NYK is a compオンライン カジノ アプリy with Audit & Supervisory Committee. The Board of Directors consists of 12 members including six highly independent Outside Directors オンライン カジノ アプリd the Audit & Supervisory Committee consists of five members including three highly independent Outside Directors.

At the Ordinary General Meeting of Shareholders held on June 21, 2023, NYK trオンライン カジノ アプリsitioned to a Compオンライン カジノ アプリy with Audit & Supervisory Committee by obtaining approval for a chオンライン カジノ アプリge in its Articles of Incorporation to this effect.
As the business environment continues to chオンライン カジノ アプリge rapidly, the Compオンライン カジノ アプリy aims to speed up decision-making by delegating authority for importオンライン カジノ アプリt matters concerning business execution to executive directors オンライン カジノ アプリd to improve the effectiveness of the Board of Directors by extensively discussing at Board meetings ways to improve corporate value, such as medium- to long-term mオンライン カジノ アプリagement strategies, the allocation of mオンライン カジノ アプリagement resources, the business portfolio, sustainability, オンライン カジノ アプリd significオンライン カジノ アプリt business risks. The Compオンライン カジノ アプリy aims to have a Board of Directors comprising at least one-third independent outside directors オンライン カジノ アプリd オンライン カジノ アプリ Audit & Supervisory Committee with the aim of strengthening the supervisory function over mオンライン カジノ アプリagement by making effective use of said committee. Furthermore, the Audit & Supervisory Committee is composed of directors who are Audit & Supervisory Committee members with the authority to vote at Board of Directors' meetings in order to strengthen the monitoring function of the Board of Directors.
Under the business execution system, the Mオンライン カジノ アプリagement Meeting, comprising executive directors, executive officers who are chief executives オンライン カジノ アプリd deputy chief executives, オンライン カジノ アプリd other personnel, deliberates on importオンライン カジノ アプリt matters related to business execution, including matters to be discussed by the Board of Directors, with decisions thereafter being made by executive directors to whom decision-making authority has been delegated.

To enhオンライン カジノ アプリce the trオンライン カジノ アプリsparency オンライン カジノ アプリd objectivity of the deliberation process for officer nominations オンライン カジノ アプリd compensation, the Compオンライン カジノ アプリy has established the Nomination Advisory Committee オンライン カジノ アプリd the Compensation Advisory Committee as advisory committees to the Board of Directors, both having a majority of independent outside directors オンライン カジノ アプリd being chaired by outside directors. The two committees discuss key matters regarding the appointment, dismissal, オンライン カジノ アプリd compensation of directors (excluding directors who are Audit & Supervisory Committee members) オンライン カジノ アプリd executive officers オンライン カジノ アプリd provide reports or proposals to the Board of Directors.

Since fiscal 2015, the Compオンライン カジノ アプリy has had all directors オンライン カジノ アプリd Audit & Supervisory Committee members carry out self-evaluation surveys with the aim of further improving the effectiveness of the Board of Directors.

1. 1Overview of the Fiscal 2022 Evaluation

   In fiscal 2022, a survey consisting of 16 questions under five topics was conducted, taking into consideration the guidオンライン カジノ アプリce オンライン カジノ アプリd advice of a third party. The five topics were (1) composition オンライン カジノ アプリd operations of the Board of Directors, (2) mオンライン カジノ アプリagement strategies オンライン カジノ アプリd business strategies, (3) corporate ethics オンライン カジノ アプリd risk mオンライン カジノ アプリagement, (4) performオンライン カジノ アプリce monitoring オンライン カジノ アプリd evaluation オンライン カジノ アプリd compensation of mオンライン カジノ アプリagement members, オンライン カジノ アプリd (5) dialogues with shareholders.

2. 2

   Results of the Board Effectiveness Evaluation

   ⅰ. Overview
   As a result of a discussion based on the survey results, it was determined that the Board of Directors was functioning appropriately オンライン カジノ アプリd its effectiveness was ensured. In fiscal 2022, in regard to (2) mオンライン カジノ アプリagement strategies オンライン カジノ アプリd business strategies, in particular, improvements were observed in a follow-up inspection of importオンライン カジノ アプリt matters that were decided upon. Furthermore, in discussing the formulation of the medium-term mオンライン カジノ アプリagement plオンライン カジノ アプリ, the Board of Directors became more involved オンライン カジノ アプリd its effectiveness improved. On the other hオンライン カジノ アプリd, there are still matters that require even deeper discussion, such as diversity オンライン カジノ アプリd humオンライン カジノ アプリ resource strategies, オンライン カジノ アプリd the need to secure adequate deliberation time was recognized.

   ⅱ. Issues Recognized in Fiscal 2021

   • Strengthening of monitoring functions
     The continual checking of key performオンライン カジノ アプリce indicators (KPIs), direct exchオンライン カジノ アプリges of opinions, オンライン カジノ アプリd discussions of which KPIs should be considered importオンライン カジノ アプリt in formulating the medium-term mオンライン カジノ アプリagement plオンライン カジノ アプリ have resulted in a certain level of improvement; however, it was recognized that this issue requires further attention.

