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Governance
Based on the Kansai Paint Group’s Mission Statement within our Corporate Philosophy, “we leverage superior technology to contribute to our Customers and Society, in a sustainable manner, with innovative Products and Services, through a competent workforce, built on a culture of Customer Focus, Integrity and Respect to our Stakeholders,” we are working to enhance our mid- to long-term corporate value.
To this end, with the recognition that enhancing corporate governance is an important management task, we are striving to establish a corporate governance organization as described below, in order to establish a highly sound, transparent, and efficient management system, including fulfilling the management’s responsibility and accountability toward the shareholders and other stakeholders.
For details: Policies and initiatives concerning the corporate governance code (Japanese only)
In order to contribute to our sustainable growth and the enhancement of our mid- to long-term corporate value, and also to ensure the mutual prosperity of various stakeholders, including shareholders, employees, customers, business partners, and the local community, we will continue working to strengthen corporate governance while adapting to revisions to various laws, regulations, and listing rules, as well as changes in the economic environment.
2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
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Organization | 2011 Introduced an executive officer system |
2016 Held an Evaluation Committee meeting |
2017 Held a Nomination Committee meeting |
2021 Reorganized into a 6-unit structure |
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Composition of the Board of Directors |
2011 Reduced the number of Board of Directors members from 20 to 11 |
2013 Appointed one outside director |
2015 Appointed two outside directors (including one female outside director) |
2017 Shortened the term of the Board of Directors from two years to one year |
2019 Appointed three outside directors (including one female outside director and one non-Japanese outside director) Outside directors account for 1/3 of all the Board of Directors |
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Remuneration system |
2015 Introduced a performance-linked remuneration system using the shareholding association |
2017 Introduced a performance-linked, stock-based remuneration system (trust-type) in place of the system introduced in 2015 |
2022 Revised the executive remuneration system |
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Others | 2015 Formulated and disclosed our policy and initiatives concerning the Corporate Governance Code |
2018 100th anniversary Renewed our Corporate Philosophy |
2021 Organized Sustainability Promotion Committee and Compliance Promotion Committee |
Evaluation Committee
Nomination Committee