Corporate Governance

Corporate Governance Basic Policy

At Nippon Shinyaku, we recognize that it is a critical management priority to fulfill our accountability to all stakeholders, by securing the transparency of management in order to raise our corporate value through social contributions. This makes it essential for our corporate governance to function effectively, and we are committed to further expanding the framework for internal control, compliance, and risk management.

The Company shall,

  • (1) Respect the rights of shareholders and ensure the equality
  • (2) Have a responsibility to all stakeholders including shareholders and cooperate the stakeholders appropriately.
  • (3) Disclose Company information timely and properly, and ensure transparency and equality of decision-making.
  • (4) Make effective use of management resources and augment management activities by prompt and resolute decision-making.

Additionally, as of December 15th in 2015, the Company laid down “ Corporate Governance Basic Policy ” in which basic ideas and policies were consolidated.

Overview of Framework for Corporate Governance

The Company is a Company with Auditors which consists of 12 Directors including 4 external directors and 4 Auditor & Supervisory Board Members (Corporate Auditors) including 2 outside auditors.
To clarify the management responsibility and establish the optimal management system against changes of management circumstances agilely, the Company requires the Directors to serve one-year term.
The Company appoints 4 external Directors to further strengthen oversight of company operations by the Directors and strive to further progress the management transparency and objectivity. The Company adopted an auditor system in which Auditor & Supervisory Board Members shall attend all Board meetings and critical meetings on business. The Company ensures the independence of 2 outside auditors from the Company and the management oversight function by Audit & Supervisory Board.

Organization for Corporate Governance

Organization for Corporate Governance

Basic Policy on Internal Control System

The Company is striving to act with higher ethical sense, putting human dignity first and taking consistently into consideration of social contribution. The Company recognizes the aforementioned is involved closely to the progress of corporate value. Internal control system is a measure to achieve it and shall be practiced by all the people who comprise a business organizer. The reliability of financial reporting shall be ensured based on compliance with law and enhancement of effectiveness and efficacy in business. The Company thinks that internal control system shall provide the rational assurance, aiming at its goal to ensure the above reliability.