Nissan Shatai : Overview of Evaluation Results for Effectiveness of Board of Directors
June 29, 2023 at 08:38 am EDT
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June 29, 2023
Company name:
Nissan Shatai Co., Ltd.
(Code no.: 7222, Prime of Tokyo Stock Exchange)
Representative:
Haruhiko Yoshimura, President
Contact person:
Takanori Nakatsugawa,,
General Manager of Administration Department
Tel.: +81-463-21-8001
Overview of Evaluation Results for Effectiveness of Board of Directors
The Board of Directors of Nissan Shatai has carried out an evaluation of the effectiveness of the FY2022 Board of Directors taking account of analyses by a third-party organization, and hereby announces an overview of these results.
1. Method and process of evaluation
The Board of Directors evaluated its effectiveness in the following method.
The Board of Directors distributed a questionnaire prepared by a third-party organization to all Directors and Statutory Auditors, and they all answered it.
Studies were conducted by this organization based on the answers, and Nissan Shatai received a report including the result of the studies.
Firstly, based on the report, responses were discussed and evaluated by Outside Directors and Statutory Auditors.
Then, all Directors and Statutory Auditors performed evaluations and discussions about
the effectiveness of the Board of Directors, and confirmed actions for further improving board's effectiveness.
(Main items in the questionnaire)
Composition, operation, and discussions of the Board of Directors
Monitoring functions of the Board of Directors
Training for Directors and Statutory Auditors
Operation and discussions of the voluntary committees
2. Overview of the evaluation results
As a result of the evaluation, Nissan Shatai's Board of Directors confirms that the effectiveness of the Board of Directors is ensured. The overview is as follows.
There is no problem with the composition and operation of the Board of Directors.
The Board of Directors has established sufficient deliberation time and is endeavoring to realize appropriate decision-making and management supervision.
All the members of the Board of Directors, including Outside Directors and Outside Statutory Auditors, possessing a wide range of experience and expertise, state opinions and advice based on their respective experiences and perspectives, and fulfill the roles that they should fulfill.
3. Opinions and issues to enhance the effectiveness
In FY2022, the Board of Directors ensured sufficient deliberation time and worked to improve the quality and vitality of its discussions.
In discussions concerning evaluations by all of the Directors and all of the Statutory Auditors, the following opinions were presented with the objective of further increasing effectiveness. We will continue to work on improving these points and will also aim to enhance the discussions in the Board of Directors.
Further examinations concerning management strategies and management plans in consideration of the cost of capital and the return on capital
In addition to the forum of the Board of Directors, enhancement of information sharing and discussions among Directors and Statutory Auditors in other forums as well
Enhancement of supervision of the risk management and operational status of the Nissan Shatai Group overall
Further enhancement of deliberations concerning important transactions and examination of the appropriateness of the items for deliberation
Thorough implementation of timely and appropriate reporting of information concerning risk incidents to the Statutory Auditors
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Nissan Shatai Co. Ltd. published this content on 29 June 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 June 2023 12:37:03 UTC.
NISSAN SHATAI CO., LTD. is a Japan-based manufacturing company, principally engaged in the manufacture and sale of automobiles and automobile parts. The Company operates in three business segments. The Automobile-related segment is engaged in the manufacture and sale of passenger automobiles, commercial vehicles, small buses, automobile components and bodies, among others. The Equipment Maintenance segment is engaged in the production, construction and maintenance of production facilities. The Information Processing segment is engaged in the construction of information systems and the provision of maintenance and operation services, among others. The Company is also involved in the temporary staffing.