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 Nisshin
Steel takes as one of its most important management challenges the
establishment of corporate governance on the themes of better management
reliability (transparency, fairness, responsibility), speedier decision-making,
and appropriate business execution, and we are working to strengthen
such governance. |
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| The
corporate governance system |
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| Our
company strives not just to comply with domestic and international
laws and rules, but to act conscientiously with respect for
social norms to maximize our corporate values through further
enhancement of our management's efficiency and reliability (transparency,
fairness, responsibility), and our goal is to become a company
chosen now and in the future by customers, shareholders, and
employees, and a company in harmony with other stakeholders
and with society in general. |
| Board
of directors and the business execution system |
| To
improve our corporate competitiveness through rapid decision-making
and proper business execution, we are introducing an executive
officers system featuring separation of management and business
execution, and clearer delineation of rights and responsibilities.
Under this arrangement, the board of directors will focus on
its original function of creating basic strategies and supervising
how business is conducted, while the business execution division,
led by the company president, carries out its duties in accordance
with the management concepts and management policies enacted
by the board of directors. Important matters of business execution
are decided after deliberation in a management meeting presided
over by the president of the company, who is the chief executive
officer. |
| Auditing
system |
| The
compliance of company actions with the law is ensured through
an audit by auditors the majority of whom are outside auditors,
and through an internal audit by an auditing office that is
independent of the business execution division. |
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Diagram
of the corporate governance system |
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