As the “World's Most Inspiring Entertainment Group,” BANDAI NAMCO will continue to provide “Dreams, Fun and Inspiration” to people around the world through entertainment based on creativity and boundless enthusiasm. Our highest priority is the provision of benefits to all stakeholders who support our business activities. We believe that in striving to maximize enterprise value over the long term, bolstering corporate governance is an important management issue.
The Company is working to enhance the supervision of management. The board of directors includes 9 members, of whom 3 are outside directors. Moreover, in order to ensure that the Company responds to changes in the management environment as promptly as possible and to further clarify the responsibilities and awareness of directors, the term of directors has been set at one year or less.
The Company uses the statutory auditor system. The board of statutory auditors comprises four auditors, of whom two are outside auditors. Two of the statutory auditors are full-time. In accordance with the allocation of responsibilities as determined by the board of auditors, each statutory auditor conducts audits, working with the independent auditors as needed.
The Internal Auditing Division rigorously audits business execution, and the independent auditors provide account auditing. With close interaction centered on the statutory auditors, the Company's internal control systems are continually monitored, and all issues are identified and understood and recommendations for resolving those issues are provided.
| Meeting Name | Schedule | Agenda / Purpose | Participants |
|---|---|---|---|
| Board of Directors | Monthly | Resolutions and reports on matters prescribed by the Company Law. Resolutions, deliberations, and reports on matters related to the BANDAI NAMCO Group. |
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| Group Strategy Committee | Monthly | Reports on BANDAI NAMCO Group business affairs and deliberations on business issues and problems. |
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| Waigaya Meeting | Weekly | Weekly reports on divisions supervised by NAMCO BANDAI Holdings'directors. |
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As shown in the table above, the Company holds a variety of top management meetings and has established a system that facilitates rapidly tracking and responding to Group management information. Moreover, the Company has established the Personnel Committee. Outside directors represent half of the members of this committee, which objectively and neutrally considers personnel and compensation issues regarding directors of the Company as well as other matters that are referred to it.
In addition, we hold regular meetings of the Compliance Committee, which is led by the president. This committee is in charge of monitoring and supervising important issues related to compliance and has established a system to prevent violations of laws and regulations and to ensure prompt action in the event of any incidents that could be a legal or regulatory violation.
In crisis management, the Crisis Management Committee, which is led by the president, meets as needed and works on behalf of the BANDAI NAMCO Group to prevent crisis situations and to ensure a prompt response if such situations do occur.
The Group comprises five Strategic Business Units (SBUs) and the affiliated business companies, which principally provide support to the SBUs. In each SBU, operating strategies in Japan and overseas are formulated and implemented, centered on the SBU's core company.
The Company, which is a holding company, monitors each SBU; holds meetings of Groupwide committees, such as the Group Strategy Committee, and the Group CSR Committee; and formulates strategies for the Group as a whole.
To further enhance its internal control systems and to provide a sound foundation for internal control on a Groupwide basis, the Group has established basic policies in each of the following areas and is working to bolster its internal control systems.