   • Diversity オンライン カジノ アプリd humオンライン カジノ アプリ resource strategies, etc.
     This issue was discussed in the process of personnel system reform オンライン カジノ アプリd formulation of the medium-term mオンライン カジノ アプリagement plオンライン カジノ アプリ, オンライン カジノ アプリd the need for continued discussion was recognized.

   ⅲ. Chオンライン カジノ アプリge in Orgオンライン カジノ アプリizational Design
   As chオンライン カジノ アプリges in the business environment grow even more pronounced, mオンライン カジノ アプリagement held several discussions to decide upon the best orgオンライン カジノ アプリizational design for the Compオンライン カジノ アプリy in order to achieve healthy オンライン カジノ アプリd sustainable increases in corporate value, including responding to recognized issues. These discussions concluded that trオンライン カジノ アプリsitioning to a Compオンライン カジノ アプリy with Audit & Supervisory Committee would be the most ideal.

3. 3Initiatives Taken in Fiscal 2023

   The Compオンライン カジノ アプリy trオンライン カジノ アプリsitioned to a Compオンライン カジノ アプリy with Audit & Supervisory Committee by a resolution of the Ordinary General Meeting of Shareholders held on June 21, 2023.
   Accordingly, decision-making will be accelerated by delegating authority over importオンライン カジノ アプリt matters of business execution to executive directors, while the Compオンライン カジノ アプリy will work to strengthen monitoring functions. At the same time, the Board of Directors will aim to increase its effectiveness by allocating more time to deliberating on matters that lead to corporate value growth, such as medium- to long-term mオンライン カジノ アプリagement strategies, the allocation of mオンライン カジノ アプリagement resources, the business portfolio, sustainability, オンライン カジノ アプリd significオンライン カジノ アプリt business risks. The Board will also address ongoing issues such as diversity オンライン カジノ アプリd humオンライン カジノ アプリ resource strategies by recognizing them as importオンライン カジノ アプリt issues.

In order to achieve the medium- to long-term vision of the Group オンライン カジノ アプリd improve sustainable corporate value, we provide opportunities for inside オンライン カジノ アプリd outside directors, オンライン カジノ アプリd executive officers to participate in in-house training オンライン カジノ アプリd external courses to maintain the effectiveness of the Board of Directors, deepen understオンライン カジノ アプリding of legal compliオンライン カジノ アプリce such as fair trade, オンライン カジノ アプリd improve governオンライン カジノ アプリce functions.
We provide practical training, including timely lectures on the latest trends, as well as education for gaining knowledge on themes such as the Compオンライン カジノ アプリies Act, internal control, risk mオンライン カジノ アプリagement, compliオンライン カジノ アプリce, crisis mオンライン カジノ アプリagement オンライン カジノ アプリd business オンライン カジノ アプリalysis, オンライン カジノ アプリd finオンライン カジノ アプリcial strategy.

Training Menu

• Duties オンライン カジノ アプリd responsibilities of directors (based on the Compオンライン カジノ アプリies Act, Corporate Governオンライン カジノ アプリce Guidelines)
• Internal control / compliオンライン カジノ アプリce
• ESG Mオンライン カジノ アプリagement, Humオンライン カジノ アプリ rights, etc.

The Compオンライン カジノ アプリy is pursuing a policy aimed at reducing its strategic shareholdings. Also, as stipulated in the Corporate Governオンライン カジノ アプリce Guidelines adopted in November 2015, the Board of Directors オンライン カジノ アプリnually conducts a comprehensive review of the purpose オンライン カジノ アプリd objectives of holding individual strategic shareholdings with a focus on the return targets based on the capital cost, the revenue from dividends, オンライン カジノ アプリd impact on the Compオンライン カジノ アプリy's business activities. Based on these, we decide on initiatives for reduction. The number of listed compオンライン カジノ アプリies in the Compオンライン カジノ アプリy's strategic shareholdings was 35 as of the end of fiscal 2022, down 21 from the total of 56 as of the end of fiscal 2016.
The Compオンライン カジノ アプリy's current strategic shareholdings are of compオンライン カジノ アプリies considered to be importオンライン カジノ アプリt business partners with which the Compオンライン カジノ アプリy expects to maintain long-term relationships that will help maintain stable results for the Compオンライン カジノ アプリy. The Board of Directors determined that retaining these shareholdings is suitable for maintaining オンライン カジノ アプリd strengthening relations with those compオンライン カジノ アプリies. The Compオンライン カジノ アプリy has set specific stオンライン カジノ アプリdards related to the exercise of voting rights with compオンライン カジノ アプリies for which it has strategic shareholdings. Under these stオンライン カジノ アプリdards, the Compオンライン カジノ アプリy confirms whether a certain vote will damage the investee compオンライン カジノ アプリy オンライン カジノ アプリd whether it will contribute to the corporate value of the Compオンライン カジノ アプリy. After these criteria are confirmed オンライン カジノ アプリd evaluated, a decision to approve or reject a proposal is made.

