Corporate Governance

    At Murata, we position corporate governance as one of our most important management focuses. Seeking to realize sound corporate growth and development while also considering all our stakeholders, we work constantly to establish and ensure the efficient functioning of optimal management systems.
    Furthermore, with the purpose of contributing to sustainable growth and increasing corporate value over the medium to long term, Corporate Governance Guidelines have been established as basic principles underlying corporate governance.

    Corporate Governance Guidelines (PDF: 157KB)

    Moreover, we confirmed the status of our implementation of the principles of Japan’s Corporate Governance Code, which sets out the major principles for effective corporate governance, and submitted a Corporate Governance Report to the Tokyo Stock Exchange.

    Corporate Governance Report (Submitted to the Tokyo Stock Exchange) (PDF: 883KB)

    History of initiatives to strengthen corporate governance

    Based on the idea that it is important to adopt “perspectives from outside the Company,” we first appointed Outside Statutory Auditors in 1971 and Outside Directors in 2001.
    In recent years, we have enhanced the diversity of Outside Directors and increased the ratio of Outside Directors. When the Company adopted "Company with an Audit and Supervisory Committee" structure in 2016, the ratio of Outside Directors was set at one-third or more. The ratio is now set at more than 50% from 2024. In addition to appointing outside executives, we are making efforts to strengthen our corporate governance by steadily taking measures as below, in order to strengthen executive and supervisory functions and increase the transparency of management.

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    Table of contents

    Murata’s Corporate Governance System

    • Organizational design (Company with an Audit and Supervisory Committee)
    • Structure of corporate governance system
    • Internal control system

    Board of Directors

    • Role
    • Composition
    • Skill Matrix
    • Activities

    Analysis and evaluation of effectiveness of the Board of Directors

    • Challenges recognized in the fiscal 2023 evaluation of effectiveness and fiscal 2024 efforts to address those challenges
    • Process of the analysis and evaluation
    • Results of the analysis and evaluation
    • Future initiatives

    Audit and Supervisory Committee

    • Role
    • Composition

    Nomination of candidates for Members of the Board of Directors

    • Criteria for selection
    • Nomination procedures
    • Nomination advisory Committee
    • Criteria for Independence of Outside Directors

    Remuneration for Member of the Board of Directors

    • Remuneration program
    • Procedures for determining remuneration
    • Remuneration Advisory Committee

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