Corporate Governance Policy
The Olympus Group strives to realize better health and happiness for people by being an integral member of society, sharing common values, and proposing new values through its business activities. We call this aim "Social IN" and make it the core philosophy that underlies all of our activities.
In accordance with this philosophy, the Board of Directors seeks to develop, operate, and continuously improve the corporate governance structure to ensure the appropriateness and reliability of financial reporting and the effectiveness and efficiency of business operations.
Basic Policy for Corporate Governance
The Olympus Group has created the basic policy for Corporate Governance based on the principals of Japan's Corporate Governance Code.
Our policy for corporate governance facilitates appropriate decision making by the Board of Directors for sustainable long-term growth. The Board approved this policy as part of fulfilling the company's fiduciary responsibility to shareholders and its overall responsibilities to stakeholders, including clients, employees and local communities.
Policy for Improving the System and Initiatives for Promoting Constructive Interactions with Shareholders
- 1. Basic Policy
For the purpose of our company's continuous development and improvement of mid- to long-term corporate value, our company, centering on the president and the financial officer, actively conducts constructive interactions with shareholders. The IR department assists such initiatives through internal information exchange and improving the system for providing shareholders' opinions as feedback, etc. to the upper management team.
- 2. Policy for Interactions by the President and Financial Officer
The President and the financial officer play a central role in conducting overall interactions with shareholders toward the realization of constructive interactions. Specifically, the President and the financial officer will proactively establish opportunities for direct interactions with shareholders by conducting the following in addition to individual interviews with shareholders: briefing sessions for every quarterly settlement, small meetings, telephone conferences with overseas investors, domestic and international road shows on a regular basis, and participation in conferences held by securities firms, etc.
- 3. Policy for IR Activities by the IR Department
By putting the IR Department in charge of IR activities, our company actively implements IR activities toward solid interactions with shareholders. Specifically, in addition to conducting individual interviews at any time as requested by shareholders, our company will regularly implement IR events, such as briefing sessions for individual investors and facility tours. Moreover, we will actively provide information to shareholders through the website, annual reports, business reports for shareholders and the Convocation of the General Meeting of Shareholders, etc.
- 4. Policy for Improving the Internal Information Exchange System by the IR Department
The IR department, as needed, exchanges information with the Corporate Planning Dept., the General Affairs Dept., the Financial Affairs Dept., the Accounting Dept. and the Legal Affairs Dept., etc. on a daily basis, and establishes a project team if necessary, in order to build a coordinated collaboration system. Moreover, the IR department reports shareholders' opinions and concerns obtained from interactions with shareholders centering on institutional investors at the management and executive management committee as well as the board of directors meeting, if necessary. Thereafter, the contents of such opinions and concerns will be discussed.
- 5. Policy for Insider Information Management when Interacting with Shareholders
In accordance with the "Regulations for Insider Trading Prevention," insider information is strictly managed. When interacting with shareholders, the IR department issues a reminder to the person in charge of the interaction, thereby preventing the divulgence of insider information.
If it is judged that listed shares will contribute to the improvement of our group's corporate value in the mid- to long-term, then, upon verifying the economic rationality and the future prospects for the mid- to long-term, our company will hold the listed shares. Every year, the board of directors will verify the rationality and necessity of holding our major policy shareholdings in light of the returns and risks of holding such policy shareholdings from a mid- to long-term perspective, and based on that verification, confirm the target and rationality of holding such policy shareholdings. Moreover, in order to exercise shareholders' rights regarding policy shareholdings, our company will exercise its voting rights on all agenda items, and from the viewpoint of improving the mid- to long-term corporate value of an enterprise issuing such shares, will consider said enterprise's financial condition and decide appropriately about whether to approve or disapprove each agenda item.
Corporate Governance Report
The Olympus Group submits a compilation of our corporate governance situation the "Corporate Governance Report" to the Tokyo Stock Exchange.