Corporate Governance

Corporate Governance Framework

Corporate Governance System

Governance at a Glance
As of June 17,2017Governance at a Glance

Corporate Governance System

Governance at a Glance
As of June 17,2017Governance at a Glance

The enhancement of corporate governance is regarded as an important management issue in gaining the trust of shareholders and other stakeholders. Our basic policy is to achieve business efficiency and transparency through rigorous adherence to corporate ethics and relevant laws, and through enhancements to our internal control system, including a risk mangement system.
The management framework as of June 17,2017 was 15 directors (of whom two are outside directors), four Audit & Supervisory Board members (of whom three are outside Audit & Supervisory Board members) and 11 executive officers. The tenure of directors is one year.
The Board of Directors decides on and supervises the execution of important business matters. The Group Management Conference conducts preliminary deliberations on matters for decision by the Board of Directors, and deliberates on important matters regarding management, within the scope of authority granted by the Board of Directors. FANCL has adopted an Audit & Supervisory Board system. Audit & Supervisory Board members attend meetings of the Board of Directors, Group Management Conference and other important meetings, expressing opinioins as necessary in order to enhance the effectiveness of auditing regarding management's decision making. Audit & Supervisory Board members also exchange opinions with senior management on a regular basis, providing an impartial management monitoring system.