A Nesto
receive advice on its corporate activities from an objective, broad-ranging, and advanced viewpoint based on extensive experience and a high level of insight in diplomacy.
Outside director Satoru Kishi attended six of the seven Board of Directors' meetings held during the fiscal year and commented as necessary during the deliberation of proposals.
Outside director Kensaku Hogen attended all seven of the Board of Directors' meetings held during the fiscal year and commented as necessary during the deliberation of proposals.
There is no particular relationship between the Company and outside director Satoru Kishi.
There is no particular relationship between the Company and outside director Kensaku Hogen.
The Board of Directors also provides information on items of business and other topics as necessary to outside directors.
Board of Corporate Auditors
The Board of Corporate Auditors consists of five corporate auditors, including three outside corporate auditors. In accordance with the Company's auditing standards, auditing policies, apportionment of responsibilities, and other such matters as determined by the Board of Corporate Auditors, each corporate auditor audits the directors' execution of duties. Corporate auditors accomplish these audits through various means, including attending meetings of the Board of Directors and inspecting the state of the Company's assets and liabilities. In addition, a Corporate Auditors' Office was established to provide direct support to the Board of Corporate Auditors.
The Company maintains Standards for Reporting to Corporate Auditors to ensure that relevant matters are reported to corporate auditors in a timely and accurate manner. The standards require regular reports to be submitted to corporate auditors on the business conditions of the Company and its subsidiaries, the maintenance and operation of internal control systems, and any other matters that would have a substantial impact on the Company or its subsidiaries....
View Full Essay