Management InformationCorporate Governance

Basic Principles on Corporate Governance

Based on the corporate philosophy, “By appreciating the originality and creativity of each individual and simultaneously integrating them at every phase/dimension of development, we continuously create new value,” our basic principles on corporate governance aim to contribute to our stakeholders including local community and society through sustainable business growth.
Seibu Giken Co., Ltd. and its affiliates/subsidiaries (hereinafter called “the Group”) recognizes that strengthening corporate governance is vital to realize this corporate philosophy and has established a corporate governance structure centered on the Board of Directors and the Audit Committee.
Furthermore, all employees including the senior management of the Group are committed to compliance, and we believe that we can achieve highly transparent and sound corporate management for our stakeholders while establishing a business execution structure that can promptly respond to changes in the business environment surrounding the Group.

Outline of the Corporate Governance Structure and Reasons for Adopting the Structure

Seibu Giken Co., Ltd. (hereinafter called “the Company”) has chosen to be a company with an Audit Committee to strengthen the supervisory function of the Board of Directors further. The Company also establishes a more effective corporate governance structure by having Directors who are Audit Committee Members holding voting rights at the Board of Directors meetings conduct audits.
In addition, the Company has established the Internal Audit Office, which has the role of conducting daily operational audits, etc., directly under the Representative Director, Executive President, and conducts internal audits to strengthen the supervision of management. Furthermore, the Company has appointed an External Auditor.
The Company has adopted the current structure based on the belief that mutual cooperation among these functions sustainably improve the Company’s corporate value and enable the governance structure to function effectively.
The Company previously introduced an executive officer system, in which executive officers were employed, to more clearly separate management-related decision-making and supervision from business execution. However, the Company has introduced a delegated executive officer system by resolution of the Board of Directors held on February 21, 2024, to improve the speed of decision-making and clarify responsibility for results. Going forward, the Company will work to further strengthen the governance system.

Corporate Governance Structure Chart

Corporate Governance Report

The Company has submitted a “Corporate Governance Report” to the Tokyo Stock Exchange.