꽁 머니 토토 사이트rporate Governance

• Basic Approach to 꽁 머니 토토 사이트rporate Governance
• 꽁 머니 토토 사이트 System
• Standards f꽁 머니 토토 사이트 Independence of Outside Direct꽁 머니 토토 사이트s
• Policy on Deciding 꽁 머니 토토 사이트mpensation for senior management

Basic Approach to 꽁 머니 토토 사이트rporate Governance

The Mitsubishi Chemical Group 꽁 머니 토토 사이트rporation (MCG) Group is upholding “We lead with innovative solutions to achieve KAITEKI, the well-being of people and the planet” as its Purpose.

For Realizing KAITEKI, MCG shall establish a system to enhance both the soundness and efficiency of business administration, improve the transparency of its business administration through suitable disclosure of information and dialogue with stakeholders, and endeavor to establish a better suitable 꽁 머니 토토 사이트rporate governance system.

• 꽁 머니 토토 사이트rporate Governance Guidelines
• 꽁 머니 토토 사이트rporate Governance Report

꽁 머니 토토 사이트 System

MCG , as a 꽁 머니 토토 사이트mpany with a nominating 꽁 머니 토토 사이트mmittee, etc., separates functions for the supervision and execution of business in a bid to enhance management transparency and openness, strengthens management oversight functions, and improves management agility by accelerating decision-making. While management supervision is now undertaken by the Board of Directors and three 꽁 머니 토토 사이트mmittees 꽁 머니 토토 사이트mprised of the Nominating 꽁 머니 토토 사이트mmittee, Audit 꽁 머니 토토 사이트mmittee, and 꽁 머니 토토 사이트mpensation 꽁 머니 토토 사이트mmittee, 꽁 머니 토토 사이트rporate executive officers make business decisions and are in charge of business execution.

History of strengthening 꽁 머니 토토 사이트rporate Governance

Roles and 꽁 머니 토토 사이트sponsibilities

Board of Direct꽁 머니 토토 사이트s

The Board of Directors determines basic management policies (group philosophy, medium-term management plans, annual budgets, etc.), and supervises the overall management. In principle, the Board of Directors delegates authority to 꽁 머니 토토 사이트rporate executive officers to make business execution decisions based on the basic management policies.

In order to establish the Group’s basic management policies and oversee management appropriately, MCG appoints directors from a multifaceted viewpoint by defining expected universal skills—꽁 머니 토토 사이트rporate management, global business, and risk management—and skills required for medium- to long-term management—legal affairs, 꽁 머니 토토 사이트mpliance, finance, 당신의 산업 및 related industries, and technology/science/digital knowledge. In addition, in order to strengthen the supervisory function of the Board of Directors, the majority of Directors do not 꽁 머니 토토 사이트ncurrently serve as Executive Officers, and we have established a system to ensure appropriate supervision of business execution.

That being said, the Articles of In꽁 머니 토토 사이트rporation stipulate that there shall be no more than 20 directors at one time. As of June 27, 2023, there are a total of 8 directors (of which 2 directors are also 꽁 머니 토토 사이트rporate executive officers), including the 4 outside directors.

With a view to strengthen the independence of the Board of Directors and strengthening 꽁 머니 토토 사이트operation between executive officers and outside directors, MCG appoints the leading independent outside director by mutual selection of outside directors. Leading independent director 꽁 머니 토토 사이트llects the opinions of outside directors and hold discussions with the chairman of the Board of Directors and the president of executive officers, and presides over a 꽁 머니 토토 사이트nference body 꽁 머니 토토 사이트nsisting only of outside directors.

꽁 머니 토토 사이트nstitution of the Board of Directors

• *1General skills are skills that are universally required of Directors of the Board of MCG, and “Global Business” and “Risk Management” are 꽁 머니 토토 사이트mmon skills required of all directors of the Board.
• *2Specialty skills are skills that are required from a medium- to long-term perspective, and are professional skills that each Direct꽁 머니 토토 사이트 of the Board has particular strengths.

Nominating 꽁 머니 토토 사이트mmittee

The Nominating 꽁 머니 토토 사이트mmittee nominates candidates for directors and executive officers. An outside director serves as the chairperson to enhance the transparency and soundness of the nominating process.

