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Our management philosophy is “Connecting people and society to the future with a smile” and our management vision is “Becoming an infrastructure hub for a better life through the power of home appliances and ICT.” To realize the goals of our vision and philosophy, the Group chose seven material issues(materiality) that we should address first.
The Company examined these issues from the viewpoints of their risks and opportunities, while incorporating them into our management strategies and business portfolio. We intendto continue improving our corporate governance system to better manage the value creation processes that we have built up, using our capital flow in a beneficial cycle to create more social and economic value.
Our group has been committed to enhancing our corporate governance framework to improve the effectiveness of the Board of Directors. Initiatives undertaken thus far include increasing the number of independent outside directors, appointing female directors to ensure diversity, introducing an executive officer system, establishing nomination, compensation, and effectiveness evaluation committees with a majority of outside directors, and implementing a performance-linked stock compensation system.
To further strengthen these efforts, we transitioned from a company with an Audit & Supervisory Board to a company with an Audit and Supervisory Committee, effective upon approval at the Annual General Meeting of Shareholders scheduled for June 2025. This transition will allow for significant delegation of authority from the Board of Directors to the executive side regarding decisions on business execution, thereby accelerating decision-making processes. Additionally, the Board of Directors will focus on deliberating matters that contribute to enhancing corporate value, such as medium- to long-term business strategies and capital policies, thereby improving the effectiveness of the Board.
Furthermore, the Audit and Supervisory Committee, composed solely of independent outside directors, will be responsible for auditing and supervising the legality and appropriateness of business execution. This will strengthen our corporate governance framework and enable us to achieve more transparent management.
