Corporate Governance
Enhance enterprise value by increasing transparency and ensuring the fairness and independence of corporate management.
The basic policy and purpose of the Wacoal Group’s corporate governance is to continuously enhance enterprise value by increasing transparency and ensuring the fairness and independence of corporate management in order to build “mutual trust” in relationships with every stakeholder, including shareholders, customers, employees, business partners, and local communities.
Overview of the Corporate Governance Structure (as of December 1,2022)
| Format | Audit & Supervisory Board system |
|---|---|
| Number of Directors | 6 |
| Of whom, External Director (Independent) | 3 |
| Term of Directors | 1 year |
| Number of Audit & Supervisory Board Member | 5 |
| Of whom, External Audit and Supervisory Board Member (Independent) | 3 |
| Number of independent officers | 6 |
| Participation of External Director (Independent) in determination of remuneration | Yes |
| Organizations to assist in decision-making | Executive Nomination Advisory Committee, Executive Compensation Advisory Committee |
| Key committees | Group Management Meeting , Management Isusses Review Meeting , Quarterly Achievements Review Meeting |
| Results-linked remuneration | Yes |
Corporate Governance Structure
Introducing Wacoal Group's corporate governance structure.
Corporate Governance Guidelines
Introducing Wacoal Group's corporate governance guidelines.
Corporate Governance Report
For details on Wacoal Group's corporate governance, please refer to the “Corporate Governance Report” filed with the Tokyo Stock Exchange.
Criteria for independence of outside director
Wacoal Group has established " Criteria to Ensure the Independence of Outside Officers " to clarify the standards of independence of outside directors and outside auditors.
Compensation of Executives
Introducing the Wacoal Group's Compensation of Executives system.
Policy on Strategic Shareholdings and Standards for Exercising Voting Rights
Introducing the Policy on Strategic Shareholdings and Standards for Exercising Voting Rights
Measures to Strengthen the Effectiveness of Corporate Governance
The Independent Outside Officers Meeting assesses the effectiveness of the Board of Directors, identifies issues, and promotes continuous improvement.
Criteria for independence of outside director
Wacoal Group has established " Criteria to Ensure the Independence of Outside Officers " to clarify the standards of independence of outside directors and outside auditors.