Board of Directors’ Effectiveness Evaluation

The Board of Directors Secretariat distributes a questionnaire to all directors and all auditors and summarizes the questionnaire results, which are then analyzed and evaluated by the Board of Directors.
As a result of the questionnaire conducted in May 2023, it was confirmed that the status of the composition, operation, and deliberation is generally appropriate, and that the Board of Directors maintains the effectiveness of its roles and functions.
As a summary of the results, it was evaluated that some improvements were made in securing time for discussions and early distribution of materials.On the other hand, new issues were identified as issues for further improvement of effectiveness, such as the preparation of materials with enhanced content and easy-to-understand content. Therefore, we will continue to make improvements along with the issues identified at the time of the implementation last year (such as the composition of the number of directors and securing time for discussions).
In addition, we will continue to improve the questionnaire questions and methods used to evaluate the effectiveness.

Board of Directors' Effectiveness Evaluation Questionnaire Items 2021 2022 2023
1.Performance of duties: Items related to the performance of the duties of directors and auditors 4.1 4.5 4.5
2.Effectiveness: Items related to the overall effectiveness of the Board of Directors 4.3 4.3 4.3
3.Composition: Items related to the composition of the Board of Directors and the Board of Auditors 4.6 4.5 4.6
4.Operational status: Items related to the operational status of the Board of Directors 4.0 4.5 4.4
5.Deliberations: Items related to the deliberations of the Board of Directors 4.3 4.6 4.7
6.Supports: Items related to support for directors and auditors 3.9 4.4 4.0
7.Nomination and Compensation Committee: Items related to Nomination and Compensation Committee (Added in 2023) - - 4.5
8.Other: Securing a system for promoting constructive dialogs with stakeholders and others 4.0 4.4 4.1

Questionnaire results for 2023