Ensuring Effective Governance
Reason for Priority
Engaging in business activities globally requires that we forecast and respond to the various risks and opportunities from a medium- to long-term perspective. The ability to respond to the various requests of stakeholders is also required. It is essential that we strengthen governance based on these perspectives.
Strengthening governance is one of the important challenges for a company, and it is necessary to build a corporate governance system that ensures transparency and discipline to become a company that is trusted not only by investors but also by diverse stakeholders.
Nikon has implemented initiatives aimed at strengthening governance, including transitioning to a company with an audit and supervisory committee structure and increasing the number of external directors on the Board to more than one-third.
In the year ending March 31, 2020, we will work to strengthen the supervisory functions of the independent external directors and the secretariat functions of the Board of Directors, in addition to establishing a Nominating Committee.
Chairman of the Board
Main initiatives and results in the fiscal year ended March 31, 2019
Established a Nominating Committee
Nikon deliberated on the establishment of a voluntary nominating committee to ensure that the election and removal of Directors and Officers would be decided in a transparent, objective manner; following this deliberation, the Nominating Committee was formally established in May 2019. The Nominating Committee acts as an advisory body for the Board of Directors, a majority of the Committee comprises External Directors, and the Committee is chaired by an External Director.
The Nominating Committee formulates criteria for the election and removal of the President and Directors, nominates candidates, considers the composition of the Board of Directors, and oversees the evaluation and assignment of Officers.
Information security handy cards and pamphlets for business partners
The Nikon Group is aware that indifference to our business partners' information management could lead to serious information security risks, given that we may disclose information to them.
In the fiscal year ended March 31, 2019, as we had done in the previous year, we once again distributed around 300 handy cards detailing expectations regarding information security for the reference of relevant personnel at companies that undertake work on behalf of the Nikon Group, and we also began publishing the Information Security Report (a pamphlet for contractors) as a new tool, with a total of around 1,200 copies being distributed.
Nikon Sustainability Report
For more details, please see the Nikon Sustainability Report.
In cooperation with the international community, Nikon conducts control of EXPORT.