Corporate Governance Report and Compliance System

The Company has formulated and implemented the TechnoPro Group Corporate Governance Guidelines as part of its ongoing activities to ensure the best practices in corporate governance. We are enhancing our governance function and internal control system based on the belief that respecting the rights of shareholders, ensuring the fairness and transparency of decision-making, and maximizing management’s vigor are the essence of corporate governance.

As a holding company, we handle the strategic planning and management functions for the entire Group, and we have adopted the form of a company with an Audit & Supervisory Board. This system, characterized by supervision by the Board of Directors and an Audit & Supervisory Board that oversees audit functions, achieves appropriate management decision-making and business execution, as well as creating a system having sufficient organizational checks.

At the same time, we have adopted the executive officer system to ensure flexibility and efficiency of day-to-day business execution. We also have in place a Nomination and Compensation Committee, which is solely comprised of independent outside directors and independent outside Audit & Supervisory Board members and are working to enhance management transparency and accountability.

Corporate Governance Report

Corporate Governance and Compliance System

As of September 29, 2021

Note:The Board of Directors is chaired by the Director and Chairman. The Audit & Supervisory Board is chaired by an inside member of the The Audit & Supervisory Board. The Nomination and Compensation Committee is chaired by an independent outside member of the Audit & Supervisory Board. The Independent Officer Committee is chaired by the chief independent outside director.

Corporate Governance ESG Data Book