Corporate Governance
Through reliable operation of its Basic Policy about Internal Control System, NST further enforces its corporate governance, ensures “compliance with laws and ordinances,” “reliability of financial reporting,” and “effectiveness and efficiency of operations,” and aims to improve it continuously.
NST has also adopted the Executive Officer System and aims at the efficient operation of the Board of Directors by separating the function of decision-making and supervision and the function of business execution, and has adopted a system to promptly cope with changes in the management environment.
Board of Directors
The Board of Directors is composed of all Directors and in general meets once a month. It decides important matters regarding company management, and supervises the execution of duties by the Directors.
Main topics for the Board of Directors in FY2024
- Appointment of key personnel and business execution structure
- Resolutions for the Regular General Meeting of Shareholders
- Annual, quarterly, and monthly financial results
- Formulation of a budget for the year and the second half
- Important issues for investment and other business strategies
- Implementation status of sustainability management
- Preparation and operation status of the internal control system
Audit & Supervisory Board Members
In order to monitor and supervise the execution of duties by the Directors, the Audit & Supervisory Board Members attend important meetings of the Board of Directors, the Management Meeting, and other committees, and can view all drafts and reports in the database. As necessary, they request reports from the Directors and others, and state their opinions.
Management Meeting
The Management Meeting is composed of Directors who also serve as Executive Officers or Advisors, and in general meets twice a month. It discusses important operational policies and other important matters related to company management, and advises the President. The meetings are also attended by Audit & Supervisory Board Members, who can state their opinions.
Establishment of committees within the governance system
In order to further promote corporate governance, we have established the Investment and Loan Committee, Sustainability Committee, and Risk Management Committee.
Internal audits
NST has established an Internal Control & Audit Department, and conducts regular internal audits of all divisions and companies. The risks and other matters identified by these audits are reported to the Risk Management Committee composed of directors, auditors, and members of related functional divisions, and this committee discusses the actions to take to address various risks.
In order to ensure the effectiveness of internal audits, audit plans and results are reported to directors at the Meeting of Auditors that is held twice annually.
Corporate governance promotion system
