Epson has strove to continuously enhance and strengthen corporate governance that realizes transparent, fair, timely and decisive decision-making to promote sustainable growth and increase corporate value over the mid- to long-term, with the appointment of more than one Outside Director and the establishment of a Director Nomination Committee and a Director Compensation Committee as discretional advisory bodies for the Board of Directors.
After acquiring approval at the 74th Ordinary General Meeting of Shareholders held in June 2016, Epson made the transition to a company with an Audit & Supervisory Committee to enhance the effectiveness of its corporate governance by further improving the supervisory function of and enhancing discussions at the Board of Directors meetings, as well as by speeding up decision-making in management.
Corporate Governance Policy (170KB)
Principles of Corporate Governance
- Respect the rights of shareholders, and secure equality.
- Keeping the interests of shareholders, customers, communities, business partners, employees and other stakeholders in mind, work in an appropriately cooperative manner with them.
- Disclose company information as appropriate and ensure transparency.
- Directors, Executive Officers, and Special Audit & Supervisory Officers shall be aware of their fiduciary responsibilities and shall fulfill the roles and responsibilities expected of them.
- Epson shall engage in constructive dialogue with shareholders.
Corporate Governance structure
Epson has transitioned to a company with an Audit & Supervisory Committee, clearly separating the functions of management oversight and management execution. The new structure aims to reinforce the management oversight function while ensuring quick decision-making in management execution.
The governance structure is described below.