All directors and members of the Audit & Supervisory Board analyzed and evaluated the effectiveness of the Board of Directors, and resolved the evaluation results at a meeting of the Board of Directors. The assessment results from the Board meeting held from January to December 2020 are as set forth below.
Analysis and Evaluation Method
|Evaluation method||This evaluation was conducted via a written survey, with each of the respondents
identified. Following a discussion using the aggregated results, the Board of
Directors, evaluated its effectiveness, clarified issues and adopted measures for
|Evaluation period||From January to December 2020|
According to the evaluation results for January to December 2020, the average self-evaluation of all directors and members of the Audit & Supervisory Board was generally good in all six areas, indicating that the Board of Directors is operating effectively. By category, "operation of the Board of Directors" was most highly evaluated as internal directors, external directors and members of the Audit & Supervisory Board all raised their evaluation ratings. However, in the "roles and responsibilities of the Board of Directors" category, items related to the building and monitoring of the DX promotion structure, which were added as items of evaluation for the current fiscal year received, relatively low valuations compared with other items.
In response to the evaluation results, we established a theme that "it is necessary to strengthen the involvement of the Board of Directors in order to accelerate the transition of business models utilizing DX and the innovation of business processes."
It was determined that the Board of Directors will grasp the activities of the DX Committee in charge of supervising the DX of the entire Group and Digital Strategy Division in charge of leading the implementation of initiatives devised on a group-wide basis and that the Board will discuss and give direction regarding the prioritization of short-term and mid- to long-term initiatives and the allocation of management resources.