Corporate Governance

Since June 2003 Nomura Holdings, Inc. (NHI) has utilized a committee-based system of corporate governance.With the aim of further raising the strength and transparency of its oversight functions, there are three committees (Nomination, Audit and Compensation Committee), each of which is comprised of a majority of Outside directors. Furthermore, considerable authority has been delegated to NHI's executive officers to allow for swifter management level. In 2004, the Group drew up the "Code of Ethics of Nomura Group" and is working to fulfill its responsibilities to all stakeholders.

Meeting the challenges of corporate governance

1. Appointed outside directors (2001)
2. Established Internal Controls Committee, which includes an outside director (2001)
3. Established Compensation Committee with a majority of outside directors (2001)
4. Established Advisory Board (2001)
5. Abolished retirement bonuses for directors (2001)
6. Began granting stock options to directors and certain employees (2002)
7. Adopted the Committee System (2003)
8. Established "Code of Ethics of Nomura Group" (2004)
9. Began holding meetings of outside directors (2004)

• Nomura Group Corporate Governance (PDF 127KB)

• Committee System
  • Compensation for Directors and Executive Managing Directors
• Internal Control
• Information Disclosure
• Compliance
• Crisis Management Structure
• Information Security
• Stocks Acquisition Rights
• Regulations
• Difference between Corporate Governance Practices in Japan and in U.S.

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