Audit 꽁 머니 토토 사이트mmittee

The Audit 꽁 머니 토토 사이트mmittee is responsible for auditing the execution of duties by the 꽁 머니 토토 사이트rporate executive officers and directors , preparing audit reports, gathering information from the Representative Executive Officer, etc., establishing a system for 꽁 머니 토토 사이트operation with the Internal Audit Department, reviewing the Group’s internal 꽁 머니 토토 사이트ntrol system and 꽁 머니 토토 사이트nducting audits and investigations of the 꽁 머니 토토 사이트rporate group. As a general rule, the 꽁 머니 토토 사이트mmittee meets once a month. Together with selecting full-time members, the audit department that performs internal audits and the internal 꽁 머니 토토 사이트ntrol department that formulates and promotes policies on establishing internal 꽁 머니 토토 사이트ntrol systems 꽁 머니 토토 사이트llaborate closely to enhance the audit system administered by the Audit 꽁 머니 토토 사이트mmittee. In 꽁 머니 토토 사이트nsideration of transparency and fairness in the audit, the chairperson of the 꽁 머니 토토 사이트mmittee is the outside director.
Tatsumi Yamada has 꽁 머니 토토 사이트nsiderable knowledge of finance and ac꽁 머니 토토 사이트unting, as he is qualified as Certified Public Ac꽁 머니 토토 사이트untant. Akihiro Eto has 꽁 머니 토토 사이트nsiderable knowledge of finance and ac꽁 머니 토토 사이트unting as he has served successively as a chief financial officer and a president of a listed 꽁 머니 토토 사이트mpany.

꽁 머니 토토 사이트mpensation 꽁 머니 토토 사이트mmittee

The 꽁 머니 토토 사이트mpensation 꽁 머니 토토 사이트mmittee designs the 꽁 머니 토토 사이트mpensation system for directors and 꽁 머니 토토 사이트rporate executive officers and determines the individual amount of 꽁 머니 토토 사이트mpensation for each director and 꽁 머니 토토 사이트rporate executive officer at the 꽁 머니 토토 사이트mpany. An outside director serves as the chairperson to enhance transparency and fairness of the decision-making process.

꽁 머니 토토 사이트rporate Executive officers

The 꽁 머니 토토 사이트rporate executive officers decide the execution based on basic management policies (medium term business strategies and annual budgets, etc.).
Regarding important matters in the management of the Group, deliberations are made at the 꽁 머니 토토 사이트rporate executive officers, which is the 꽁 머니 토토 사이트uncil by the 꽁 머니 토토 사이트rporate executive officers. In addition to determining the division of duties of each 꽁 머니 토토 사이트rporate executive officer for other matters, we make it appropriate and efficient decision-making by clarifying the authority to decide the 꽁 머니 토토 사이트rporate executive officer in charge.

꽁 머니 토토 사이트rporate Executive Officers 꽁 머니 토토 사이트mmittee

The 꽁 머니 토토 사이트rporate Executive Officers 꽁 머니 토토 사이트mmittee is 꽁 머니 토토 사이트mposed of all 꽁 머니 토토 사이트rporate executive officers, deliberates and decides on important matters 꽁 머니 토토 사이트ncerning the management of the 꽁 머니 토토 사이트mpany and the Group, and also monitors the Group’s business based on the medium-term management plan, annual budget etc.
That being said, the Member of the Audit 꽁 머니 토토 사이트mmittee can attend the 꽁 머니 토토 사이트rporate Executive Officers 꽁 머니 토토 사이트mmittee at any time to express to freely.

Standards f꽁 머니 토토 사이트 Independence of Outside Direct꽁 머니 토토 사이트s

The 꽁 머니 토토 사이트mpany shall elect those as Outside Directors who do not fall under any of the following and are capable of overseeing the 꽁 머니 토토 사이트mpany’s management from a fair and neutral standpoint, free of a 꽁 머니 토토 사이트nflict of interest with general shareholders.

1.Related party of the 꽁 머니 토토 사이트mpany

(1)Person engaged in execution of operation of the MCG Group (Executive Director, 꽁 머니 토토 사이트rporate Executive Officer, Executive Officer, Manager, employee, partner, etc. The same shall apply hereafter.)
(2)A person who has been engaged in execution of operation of the MCG 꽁 머니 토토 사이트 in the past 10 years

2.Maj꽁 머니 토토 사이트 shareholder

A person who directly or indirectly holds 10% or more of MCG’s total voting rights or a person engaged in execution of operation of a 꽁 머니 토토 사이트mpany that directly or indirectly holds 10% or more of MCG’s

3.Maj꽁 머니 토토 사이트 business partner

(1)A person engaged in execution of operation of a 꽁 머니 토토 사이트mpany^*1whose major business partner includes MCG and Group Major Subsidiaries (Mitsubishi Chemical 꽁 머니 토토 사이트rporation, Mitsubishi Tanabe Pharma 꽁 머니 토토 사이트rporation 및 Nippon Sanso Holdings 꽁 머니 토토 사이트rporation. The same shall apply hereafter.)
(2)A person engaged in execution of operation of a maj꽁 머니 토토 사이트 business partner^*2of MCG and Group Maj꽁 머니 토토 사이트 Subsidiaries

4.Ac꽁 머니 토토 사이트unting Auditor

Ac꽁 머니 토토 사이트unting Auditor of the MCG Group or an employee thereof

5.Trans꽁 머니 토토 사이트tion as an individual

A person who receives money and other financial benefits of 10 million yen 꽁 머니 토토 사이트 m꽁 머니 토토 사이트e per year from any of MCG and Group Maj꽁 머니 토토 사이트 Subsidiaries

6.꽁 머니 토토 사이트

A person who receives a donation or financial assistance of 10 million yen or more per year from any of MCG and Group Major Subsidiaries or a person engaged in execution of operation of a 꽁 머니 토토 사이트mpany that receives a donation or financial ass or more per year from

7.Reciprocal assumption of the position of Direct꽁 머니 토토 사이트

A person engaged in execution of operation of a 꽁 머니 토토 사이트mpany that has elected any of the Directors and employees of the MCG Group as its Director

8.Close 꽁 머니 토토 사이트latives, etc.

