Japan Association of Corporate Directors Announces Its Corporate Governance of the Year 2020 Prize Winners

January 18, 2021

In Recognition of Distinctive Corporate Governance

Grand Prize Company

Kirin Holdings Company, Limited (CONSUMER NON-DURABLES)

Winner Company

ADVANTEST CORPORATION (ELECTRONIC TECHNOLOGY)
Terumo Corporateion (HEALTH TECHNOLOGY)

Tokyo Governor Prize for Corporate Governance of the Year

Lion Corporation (CONSUMER NON-DURABLES)

METI Minister's Award for Corporate Governance of the Year

TDK Corporation ´╝łELECTRONIC TECHNOLOGY)

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(From left to right) Mr. Masazumi Kikukawa, President, COO & Representative Director, Lion Corporation, Mr. Shigenao Ishiguro, President, CEO & Representative Director, TDK Corporation, Mr. Yoshinori Isozaki, President and CEO, Kirin Holdings Company Ltd, Mr. Yoshiaki Yoshida, Representative Director, President & CEO, ADVANTEST CORPORATION and Mr. Takayoshi Mimura, Chairman of the Board, Terumo Corporateion.

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 2020.

The committee decided that the Grand Prize goes toKirin Holdings Company, Limited. Mr. Atsushi Saito, Chairman of the selecting Committee, talked about Kirin Holdings Co., Ltd., "The CEO himself met Professor Michael Porter of Harvard Univ. and leads the CSV theory that he advocates." "The CSV theory is to expand the growth and financial value of a company by practicing positive social contribution." "The company clarifies the corporate purpose of contributing to society by creating the value that society demands." "To practice the purpose, they are building a highly transparent governance system by inviting diverse and highly skilled external personnel to management."

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Mr. Yoshinori Isozaki, President and CEO, Kirin Holdings Company Ltd(Left), 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.

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.

Japan Association of Corporate Directors
Corporate Governance of the Year 2020

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.

After the award ceremony, the JACD 20th Anniversary Symposium was held and delivered live on the web.

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Keynote Speaker; Mr. Kazuhiko Toyama, Chairman of IGPI Group, CEO, Japan Platform of Industrial Transformation, Inc. (JPiX).

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(From left to right) Mr.Takuya Nakata, President and Representative Executive Officer, Yamaha Corporation, Ms.Yuko Yasuda, Senior Partner, Board Advisors Japan, Inc., Mr. Atsushi Saito, a chairman of the selecting committee, Commissioner of Nippon Professional Baseball (NPB), Mr. Fumio Tateishi, Chairman, OMRON Corporation.