All directors 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 2023 to March 2024 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, which was followed by individual interviews for supplementing the written survey. Following a discussion using the aggregated results, the Board of Directors evaluated its effectiveness, clarified issues and adopted measures for the future. |
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| Evaluation items |
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| Evaluation period | 15 months From January 2023 to March 2024 *To evaluate the effectiveness of the Board of Directors after the change in institutional design, the evaluation period was made three months longer than usual, and an intensive evaluation was undertaken in the nine-month period after the change in institutional design, or from June 2023 to March 2024. |
Evaluation Results
According to the evaluation results for January 2023 to March 2024, the results of the evaluation of all directors were favorable, indicating that the effectiveness of the Board of Directors had been maintained. The transition to a company with a nominating committee, etc., which took place in June 2023, contributes to improving the effectiveness of the Board of Directors. On the other hand, it was confirmed that there is room for improvement in the Kurita Group's long-term direction and discussions from the perspectives of diverse stakeholders, including the Board of Directors' supervision of individual key management issues, such as the promotion of DX and innovation activities.
Issue
The Kurita Group's long-term direction needs to be made specific from the perspectives of diverse stakeholders, so as to ensure the appropriate supervision of growth strategies taken by Executive side.
Measures
- Create opportunities to deepen understanding of the global trend in the water business, so as to clarify the Kurita Group's long-term direction from an objective viewpoint.
- Focus efforts on finding opinions to and expectations for the Kurita Group from stakeholders other than shareholders and investors, based on reports, etc. from management, and deepen understanding of them.
- Clarify the Kurita Group's long-term vision from a medium- to long-term perspective, based on integrated thinking which reflects viewpoints of diverse stakeholders.