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Basic Stance on Corporate Governance

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.

  1. We will engage in constant value creation by providing banking services through the distribution network based on the post office, while continuously creating new convenience for customers, in pursuit of providing higher quality of service.
  2. Fully recognizing fiduciary responsibilities to shareholders, we will give consideration to ensure the rights and equality of shareholders in an appropriate manner.
  3. We will value the dialogue with all stakeholders including shareholders, and seek appropriate collaboration and sustainable coexistence therewith. To this end, we will ensure management transparency and strive for disclosure and provision of adequate information.
  4. In order to promptly adapt to changes in economic and social environment and meet the expectation of all stakeholders, we will make swift decision-making in a firm attitude and conduct businesses under the effective supervision by the Board of Directors.

Basic Policy on Corporate Governance

Basic Policy on Corporate Governance (PDF/357KB)

Reference Information

Policy for Determining Amount or Calculation Method of Compensation, etc., for Directors and Executive Officers

Corporate Governance Report

Corporate Governance Report (PDF/1,138KB)

Compliance with the Corporate Governance Code

The Bank has entirely implemented each principle of the Corporate Governance Code.

Policies for Cross-Shareholdings

The Bank does not hold listed shares as cross-shareholdings.

Evaluation of Effectiveness of the Bank’s Board of Directors in FY 2023/3

1 Evaluation Method

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.

2 Summary of evaluation results

(1) Status of improvements made in response to the FY2021 effectiveness evaluation results

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.

(2) Effectiveness evaluation results regarding the FY2022 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.

3 Initiatives for the future

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.

Reference Information
Main agenda items discussed by the Board of Directors in FY2023/3

  • Risk Appetite Statement
  • Formulation of FY2024/3 management plan
  • Promotion of FY2023/3 management plan
  • Promotion of sustainability
  • Upgrade and expansion of the corporate governance systems
  • Establishment of the Risk Committee
  • Strengthening of compliance system
  • Customer-oriented service improvements
  • Promotion of measures to counter money laundering / the financing of terrorism and proliferation financing
  • Strengthening of IT governance systems / cyber security management systems
  • Initiatives for the Σ Business
  • Status of core system renewal project in May 2023
  • Operational status of the "Basic Policies for the Internal Control System"
  • Establishment of the Basic Policy on Internal Auditing
  • Offering shares of the Bank’s common stock held by JAPAN POST HOLDINGS Co., Ltd., and the repurchase and cancellation of the Bank’s shares

ESG Data

ESG-Related Information Index