Enhancing the corporate governance framework

Promote Auditing for Company with Board of Statutory Auditors

Ensuring the effectiveness of existing Broad of Company Auditors, and auditors in the Board of Company Auditors audit the business execution for directors.

Establishment of the Nomination Advisory Committee and the Compensation Advisory Committee

The Nomination Advisory Committee on which independent outside directors have the majority shall give advice and recommendations concerning nomination of officers and determination of compensation to the Board of Directors.

Establishing the Outside Directors

Outside Directors observe the management strictly with their professional knowledge and experiences.

Introducing the Executive Officer System

Achieving efficient and functional management by delegate authority for business execution to Executive Officers.

NITTAN Governance Framework

Promotion of the compliance framework

Formulation of the global compliance program

Top management commits to compliance and establishes the global management framework

Establishment of Governance Committee

Set up Governance Committee designed to raise compliance awareness and ensure legal and regulatory compliance

Establishment of the compliance officer

Appoint a person in charge of compliance in each group company and each department of NITTAN; define responsibility and promote the detailed management framework

Improvement on internal control systems

Ensuring clear and rigorous implementation of decision-making procedures based on rules for requesting an approval.

Institute rules for the Board of Directors' and for requesting an approval to ensure quick and visible formulation of business management decisions

Introduction of the global whistle-blower system

Establishment of the global whistle-blower system as global hotlines with inside and outside organization enables direct access to NITTAN top management

Enhancement of internal audit function

Create a standalone internal audit section answerable directly to the President to achieve effective and efficient internal audit function