Corporate Governance Structure

Olympus is a company with Nominating Committee, etc. Our current corporate governance structure is as follows:

The Board of Directors consists of 12 members, of which 9 are independent outside directors. The term of directors is one year.

Olympus holds the Board of Directors at least once every three months, and at any time as needed to determine basic management policies, matters relating to the internal control system, and other important matters. In addition, Board of Directors supervises the execution of duties of directors, executive officers and etc. The Chairman of the Board of Directors is an independent outside director.

When supervising at the Board of Directors, Olympus expects that 9 outside directors to utilize the expertise that each director has. In addition, while Olympus strives to proactively provide information to directors so that their roles and responsibilities can be effectively fulfilled, the outside directors can demand directors, executive officers, corporate officers and employees to explain or report, or ask them to submit internal materials. Olympus creates a system to strengthen information communication and supervisory functions and to ensure the soundness of management.

Overview of Corporate Governance Structure As of June 24, 2022

Format	A company with Nominating Committee, etc.
Adoption of corporate officer system	Yes
Directors	12
Of whom outside directors	9
Term of directors	1 Year
Independent officers	9
Board of Directors convened	12 times for Fiscal 2022
A performance linked compensation system	Yes