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The PS Mitsubishi Groupfs basic principles of corporate governance are to@establish corporate ethics at the same time as developing its business, to secure the fairness, transparency and appropriateness of its decision-making processes through a system of internal checks, and to safeguard risk management and compliance.
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Corporate Governance Structure |
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The Board of Directors, which consists of 11 directors, makes decisions on important matters relating to corporate management and supervises the work of the directors and corporate officers. The creation of the role of corporate officer in June 2005 has revitalized the Board of Directors and has enabled its decisions to be implemented in a timelier manner by separating management and execution functions.
The Management Council, which meets twice a month, discusses in an open and expeditious manner important matters to be submitted to the Board of Directors. The Management Council, which consists of the full-time directors, discusses management strategies, basic policies and other important management issues in a flexible manner. In order to allow for the publication of important management issues, a Full-time Executive Meeting, attended by directors and officers, is held periodically.
The Board of Corporate Auditors consists of three auditors, two of whom are external appointees. Auditors participate in Board of Directors meetings and other important meetings and monitor the directors in the performance of their duties to improve management transparency. |
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