SBI Shinsei Bank, Limited (hereinafter “the Bank”) has established a corporate governance framework as a Company with an Audit & Supervisory Board, recognizing that enhancing corporate governance is one of the highest priorities to achieve our management principles. This structure aims to establish a corporate governance framework with sufficient organizational checking functions as well as ensuring appropriate managerial decision-making and business execution. We aim to achieve this through the following actions:
- Setting the basic direction of the Bank and establishing an environment where appropriate risk-taking by the senior management is supported through decision-making by the Board of Directors, the highest managerial decision-making body, on important corporate business execution matters such as basic management policies including medium-term plans and annual plans
- Assigning auditing of the Board of Directors to Audit & Supervisory Board Members and the Audit & Supervisory Board that are independent of the Board of Directors
The Bank has also established the non-compulsory Nomination and Compensation Committee to further enhance the objectivity and transparency of the Board functions.
Fully recognizing that our sustainable growth and the creation of mid- to long-term corporate value are brought about a result of the provision of resources and contributions by various stakeholders including shareholders, employees, customers and local communities, the Bank will cooperate appropriately with these stakeholders. The Bank will also strive to provide useful information about our management in voluntary, timely, continuous and fair way to obtain appropriate evaluation from the market and society, as well as facilitating our stakeholders to have an accurate understanding of our management status and management policy with enhanced transparency.
