Print PDFDaiwa House Group has been improving corporate governance, adopting a basic policy of establishing a transparent and efficient management system that facilitates fast and accurate decision-making. We will enhance our decision-making and internal controlling systems to set a basic direction for corporate management.
Major initiatives to improve corporate governance
Faster decision-making and clearer management responsibility
- June 1999Introduction of an executive officer system
- June 2001Directors' term of office shortened from two years to one year
- June 2004Revision of the Articles of Incorporation to allow the acquisition of Company's own shares solely by resolution of the Board of Directors
Improved disclosure and accountability
- June 2002Online disclosure of invitations to shareholders' meetings (Japanese/English); online execution of voting rights (Japanese only)
- August 2003First quarterly disclosure of business performance
- June 2005Termination of lump-sum retirement payment system for directors and corporate auditors (switch to performance-linked compensation system)
Improvement in management transparency
- June 2003One outside auditor added to the board of corporate auditors, making five members (three of whom are outside auditors)
- June 2005Number of corporate auditors increased from two to three out of the total of six members of the Board of Corporate Auditors
Corporate governance system
As of June 30, 2005
