Laox IR | Corporate Governance

Corporate Governance

Basic Policy Regarding Corporate Governancepolicy

Our basic corporate governance policy is to strive to maintain harmonious relations with all stakeholders including customers and shareholders, and to increase our corporate value while establishing the management structure that will enable legitimate business execution based on compliance with laws and social norms.

Outline of Corporate Governance Structure

We acknowledge the importance of objective and neutral supervision over management from the outside and have an outside director and external auditors who specialize in supervision. Also, recognizing of effectiveness of management supervision function by a check system consisting of auditors, including external auditors, we operate as a company with board of company auditors.

Our Board of Directors consists of seven directors, including one outside director, and four auditors, including two external auditors. A directors’ meeting is held once a month and a Board of Director’s meeting is held once in every three months. In addition, extraordinary board meetings are held as needed. Furthermore, executive committee meetings are held twice a month to carefully examine and deliberate important matters regarding the company’s management.Our board of auditors consists of four auditors, including two external auditors, and holds a meeting once a month as a rule to make decisions about important matters related to audit including general auditing policies and plans

Corporate Governance Framework

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