Our Basic Approach to Corporate Governance
Daido Steel made the transition to a company with an Audit & Supervisory Committee in June 2022 for the purpose of speeding up management decisions, enhancing medium- to long-term corporate value, and further strengthening the governance system.
With the transition to a company with an Audit & Supervisory Committee, part of the execution of operations that was a matter to be discussed by the Board of Directors has been delegated to the President in an effort to increase medium-to long-term corporate value by speeding up decision making and focusing the content of deliberation in the Board of Directors on management policy and management strategy.
In order to secure a system that enables supervision and monitoring, the delegated matters are deliberated in the Management Meeting attended by directors who are full-time Audit & Supervisory Committee members or in the committee, depending on the contents of the matters to be discussed. Furthermore, efforts are made to further strengthen the Board of Directors’ governance of management by giving directors who are Audit & Supervisory Committee members the right to vote in the Board of Directors.