T-Gaia's basic policies regarding corporate governance and their implementation status.
The Basic Policy on Corporate Governance
We basically regard corporate governance as the framework for ruling corporate activities, and think that it is important to protect and equally ensure rights as well as interests of our shareholders. Moreover, we need to respect rights and interests not only of our shareholders but also of all stakeholders such as our customers, business partners, employees and local society to develop corporative relations with them. Specifically, we are promoting daily operations in order to construct the framework and produce a material result from the both viewpoint of “ensuring management transparency” and “preserving/increasing corporate value”. To ensure management transparency, we have a policy to define roles of the board of directors/auditors and their decision-making process, and also to ensure “timely fair disclosure” with regards to important facts that may affect corporate management.
We have adopted “Company with corporate auditors” system, in which our corporate auditors specialized in corporate management, finance, accounting, legal work, etc. strictly conduct an audit in corporation with Internal Audit Department and our auditing firm, in order to ensure that appropriateness of business operations is achieved. Furthermore, both Nominating Advisory Committee and Compensation Advisory Committee have been set up as the advisory panel to our board of directors to increase management transparency.
