Basic Policy on Corporate Governance
(Basic Stance on Corporate Governance)
Sony Financial Holdings strives to meet the expectations and earn the trust of stakeholders, realize the Group’s sustainable growth and increase corporate value over the medium to long term by making effective use of the Group’s various management resources and by realizing its corporate philosophy. Furthermore, as a financial holding company, Sony Financial Holdings' aware of the highly public nature of its financial business. Accordingly, Sony Financial Holdings has in place a governance structure that emphasizes ensuring of soundness and appropriateness of the Group’s management.
(Appointment and Dismissal of Directors)
Sony Financial Holdings has formulated the “Basic Policy on the Selection of Director and Audit & Supervisory Board Member Candidates.” Reflecting this policy, Sony Financial Holdings selects as director and audit & supervisory board member candidates who have suitable knowledge, experience, capacity for judgment and other characteristics suiting them to conduct decision-making and perform management oversight in relation to the overall Group management. To reinforce the transparency and objectivity of the process of selecting director and audit & supervisory board member candidates, the Nomination Advisory Committee deliberates on candidates in response to inquiries by the Board of Directors. After receiving the committee’s reports, the Board of Directors decides on candidates to propose at the General Meeting of Shareholders. The Nomination Advisory Committee deliberates on the appointment and dismissal of the president and other executive directors based on the aforementioned policy, an assessment of corporate operating performance and other items. The committee then reports to the Board of Directors, which makes a decision.
(Director and Audit & Supervisory Board Member Training)
Upon their appointment, Sony Financial Holdings provides opportunities for directors and audit & supervisory board members to acquire knowledge related to laws and regulations, corporate governance and other areas necessary for appropriately fulfilling their roles and responsibilities. In particular, when outside officers and audit & supervisory board members are newly appointed, Sony Financial Holdings creates opportunities to provide the information necessary to promote an understanding of Sony Financial Group’s businesses, management strategy, management issues and other areas. Sony Financial Holdings also creates such opportunities as necessary following their appointment.
- Sony Financial Group’s Mission, Vision ＆ Values
Ensuring Independence in Business Activities
Because Sony Financial Group operates its business primarily in accordance with the Insurance Business Act and the Banking Act of Japan, under the supervision of the Financial Services Agency (FSA) of Japan, Sony Financial Holdings believes that Sony Financial Group conducts its business with a certain degree of independence from the Sony Group. In addition, Sony Corporation, which has obtained approval from FSA to remain a major Sony Financial Holdings shareholder, recognizes and respects Sony Financial Holding’s corporate philosophy.