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The Company endeavors to improve the effectiveness of the Board of Directors by conducting an analysis and evaluation of the effectiveness of the Board of Directors once a year as a whole and discloses an overview of the procedure and results.
A questionnaire for all Members of the Board of Directors and interviews with Outside Directors were conducted and the analysis and evaluation were conducted through multiple discussions in the Board of Directors, making reference to the results of the questionnaire and interviews. Through conducting the questionnaire and interviews, various confirmations were carried out regarding the composition of the Board of Directors, agenda items submitted to meetings, status of deliberation, participation stance of the Directors, operation of each committee including voluntary advisory committee, and other matters regarding the operation of the Board of Directors. These were carried out by a third party.
In the previous evaluation of effectiveness, the following points were recognized as having some challenges and problems and expected further improvement.
Based on the above, we have mainly promoted the following initiatives in fiscal 2022.
With use of the analysis and reports of the questionnaire results and interview content conducted as described in (1) above, and discussions held by the Board of Directors in reference thereto, the Board of Directors of the Company has been assessed to be functioning with sufficient overall effectiveness in consideration of its duties and obligations.
On the other hand, it was recognized that mainly for the following points, there are some challenges and problems, and that further improvements are expected, and further efforts are needed in the future.
Based on the results of these evaluations and challenges to be considered, the Company will mainly take the following actions in fiscal 2023.
The Company will continue working to further improve the effectiveness of the Board of Directors.
Overview of Murata's Corporate Governance System
History of initiatives to strengthen corporate governance
Nomination of candidates for Members of the Board of Directors
Remuneration for Member of the Board of Directors
Analysis and evaluation of effectiveness of the Board of Directors
Internal control system