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. After transition to a Company with an Audit and Supervisory Committee in 2016, the ratio of Outside Directors is at least one-third. 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.

Corporate Governance Guidelines (PDF: 186KB)別ウィンドウで開く

Corporate Governance Report (Submitted to the Tokyo Stock Exchange) (PDF: 521KB)別ウィンドウで開く

History of initiatives to strengthen corporate governance

Changes in the number of the Members of the Board of Directors

Adoption of “Company with an Audit and Supervisory Committee” as a governance system

Murata Manufacturing Co., Ltd. adopted the Company with an Audit and Supervisory Committee structure as a corporate governance system.
In a company with an Audit and Supervisory Committee, a Board of Directors may delegate decisions on important matters for execution to Executive Directors. Delegating decisions on individual matters for execution to Executive Directors enables swift management decisions and flexible execution of duties. We believe this arrangement also helps strengthen the Board of Directors’ functions where as it enables the Board to focus more on discussion and monitoring of the company’s management policies and business strategies.
In addition, Members of the Board of Directors who are Audit and Supervisory Committee Members hold voting rights on agendas at the Board of Directors and rights to express their opinions as the Audit and Supervisory Committee concerning appointment and remuneration of Members of the Board of Directors at General Meetings of Shareholders. We believe that this ensures strong supervisory functions by Executive Directors.


Table of contents

Overview of Murata's Corporate Governance System

  • Structure of corporate governance system
  • Composition of the Board of Directors, etc.

History of initiatives to strengthen corporate governance

  • History of initiatives to strengthen corporate governance
  • Changes in the number of the Members of the Board of Directors

Nomination of candidates for Members of the Board of Directors

  • Nomination policies
  • Nomination procedures
  • Executives

Remuneration for Member of the Board of Directors

  • Policies regarding remuneration
  • Procedures for determining remuneration