- Basic Policies
- Corporate Governance Structure Scheme
- Committees on Corporate Governance
- Outside Directors and Outside Audit & Supervisory Board Members
- Remuneration of Directors and Audit & Supervisory Board Members
- Whistleblowing System
- Internal Control Systems
- Evaluation on the Effectiveness of the Board of Directors
Thorough observance of the NGK Group Code of Conduct
To ensure appropriate operations and transparent management, NGK has set its sights on establishing and maintaining an organization capable of swiftly responding to changes in the business environment, and a fair and open management system emphasizing the interests of shareholders. These components make up NGK's basic approach to corporate governance.
To put this approach into practice, NGK has chosen a corporate governance structure anchored by an Audit & Supervisory Board. In addition to the General Meeting of Shareholders, the Board of Directors, and the Audit & Supervisory Board, NGK corporate governance includes the Executive Committee and several other committees established to assist the president in management decision-making. These bodies help to enhance governance efficacy by deliberating and reviewing important matters.
In recognition of needs to execute swift and optimal decision-making and respond promptly to changes in the operating environment, NGK introduced an executive officer system, thus separating the management decision-making and supervision functions from business execution functions, and clearly defining the responsibilities of both.
Furthermore, to strengthen the supervision and monitoring functions of the Board of Directors, major committees among those tasked with mitigating the various risks surrounding NGK are obligated to report to the Board of Directors. NGK has also established a committee scheme, including a Nomination and Compensation Advisory Committee, a Corporate Council, a Conference of Outside Directors and Outside Audit & Supervisory Board Members, and a Business Ethics Committee to ensure the effectiveness of the Corporate Governance Code.
In addition, we have formulated the NGK Group Code of Conduct to stipulate how everyone working for the NGK Group should execute their jobs so that they abide by society's laws and the company's articles of incorporation and comply with corporate ethics. All executives and employees are well versed in the code and are obligated to abide by it. To reflect changes in society since the previous revision, in January 2019 the NGK Group Code of Conduct was revised with an emphasis on respect for human rights, thorough compliance, and the realization of a sustainable society through business activities.Corporate Governance Report
Corporate Governance Enhancement
Ongoing structural enhancements aimed at strengthening corporate governance include the introduction of an executive officer system and an outside director system to improve the management supervision and monitoring functions and facilitate recommendations with respect to overall management.
|April 1999||Formulated NGK Code of Conduct|
|April 2003||Revised guidelines into NGK Group Code of Conduct|
|June 2005||Introduced an executive officer system|
|Introduced a stock option|
|Introduced an outside director system|
|July 2005||Established the CSR Committee|
|April 2007||Established the CSR Office|
|June 2010||Appointed independent directors|
|July 2011||Revised NGK Group Code of Conduct|
|April 2015||Signed on to UN Global Compact|
|June 2015||Established the Global Compliance Office|
|December 2015||Established committees for corporate governance|
|June 2017||Appointed one additional outside director|
|October 2018||Appointed a chief compliance officer|
|January 2019||Revised NGK Group Code of Conduct|