February 21, 2019
In Recognition of Distinctive Corporate Governance
YAMAHA CORP (Other Products)
Meiji Holdings Co.,Ltd. (Foods)
DAIWA HOUSE INDUSTRY CO.,LTD. (Construction)
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 2018.
Yamaha Corporation, elected for the award, is a company that simultaneously transformed the form and practice of corporate governance. As a result, the company has been recognized that profitable revenue is raised in the worldwide competitive industry.
Mr. Atsushi Saito, Chairman of the committee said, "They understand the importance and necessity of corporate governance, it is functioning steadily. They are a good example of excellent corporate governance as a successful Japanese company in the global B2C business."
Mr. Takuya Nakata, President and Representative Executive Officer, Yamaha 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 DAIWA HOUSE INDUSTRY received the prize due to the positive ESG activities which includes the signatory of the United Nations Global Compact and the cooperation with the public organizations such as the Ministry of the Environment.
Mr. Takeshi Kosokabe, Representative Director and Senior Managing Executive Officer,CFO, DAIWA HOUSE INDUSTRY as the Tokyo Governor Prize and Ms. Yuriko Koike, Governor of Tokyo.
METI Minister's Award was newly established to recognize a company particularly in appraisal of selection and succession of presidents and CEOs, the planning of which are fundamental for corporate governance.
In the Corporate Governance of the Year 2018, judgement committee examined candidate according to the guidelines for offering the METI Minister's Award and, as a result, determined OMRON Corporation as the winner of the award in FY2018.
Mr. Fumio Tateishi , Chairman of the Board, OMRON CORP as the METI Minister's Award and Mr. Yoshihiko Isozaki, State Minister of Economy, Trade and Industry.
The awards go to the companies which have achieved and maintained long term profitability by implementing good corporate governance with the 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 Public Accountants.(JAPAN), IR Association of Japan and Asian Corporate Governance Association.