Roles Expected of Outside Directors and Boards of Directors(2014)

June 9, 2014

In this proposal, JACD has identified the main responsibility of outside directors to be provision of oversight on management.

JACD hopes that a more precise understanding of roles and responsibilities expected of outside directors will result in an increase in the appointment of outside directors in Japan, as well as an increase in the trust placed in boards of directors by shareholders, which will ultimately increase corporate value.