Nomura Holdings aims for transparency and quick response throughout the Group to enhance corporate value in the medium-to-long term. We place the highest importance on initiatives that strengthen and further develop our corporate governance processes and systems.
When we became a holding company in October 2001, we appointed outside directors to our Board in order to strengthen management oversight functions. We also formed an Internal Controls Committee that includes an outside director, created a Compensation Committee with a majority of outside directors, and formed an Advisory Board composed of independent experts.
Since Nomura listed on the New York Stock Exchange in December 2001, we expanded our information disclosure to increase management transparency. In June 2003, we adopted the committee system and separated management oversight functions from the conduct of business operations. We also formed Nomination and Audit committees, comprised primarily of outside directors. This substantially enhanced management oversight and dramatically increased transparency. Furthermore, the Board has delegated considerable authority to NHI's executive officers to allow for more efficient management.
We also believe that, among various organizational structures applicable in Japan, the Committee System is most compatible with the corporate governance system stipulated in the NYSE Listed Company Manual.
In 2004, we adopted the Code of Ethics of the Nomura Group, which outlines our policies on issues related to corporate governance and corporate responsibility. All Nomura employees should comply with the Code in order to fulfill their responsibilities not only to Nomura Holdings' shareholders, but also to other stakeholders.
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Nomura Securities International, Inc., is a member of SIPC![]()