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Corporate Governance | Committee SystemUnder the Committee System, the directors are primarily responsible for the oversight of management. Executive officers chosen by the directors conduct business operations within the scope of authority delegated by the directors. Three CommitteesThe Nomination Committee, Audit Committee, and Compensation Committee have been given the authority to make decisions on issues including candidates for the Board of Directors, audits concerning the business execution of directors and executive officers, and compensation for directors and executive officers, As such, management oversight is conducted by the Board of Directors.
Nomination CommitteeThe Nomination Committee is composed of a majority of outside directors and is responsible for decisions regarding proposals made to the Ordinary General Meeting of Shareholders concerning the appointment and dismissal of directors. Three Directors (Including two outside Directors)
Audit CommitteeThe Audit Committee is composed of a majority of outside directors and is responsible for auditing the business execution of the directors and executive officers and preparing audit reports. It also makes decisions regarding proposals to be submitted to the Ordinary General Meeting of Shareholders concerning the appointment and dismissal of independent auditors. Three Directors (Including two outside Directors)
Compensation CommitteeThe Compensation Committee is composed of a majority of outside directors and makes decisions regarding compensation for directors and executive officers, both in terms of broad policy and compensation for specific individuals. No directors who are representative executive officers, including the CEO, or executive officers are members of the Compensation Committee. Three Directors (Including two outside Directors)
Outside DirectorThe Commercial Code defines an outside director of a company as a non-executive director (i) who has never assumed the position of executive director, manager or employee of the company or its subsidiaries and (ii) who does not currently assume the position of executive director, manager or employee of the company or its subsidiaries. Related Link |

