Corporate Governance
Governance
Guided by our purpose, “Respect life, and embrace the well-being of people and the planet,” Nagase Viita positions governance as an essential foundation of management. We give life to our value, “Live Our Integrity,” by encouraging every director and employee to go beyond passive compliance and take the initiative in doing what is right. Under our Medium-Term Management Plan, we will continue to review and strengthen corporate governance while raising the quality of management in both financial and non-financial terms.
Corporate Governance System
| Board of Directors | The Board of Directors is positioned as ‘the decision-making authority, empowered to set the Company’s policy and strategies, and supervise the execution of operations.’ The Board of Directors holds regular monthly meetings in addition to provisional meetings as necessary. |
|---|---|
| Risk Management & Compliance Committee | In addition to legal compliance, we have established and strengthened our risk management system and compliance system that ties into our corporate ethics. |
| Management Committee | Comprised of directors and representatives of each division, the BCM is, in principle, held once a month and convened on an ad hoc basis as needed to discuss matters to be resolved by the Board of Directors and other significant matters of company-wide importance. |
Internal Control Systems
We have established a system (internal control system) to ensure that the execution of duties by directors and employees conforms to laws, regulations and Articles of Incorporation, and developed a system to ensure compliance with our other policies.
See the Basic Policy to formulate the Internal Control Systems
Audit System
- Status of Audit by Audit & Supervisory Board Members
- The Internal Audit Department, which is responsible for internal audits, consists of one Qualified Internal Auditor (QIA). Audits assess the adequacy and efficiency of the Company’s business activities, based on internal auditing rules.
In addition, in line with the Internal Control Over Financial Reporting system, the Audit Office evaluates internal controls as an independent internal auditor and provides reports regarding the status of internal controls to directors, the auditor, and accounting auditor, as appropriate.
- Status of Audit by Internal Auditors
- The Internal Audit Department, which is responsible for internal audits, consists of one Qualified Internal Auditor (QIA). Audits assess the adequacy and efficiency of the Company’s business activities, based on internal auditing rules.
In addition, in line with the Internal Control Over Financial Reporting system, the Audit Office evaluates internal controls as an independent internal auditor and provides reports regarding the status of internal controls to directors, the auditor, and accounting auditor, as appropriate.
- Status of Audit by Accounting Auditor
- Independent audits are performed in a fair and impartial manner by the following specified limited liability partner.
| Certified Public Accountants | Auditing Firm | |
|---|---|---|
| Specified Limited Liability Partner Managing Partner | Rikio Watanabe | Ernst & Young ShinNihon LLC |
No certified public accountant, who has executed the aforementioned duties, has performed audits continuously for more than seven years.