MITSUBA has adopted a company with an Audit and Supervisory Committee as an organizational design under the Companies Act. Moreover, the operating officer system is introduced and appointed three outside directors to promote stronger governance and more efficient management.
Furthermore, we have established the Nomination and Compensation Committee, an advisory body to the Board of Directors, and are working to strengthen governance by increasing the objectivity and transparency of the procedures for determining the nomination and compensation of directors.
MITSUBA conducts an effectiveness evaluation of its Board of Directors every year with the aim of improving its effectiveness and strengthening its corporate governance functions.
The summary of the evaluation and analysis results for FY 2024 is listed on the right:
| Evaluation method | - A questionnaire consisting of eight items, including personnel, systems, agenda, etc., was distributed. - Evaluation was conducted anonymously using a four-point scale and free-form comments. |
|---|---|
| Overview of evaluation results | - It was confirmed that the composition, operation, and frequency of meetings of the Board of Directors are appropriate, and that a system has been established for making important management decisions and supervising business execution. - On the other hand, we recognized that there is still room for improvement in the discussion of medium to long-term management strategies and in the enhancement and early distribution of materials for Board of Directors meetings. |
Based on the evaluation results, we will continue to strengthen the supervisory function for company management and improve the operation of the Board of Directors.
MITSUBA delegates business operation authority to meetings such as management meetings and has established a matrix structure with functional organizations (departments, sections, and projects) that conduct business in order to make management decisions quickly and appropriately.
Important matters related to ESG are deliberated at the ESG committee, a company-wide meeting body related to ESG, and reported to the Management Meeting.
Various committees have been set up as subordinate bodies of the committee to formulate action policies and monitor important company-wide themes in each area and respond to various management issues raised by each committee under the direction and orders of the Compliance Officer and Risk Management Officer.
Related policies, etc.:
Corporate Governance Report
(PDF : 0.71MB / 26P)
Basic Policy for the Internal Control System
(PDF : 1.55MB / 6P) (Written in Japanese)
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