SoftBank Corp. and its subsidiaries (the 'Group'), guided by a fundamental concept of 'free, fair, and innovative,' and a corporate philosophy of 'Information Revolution - Happiness for everyone.' is working to maximize its corporate value based on its telecommunications business in Japan and provide products and services that utilize cutting-edge technologies.
For this purpose, we are strengthening corporate governance within the Group by taking measures such as formulating the SoftBank Charter of Corporate Behavior to share the fundamental concept and corporate philosophy of the Company. The Company also sets out various rules with which group companies and their officers and employees must comply.
The Company's corporate governance system centers on the Board of Directors, Audit & Supervisory Board Members, and the Audit & Supervisory Board. Since the listing of our shares, we have secured more than one-third of external directors (as of June 24, 2021,six of the 13 directors) to ensure robust mutual monitoring between the directors. The nominating committee, remuneration committee and SDGs promotion committee are established voluntarily as advisory bodies to the Board of Directors. The nominating committee and remuneration committee, as advisory bodies are chaired by an Independent External Director, and comprise four Independent External Director (elected by a resolution of the board of directors) and CEO, to ensure independence from SoftBank Group Corp. Two of the four Audit & Supervisory Board Members are external members, and one of them is a full-time Audit & Supervisory Board Member to ensure independent auditing functions, thereby strengthening the monitoring of management.
Corporate Governance Report (updated on June 24, 2021) (PDF: 1.00MB/30 pages)
SoftBank Group Corporation published this content on 15 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 July 2021 01:44:11 UTC.