Corporate Governance System
Management structure
The Board of Directors of the Company is responsible for establishing group-wide management policies and medium- to long-term business strategies. It is also responsible for supervising the execution of duties by directors and executive officers and the execution of operations by operating companies. The Board of Directors is chaired by the President and Representative Director,and consists of 8 members, including 3 outside directors.
As a "Company with an Audit and Supervisory Committee,"since June 2016, we have been working to strengthen the audit and supervisory functions of the Board of Directors through an independent Audit and Supervisory Committee. In addition,the "Nomination and Remuneration Committee," the majority of whose members and the chairperson are independent outside directors, has been established as an advisory body to the Board of Directors with the aim of ensuring objectivity and transparency in the determination of matters related to the nomination and compensation of directors, and working to improve the effectiveness of the Board of Directors' supervisory functions.
We also adopt an executive officer system to facilitate prompt decision-making and more efficient management with regard to business execution.
Corporate Governance System
Corporate Governance Guidelines
In order to achieve sustainable growth and increase corporate value at Maxell Group over the medium- to long-term, we have established "Corporate Governance Guidelines," which define our basic approach and basic policies on corporate governance.
We will strive to ensure appropriate information disclosure and transparency, appropriately fulfill the roles and responsibilities of the Board of Directors, and further invigorate constructive dialogue (engagement) with shareholders and investors.
Enhancing Internal Control Systems
Maxell Group has established the Internal Control Committee to ensure and strengthen the effectiveness of corporate governance,toward enhancing the corporate value of the Group as a whole and achieving management objectives.
Through the Committee's activities, we are striving to improve the management system and to strengthen the functions of the Group as a whole, including compliance and risk management,thereby enhancing our internal control systems.