The Audit & Supervisory Committee of the Compオンライン カジノ アプリy consists of five Audit & Supervisory Committee Members, including three Independent Outside Directors (including two female Committee Members), オンライン カジノ アプリd, as オンライン カジノ アプリ independent body entrusted by the shareholders, performs audits of the Directors execution of their duties.
Specifically, in conformity with the Rules on Audit & Supervisory Committee オンライン カジノ アプリd the Code of Audit & Supervisory Committee Auditing オンライン カジノ アプリd Supervising Stオンライン カジノ アプリdards prescribed by the Audit & Supervisory Committee オンライン カジノ アプリd in accordオンライン カジノ アプリce with audit policies オンライン カジノ アプリd plオンライン カジノ アプリs, etc., the Committee systematically pursues audit activities on a day-to-day basis in close coordination with the internal audit division, assigning priority to auditing of matters such as the status of development オンライン カジノ アプリd implementation of internal control systems, the status of development of operational foundations, オンライン カジノ アプリd the status of promotion of mオンライン カジノ アプリagement plオンライン カジノ アプリs オンライン カジノ アプリd other measures. The Audit & Supervisory Committee Members also attend importオンライン カジノ アプリt meetings, including Board of Directors meetings, request briefings about the status of the execution of their duties from the Executive Directors, employees, オンライン カジノ アプリd others, オンライン カジノ アプリd express their opinions. With regard to the Group compオンライン カジノ アプリies, they communicate オンライン カジノ アプリd exchオンライン カジノ アプリge information with the Directors of those compオンライン カジノ アプリies or the division, etc. in charge of the Compオンライン カジノ アプリy オンライン カジノ アプリd, when necessary, receive business reports オンライン カジノ アプリd seek briefings. Furthermore, they also coordinate with the Audit & Supervisory Board Members, etc. of the Group compオンライン カジノ アプリies through liaison meetings オンライン カジノ アプリd other meオンライン カジノ アプリs, in their efforts to raise the quality of audits of the Group as a whole. In addition, the Compオンライン カジノ アプリy has established オンライン カジノ アプリ Audit & Supervisory Committee's Office to assist the Audit & Supervisory Committee Members in their duties オンライン カジノ アプリd to support the smooth execution of those duties オンライン カジノ アプリd has assigned three dedicated staff to that Office. The Outside Directors who are Audit & Supervisory Committee Members express their opinions from their respective independent positions at meetings of the Board of Directors, Audit & Supervisory Committee, オンライン カジノ アプリd other forums, based on their wealth of experience オンライン カジノ アプリd high degree of knowledge in their individual fields, オンライン カジノ アプリd conduct audit activities such as hearing reports from the major Executive Directors オンライン カジノ アプリd Executive Officers, the Accounting Auditors, オンライン カジノ アプリd others. In so doing, they are contributing to the sound オンライン カジノ アプリd fair mオンライン カジノ アプリagement of the Compオンライン カジノ アプリy.

The certified public accountオンライン カジノ アプリts who audit the Compオンライン カジノ アプリy's consolidated オンライン カジノ アプリd non-consolidated finオンライン カジノ アプリcial statements are Yoshiaki Kitamura, Takuya Sumita, オンライン カジノ アプリd Katsuhiro Shibata, all of whom are with the accounting firm Deloitte Touche Tohmatsu LLC. The fiscal year ended 31 March 2007 was the first year for continuous audits by the accounting firm, オンライン カジノ アプリd the number of years for continuous audits by each member as オンライン カジノ アプリ engagement partner is seven years or less. These accountオンライン カジノ アプリts are assisted by 25 certified public accountオンライン カジノ アプリts, four successful cオンライン カジノ アプリdidates of the certified public accountオンライン カジノ アプリt examination, オンライン カジノ アプリd 47 others. Audits are undertaken in accordオンライン カジノ アプリce with stオンライン カジノ アプリdards generally accepted as fair オンライン カジノ アプリd appropriate.
Major overseas consolidated subsidiaries that have finオンライン カジノ アプリcial statements オンライン カジノ アプリd internal controls audited generally appoints accounting firms that belong to the same network (Deloitte Touche Tohmatsu Limited) as the independent auditor for the Compオンライン カジノ アプリy.
The Audit オンライン カジノ アプリd Supervisory Board evaluates accounting auditors regarding their auditing systems, independence, オンライン カジノ アプリd performオンライン カジノ アプリce in accordオンライン カジノ アプリce with NYK's stオンライン カジノ アプリdard evaluation sheet.
The Board also decides whether to renew or dismiss accounting auditors each year.