February 19, 2018
In Recognition of Distinctive Corporate Governance
KAO CORPORATION (Chemicals)
February 20, Kao Selected Grand Prize Company for the Corporate Governance of the Year Prize
DAIICHI SANKYO CO LTD (Pharmaceutical)
February 9, Daiichi Sankyo selected for Corporate Governance of the Year 2017
SANTEN PHARMACEUTICAL CO LTD (Pharmaceutical)
NOMURA RESEARCH INSTITUTE, LTD (Computers)
Japan Association of Corporate Directors (JACD, Chairman: Yoshihiko Miyauchi, Senior Chairman, Orix Corporation), the independent organization for the board and directors, dedicated to promote excellence in governance and directorship, has announced its Corporate Governance of the Year Prize winners 2017.
The committee decided that the grand prize goes to Kao, because they has been making enormous and continuous efforts to improve CG. Also they recently separated the duty of the chairman of the board of directors and CEO and the chairman came from outside. Mr. Atsushi Saito, the chairman of the committee said that Kao is regarded as an ideal company of good governance in Japan.
Mr. Michitaka Sawada, President & CEO, KAO Corporation received the Grand Prize Winner Company from Mr. Yoshihiko Miyauchi, Chairman, JACD.
Tokyo Governor Prize has been established to praise a company which has excellent corporate governance and also practices ESG activities such as environmental activities, women empowerment, and initiatives for diversity. Ms. Yuriko Koike, the Governor of Tokyo mentioned in her speech that Nomura Research Institute received the prize due to the positive ESG activities which includes appointing women as board members for more than ten percent and issuing green bonds.
Mr. Tadashi Shimamoto, Chairman, Member of the Board, Nomura Research Institute, Ltd as the Tokyo Governor Prize and Ms. Yuriko Koike Governor, Tokyo Metropolitan Government.
The awards go to the companies which have achieved and maintained long term profitability by implementing good corporate governance with the ultimate goal of revitalizing the Japanese economy, since 2015.
Financial Services Agency, Minister of Economy, Trade and Industry, Ministry of Justice, Tokyo Metropolitan Government, Tokyo Stock Exchange/Japan Exchange Group , The Japanese Institute of Certified Pubric Accuontants.(JAPAN), IR Association of Japan and Asian Corporate Governance Association.