Notice Concerning Summary of Evaluation Results of the Effectiveness of the Board of Directors
April 27, 2023
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Under its Corporate Governance Code, Artner Co., Ltd. (“the Company”) periodically analyzes and evaluates the effectiveness of its Board of Directors in order to make it work better.
On this occasion, we carried out analysis and evaluation for the fiscal year ended January 31, 2023, and hereby notify the summary of the findings.
1. Evaluation method and process
A questionnaire survey to evaluate effectiveness for the fiscal year ended January 31, 2023, was distributed to all eight directors. Based on the responses collected, the Board of Directors discussed its issues and actions to address them.
2. Evaluation items
The Company conducted a 31-item questionnaire survey to evaluate effectiveness. The survey asked members of the Board to make a self-evaluation by giving comments and grading on a point scale.
The survey focused on the following five areas:
a.The composition of the Board of Directors
b.Planning, convening, and administration of board meetings
c.Matters selected for deliberation at board meetings
d.Administrative assistance provided to the Board of Directors
e.Relationships with shareholders
3. Summary of analysis and evaluation results
The Company has found from the most recent survey results that the effectiveness of its Board of Directors has been maintained.
The Nomination and Remuneration Committee discussed and reported to the Board of Directors the basic policy on the requirements, qualifications, and education for the President and CEO, directors, and other executives as the main items for deliberation, and confirmed the need for continuous discussion. It was also confirmed that important agenda items for the Board of Directors, such as the Medium-Term Business Plan and risk management efforts, require discussion on medium- and long-term strategies and appropriate supervision of the progress of each measure.
4. The way forward
The Board of Directors will take the necessary actions to address some remaining issues identified from the survey to continue to enhance its effectiveness.
