Evaluation of the Effectiveness of the Board of Directors
The Board of Directors analyzes and evaluates the effectiveness, etc. of the Board of Directors as a whole every year through specific actions, such as confirming the opinions of every Director regarding the Board of Directors' effectiveness and uses the results to improve operations.
Summary of the Result of Evaluation of Effectiveness of the Board of Directors for FY2026/3
- Based on the result of the FY2024 evaluation of the effectiveness of its Board of Directors, the Company engaged in initiatives to secure the effectiveness of its Board of Directors, such as:
- -Delving deeper into the Company's issues in light of problems such as the inappropriate use of non-public financial information at post offices.
- -Providing opportunities to discuss the direction of medium- to long-term management and the outlook for environmental changes.
- -Providing opportunities to exchange opinions with front-line employees and among outside directors.
- As a result of these initiatives, the Company received a certain level of evaluation in the questionnaire survey and evaluates that the effectiveness of its Board of Directors for FY2025 is ensured and improved as a whole.
- On the other hand, based on the results of the questionnaire survey and interviews, and on discussions at the meetings of Outside Directors, the Company has recognized that there is still room for improvement in reviewing the operation of meetings to make the Board of Directors a more active forum for discussion (e.g. setting the method of submission and presentation of agenda items, volume of materials, and time for questions according to the importance of each item). The Company has also recognized the need for initiatives such as the prior sharing of discussion themes at the Nomination and Compensation Committees and the provision of information to Outside Directors regarding industry trends and other matters.
Overview of Initiatives for FY2027/3 Based on the Above Evaluation Results
- For agenda items to be submitted to the Board of Directors, the Company will review the methods of submission and the content of materials based on the importance of each item, and will establish an environment in which more substantial discussions can be held by allocating sufficient time to important matters, such as the status of initiatives toward achieving the targets of the next Medium-term Management Plan.
- The Company will formulate annual schedules for the Nomination Committee and the Compensation Committee and conduct planned discussions on matters related to nomination and compensation.
- The Company will provide opportunities for external training, etc., on technological advances in AI, industry trends, governance, and other topics.
- In addition, the Company will continue to regularly provide opportunities to exchange opinions with front-line employees, and for the exchange of opinions among Outside Directors and between Outside Directors and Executive Officers. (Ongoing)
