Overview of Murata’s Corporate Governance System

●Board of Directors
The Board of Directors decides on our basic management direction and particularly important matters for execution, and supervises duties implemented by Member of the Board of Directors.
At present, the Board of Directors is made up of 13 Members, of whom 5 are Independent Outside Directors. Independent Outside Directors represent more than one-third of the Board of Directors.

●Audit and Supervisory Committee
The Audit and Supervisory Committee audits duties implemented by Members of the Board of Directors and may state their opinions in relation to appointment and remuneration of Member of the Board of Directors at General Meetings of Shareholders.
At present, the Audit and Supervisory Committee is made up of 4 members, of whom 3 are Independent Outside Directors. Three of the Members of the Board of Directors who are Audit and Supervisory Committee Members possess a considerable degree of knowledge in the areas of finance and accounting. The Committee has one fulltime member who shares information concerning the status of operations and corporate finances with part-time members.

●Nomination Advisory Committee/Remuneration Advisory Committee
These Committees have been established as advisory bodies for the Board of Directors in order to enhance its independence, objectivity, and accountability in relation to the nomination and remuneration of executives.
The members of these committees are selected by the Board of Directors from among Members of the Board of Directors, and include multiple Independent Outside Directors.