With a view to its sustainable growth along with improvement of its corporate value over the medium to long term, JAPAN POST BANK attaches great importance to relationships with its all stakeholders, including shareholders, and will maintain its corporate governance system based on the following stance.
Basic Policy on Corporate Governance (PDF/357KB)
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Corporate Governance Report (PDF/1,138KB)
The Bank has entirely implemented each principle of the Corporate Governance Code.
The Bank does not hold listed shares as cross-shareholdings.
In regard to the Bank’s Board of Directors and each committee, we conduct a survey regarding its effectiveness as a whole, including a self-evaluation by each director. The survey for FY2022 was conducted from the perspectives of the composition and management of the Board of Directors and each committee, provision of information to and the support system for the outside directors, collaboration between the Board of Directors and each committee, and an overall evaluation. We held multiple discussions based on the results of this survey at the Board of Directors, after which we conducted an analysis and evaluation of the effectiveness of the Bank’s Board of Directors for FY2022.
In order to enhance the expertise and strengthen the supervisory function of the Board of Directors, in FY2022 we established the Risk Committee as an advisory body for the Board. Moreover, in order to ensure the Board can sufficiently conduct meaningful discussions, we revised the “Regulations of the Board of Directors”, and organized and clarified the matters to be resolved and reported on by the Board of Directors. In addition, we implemented measures intended to enhance discussions, including establishing mechanisms related to information sharing, improving materials through the introduction of standard formats, and securing sufficient meeting time for the Board of Directors.
The Bank’s Board of Directors comprises a majority of independent outside directors with diverse knowledge and experience. In FY2022, the Board of Directors engaged in vigorous discussions on important matters involved in the management strategy, including formulation of FY2024/3 management plan, establishment of the “Basic Policy on Internal Auditing”, upgrade and expansion of the corporate governance system, and capital policy regarding the offering of shares of the Bank’s common stock held by Japan Post Holdings Co., Ltd. and the repurchase and the cancellation of the Bank’s shares. In addition, from the perspective of ensuring the propriety of operations, we evaluate that the Board of Directors appropriately supervises business execution, and that the effectiveness of the Board of Directors as a whole has been ensured.
However, we are aware of issues that require ongoing improvements in regard to the Board of Directors’ management. Going forward, we will make every effort to further improve effectiveness through the measures outlined in Item 3.
Based on the evaluation results, from the perspective of further enhancing strategic discussions, we will continue to select agenda items in accordance with their degree of importance. In addition to presenting accurate information at the time of proceedings, we will enhance training and information sharing opportunities as an approach to further supporting the Board of Directors in acquiring expertise. Through these measures, we will work to further revitalize discussions at the Board of Directors’ meetings and to further enhance its supervisory function.
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