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. We also have mutual checks and balances on the business execution front, between operational directors and administrative directors.
At the same time, authority and responsibility for day-to-day business execution is assigned to executive officers to ensure that operations are managed in a flexible and efficient manner. We also have in place a Nomination and Compensation Committee, in which an independent outside director and independent outside Audit & Supervisory Board member participate and are working to enhance management transparency and accountability.
Note:The Board of Directors is chaired by the representative director and president. 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 Executive Committee is chaired by the chief independent outside director.