Corporate Governance

Basic Views

The Company is committed to enhancing corporate governance on an ongoing basis for the purpose of seeking sustainable growth and increased corporate value over the mid- to long-term, based on the Press Kogyo Group's "Principles of Management."

Overview of Current Corporate Governance System

The Company is a company with Audit & Supervisory Committee and makes efforts to increase the effectiveness of corporate governance, ensuring the Board of Directors makes important decisions and supervises the execution of operations or promoting efficient management and accelerated execution of operations by introducing the managing officers system, as well as enhancing the internal auditing system for the purpose of strengthening the functions of the Audit & Supervisory Committee. The operations by, functions of and activities of each organization, etc. are as follows:

Managing Officers System

The Company has introduced the Executive Officers System and promotes efficiency and acceleration of management decision-making and execution of operations, separating management functions from operation execution functions as well as ensuring the small size of the Board of Directors.

Management Meeting

Executive Officers responsible for executing operations attend the management meeting (twice a month) and report and discuss matters of significance with respect to each of departments which such Executive Officers are in charge of, as needed. Full-time Audit & Supervisory Board Committee attend the management meetings and express their opinions, as needed.

Board of Directors

The Board of Directors holds a meeting once a month in principle and supervises the execution of operations and makes important decisions. The Director's term of office is one (1) year for the purpose of annually ensuring the most appropriate management system with the change of the managerial environment.

Audit & Supervisory Committee

The Audit & Supervisory Committee holds a meeting once a month in principle and audits and supervises Directors’ execution of operations. It consists of five (5) Directors (which includes four (4) External Directors).

Nomination & Remuneration Committee

The Nomination & Remuneration Committee, as a voluntary advisory body, deliberates on consultation with the Board of Directors and submits the proposals to the Board of Directors.
Our representative director and president serves as chairman of the committee, which includes at least three members, including the chairman, and in which the majority of the members are external directors.