HOME > Investor Relations > Management Policy > Corporate Governance

Corporate Governance

J-Oil Mills is working to enhance its corporate governance, seeking to realize honest and transparent management that wins the trust of our stakeholders.

Basic Thinking Regarding Corporate Governance

At J-Oil Mills, we believe that it is essential to maintain a solid and robust corporate governance system to enable us to promote sound, honest, and transparent management in order to realize our Corporate Philosophy, “Joy for Life – Make Life Tasty, Happy.” In addition to establishing and constantly strengthening management oversight and auditing and internal control systems, in addition to boosting our level of compliance, we are practicing management that ensures fairness and soundness in our business. We are also strengthening our compliance system and risk management system, promoting CSR management, and responding to the expectations of society by presenting economic, social, and environmental values.

Overview of corporate governance

Organizational Form

Company with Board of Corporate Auditors

Chairman of the Board

Fuminao Hachiuma (President & CEO)

Number of Directors

9 (5 Outside Directors, including 3 Independent Directors)

Number of Auditors

4 (2 Outside Auditors, including 1 Independent Auditor)

Status of holding of Board Meetings

(Record for fiscal 2018)

Number of times: 18

Status of holding of Auditors’ Meetings
(Record for fiscal 2018)

Number of times: 24

Voluntary established committees corresponding to nominating committee and remuneration committee

In order to increase the independence and objectivity of the functions of the Board of Directors and further enhance accountability, we have established a Remuneration Advisory Committee, which deliberates on the remuneration offered to Directors and Executive Offi cers, etc. and provides recommendations and advice to the Board of Directors, and a Nomination Advisory Committee chaired by an Outside Director, which deliberates on the appointment or dismissal of Directors and Executive Offi cers, etc. and provides recommendations and advice to the Board of Directors.

● Nomination Advisory Committee: 4 members (1 Director and 3 Outside Directors)

● Remuneration Advisory Committee: 5 members (1 Director and 3 Outside Directors and 1 Outside Directors)

Appointment of Directors and Auditors

Directors and Auditors are appointed by the Board of Directors based on the results of consultation by the Nomination Advisory Committee, an advisory body for the Board.

Number of Independent Officers

3 Outside Directors and 1 Outside Auditor (*Independent Officers based on the rules of the Tokyo Stock Exchange)

Decision on Remuneration, etc.

Remuneration, etc. is decided by the Board of Directors based on the results of consultation by the Remuneration Advisory Committee, an advisory body for the Board

Corporate Governance System

Corporate Governance System
(As of July 1, 2019)

Disclaimer

Copyright © J-Oil Mills, INC. All Rights Reserved.