Basic Approach and Initiatives Regarding Corporate Governance
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Based on the recognition that the most important management issue is to continue sustainable business growth and increase corporate value, JSP has adopted the corporate philosophy of “Creatively and Actively Contribute to Society,” and aims for the management to earn the trust and satisfaction of all stakeholders as a globally competitive company that places emphasis on safety and environmental responsiveness.
JSP believes that effective functioning of corporate governance and thorough pursuit of management efficiency, transparency, and soundness are essential issues to achieve this objective.
Basic Policy
- (1) The Company has adopted a “Company with an Audit & Supervisory Board system” where the Board of Directors makes decisions on the most important matters of the Company and strives to create an environment for appropriate management judgment in such decision-making.
- (2) The Company shall respect the rights and positions of all stakeholders and strive to cooperate with them appropriately.
- (3) The Company shall strive to ensure transparency to all stakeholders through appropriate information disclosure.
- (4) As a “Company with an Audit & Supervisory Board”, the Company shall appoint independent outside directors and auditors and ensure sound management practices by monitoring management in line with the Company.
- (5) The Company shall engage in constructive dialogue with shareholders.
Indicators and Targets for Strengthen Corporate Governance
Starting in fiscal year 2025, we have established initiatives and indicators related to “Strengthening Corporate Governance” in accordance with our “Corporate Governance Guidelines.”
| Materiality | Goal | Indicator | FY2025 Result |
|---|---|---|---|
| Strengthen corporate governance | Prevention of conflicts of interest, competing transactions, and improper transactions among significant related parties by directors | Number of Special Committee on Governance held | 1 |
| Number of times transactions with related parties were confirmed | 1 | ||
| Appropriate response to sustainability | Number of sustainability promotion committee held | 8 | |
| Number of sustainability information reports issued | 6 | ||
| Appropriate disclosure of information, ensuring transparency | Number of information disclosure committie held | 12 | |
| Enhancing the effectiveness of the Board of Directors | Number of board effectiveness evaluations | 1 | |
| Number of training sessions for Directors and Auditors | 1 | ||
| Enhancing the Functions of Auditors and the Board of Auditors | Number of meetings between auditors and outside directors | 4 | |
| Number of meetings between auditor and accounting auditor | 16 | ||
| Cooperate with independent outside directors | Number of pre-board briefings provided to outside directors | 6 | |
| Establishment of the JSP Group's risk management system | Number of Risk and Compliance Committee Meetings Held, Number of Items Deliberated |
Number of times held:7 Item Deliberated:21 |
|
| Number of Compliance Training Sessions Conducted | 19 | ||
| Number of Serious Compliance Violations | 0 |