Japan Association of Corporate Directors Announces Its Corporate Governance of the Year 2019 Prize Winners

February 25, 2020

In Recognition of Distinctive Corporate Governance

Grand Prize Company

Shionogi & CO., LTD (pharmaceutical industry)

Winner Company

Mitsui Chemicals, Inc. (chemical industry)
NSK Ltd. (machinery industry)

Tokyo Governor Prize for Corporate Governance of the Year

Daikin Industries, Ltd. (machinery industry)

METI Minister's Award for Corporate Governance of the Year

Shiseido Company, Limited (chemical industry)

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.

The committee decided that the Grand Prize goes to Shionogi & CO., LTD, because they were recognized for realizing its management reforms and achieving excellent business results and also they are strongly aware of the eyes of external stakeholders, such as institutional investors.

Mr. Atsushi Saito, a chairman of the committee, commented,"Their strong management philosophy and thorough action have made its corporate governance work."

200225_07.JPG Mr. Isao Teshirogi, Ph.D., President and CEO, Shionogi & CO., LTD(Right), received the Grand Prize Winner Company from Mr. Yoshihiko Miyauchi, Chairman, JACD.

Tokyo Governor Prize

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.

200225_02.JPG

Mr. Masanori Togawa, President and CEO, Daikin Industries, Ltd.(Right) as the Tokyo Governor Prizes and Mr.Yoshinao Ogawa, Senior Director for Strategic Projects Office for Strategic Policy and ICT Promotion, Tokyo Metropolitan Goverment.

METI Minister's Award

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.

200225_03.JPG

>Mr.Masahiko Uotani, Representative Director, President and CEO, Shiseido Company, Limited(Right) as the METI Minister's Award and Mr. Hideki Makihara, State Minister of Economy, Trade and Industry.

Japan Association of Corporate Directors Corporate Governance of the Year 2019

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.

Endorsed by

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.