Rules for Performance Evaluation of Board of Directors
The company has set up "Rules for Performance Evaluation of Board of Directors" to conduct internal performance evaluations for the Board of Directors (including functional committees) periodically (at least once a year).
Internal Performance Evaluation
The company conducts internal performance evaluations annually for the Board of Directors and functional committees (including Audit Committee and Remuneration Committee). The evaluations are carried out by members of the Board of Directors, members of the functional committees, and the executing units. Performance evaluation items:
The criteria for evaluating the performance of functional committees
(1) Participation in the operation of the company;
(2) Awareness of the duties of the functional committee;
(3) Improvement of quality of decisions made by the functional committee;
(4) Makeup of the functional committee and election of its members;
(5) Internal controls.
The self-assessment results of the Company's functional committees (including the Remuneration Committee and the Audit Committee) for fiscal year 2023 were rated "good" or higher. The results were reported to the directors at the March 12, 2024 board meeting.