Business
Aica Kogyo : Corporate Governance Report
Aica Kogyo : Corporate Governance
About this update from Aica Kogyo Company, Limited
[{"type":"text","content":"Corporate Governance ReportJuly 4, 2025Aica Kogyo Co., Ltd.Kenji Ebihara Representative Director and PresidentContact: General Affairs Department, +81-52-533-3132Securities Code: 4206 https://www.aica.co.jp/Note: This is a translation of the Japanese language original for convenience purpose only, and in the event of any discrepancy, the Japanese language original shall prevail.The corporate governance of Aica Kogyo Co., Ltd. (“AICA”) and / or AICA Group Companies (AICA and AICA Group Companies are jointly referred “AICA Group”) is described below.Basic Views on Corporate Governance, Capital Structure, Corporate Profile and Other Basic InformationBasic ViewsAICA Group seeks to ensure and improve the value of AICA and the common interests of our shareholders through the enhancement of corporate governance at each of our Group companies, including our subsidiaries in Japan and overseas. In June 2020, AICA transitioned from a Company with Board of Auditors to a Company with Audit and Supervisory Committee. The Audit and Supervisory Committee, more than half of whose members are outside directors, is responsible for auditing and supervising the legality and appropriateness of the execution of duties by directors for the realization of more transparent management. In this way, AICA aims to strengthen our corporate governance further and also to build a framework that will more appropriately meet the expectations of our stakeholders in Japan and overseas. AICA has also established a Governance Committee as an advisory committee to the Board of Directors. This committee is chaired by an outside director and a majority of the members are outside directors. The Governance Committee deliberates on key matters concerning governance, including the appointment and remuneration of management executives, with the aims of sustainable growth, medium to long-term improvement of corporate value, and further enhancement of governance functions.[Reasons for Non-compliance with the Principles of the Corporate Governance Code]----[Disclosure Based on the Principles of the Corporate Governance Code]Principle 1.4 Cross-ShareholdingsAICA acquires and holds shares of companies such as business partners if AICA determines that it will contribute to the improvement of AICA’s corporate value from the perspectives of building and enhancing relationships with ...