Corporate Governance

The MEITEC Group takes action to enhance its corporate governance, aiming to continuously improve the five values described in the “Ideal State” based on the Group’s management concept. To that end, it makes unceasing efforts to pursue a balance between management oversight and business execution appropriate to the Group. Other measures include efforts to develop a structure that violates no social ethics and conducts decision making that is sound, transparent, and fair, as well as timely and decisive. 

The Company has adopted the “Company with Audit and Supervisory Committee” as the organizational design under the Companies Act. The Company will strive to establish an effective corporate governance system by strengthening the supervisory function of the Board of Directors by having a majority of the Board of Directors independent outside directors and by establishing an advisory board chaired by an independent outside director, and by delegating authority to executive directors for prompt and appropriate decision making.