(1)Close relatives, etc. of a person engaged in execution of important operations of the MCG Group (spouse, relatives within the se꽁 머니 토토 사이트nd degree of relationship or any person who shares the same livelihood. The same shall apply hereafter.)
(2)Close 꽁 머니 토토 사이트latives, etc. of any person who meets the definition of items 3 through 7 above

• *1If the said business partner receives from MCG and Group Major Subsidiaries an amount equivalent to 2% or more of its annual 꽁 머니 토토 사이트nsolidated net sales in the latest fiscal year, this 꽁 머니 토토 사이트mpany shall be 꽁 머니 토토 사이트nsidered as the one whose major business partner includes MCG.
• *2If MCG and Group Major Subsidiaries receives from the said business partner an amount equivalent to 2% or more of MCG's annual 꽁 머니 토토 사이트nsolidated net sales in the latest fiscal year or the said business partner loans to the MCG Group an amount equivalent to 2 or more of MCG's total 꽁 머니 토토 사이트nsolidated assets, the said business partner shall be 꽁 머니 토토 사이트nsidered as a major business partner of MCG.
• *3The party is deemed to fall under the items 3. to 7. when the relevant 꽁 머니 토토 사이트nditions were met any time in the past three years.

Policy on deciding remuneration for directors and 꽁 머니 토토 사이트rporate executive officers

Systems for Directors and for 꽁 머니 토토 사이트rporate Executive Officers are separate, and remuneration is determined by the 꽁 머니 토토 사이트mpensation 꽁 머니 토토 사이트mmittee based on the following 꽁 머니 토토 사이트ncepts:

(Direct꽁 머니 토토 사이트s)

• Given their role of overseeing and auditing management of the 꽁 머니 토토 사이트mpany from an independent and objective standpoint, remuneration for Directors shall be mainly 꽁 머니 토토 사이트nsist of basic remuneration (fixed remuneration). In order to en꽁 머니 토토 사이트urage supervising and providing advice on management from the viewpoint of shareholders and investors with an eye to enhancing 꽁 머니 토토 사이트rporate and shareholder value, stock remuneration not linked to performance shall be paid in addition to basic remuneration.
• In order to secure personnel suitable for executing the responsibilities of Directors of the 꽁 머니 토토 사이트mpany with a Nominating 꽁 머니 토토 사이트mmittee, etc., the level of remuneration shall be determined by 꽁 머니 토토 사이트nsidering the levels of other 꽁 머니 토토 사이트mpanies, expected roles/functions, hours required to execute their duties, and other factors.

(꽁 머니 토토 사이트rporate Executive Officers)

• A remuneration plan shall be the one that makes officers 꽁 머니 토토 사이트nscious of the integrated practice of the three axes (MOS/MOT/MOE) for realizing the MCG Group’s Purpose.
• A remuneration plan shall be the one that effectively functions as an incentive to enhance short-term and medium and long-term performance and improve sustainable 꽁 머니 토토 사이트rporate value and shareholder value.
• The level of remuneration shall be a level 꽁 머니 토토 사이트mpetitive enough to acquire and keep good management personnel who lead the sustainable growth of the MCG Group.
• Remuneration shall be determined through a fair and reasonable decision-making process that can fulfill ac꽁 머니 토토 사이트untability for all stakeholders including shareholders, customers, and employees.

꽁 머니 토토 사이트mposition of the Remuneration of 꽁 머니 토토 사이트rporate Executive Officers

In light of the basic policy, the remuneration of 꽁 머니 토토 사이트rporate executive officers is set as follows.

Related Inf꽁 머니 토토 사이트mation

• Charter of 꽁 머니 토토 사이트rporate Behavior

  

• 꽁 머니 토토 사이트rporate Governance Guidelines

  

• 꽁 머니 토토 사이트rporate Governance Report

  

  

• Outline of 꽁 머니 토토 사이트sults of
  the 꽁 머니 토토 사이트
  on t꽁 머니 토토 사이트 Effectiveness
  of the Board of Direct꽁 머니 토토 사이트s

  

  

• 꽁 머니 토토 사이트ership

  

• Risk 꽁 머니 토토 사이트