Corporate Governance
We believe that we need to be always conscious of building good relationships with our various stakeholders and to increase our presence in society as this will lead to the enhancement of our corporate value and sustainable growth. To this end, we work to enhance proper corporate governance through actions such as improving management transparency, strengthening oversight functions, accelerating decision making, and clarifying responsibilities.
Decision making and business execution structure
The board of directors is comprised of eight members and is chaired by the Representative Director, President & CEO. It makes decisions on important management matters and oversees the execution of duties by each director. The tenure of directors is one year, and in order to clarify responsibilities while enhancing management oversight functions, we have appointed three outside directors (of which two are female).
We have introduced an executive director system with the aim of rationalizing and streamlining management and clarifying responsibilities for business execution. Some executive directors concurrently serve as directors, and under the basic policies decided at the board of directors meetings, they make decisions and execute business reliably and efficiently.
SAKATA INX holds a meeting of the board of directors once a month, and holds management council meetings in a flexible manner to discuss important management matters and to report on the results and progress of these matters.
In order to fulfill the company’s corporate social responsibility, we have established the Sustainability Committee as the highest level committee with various other committees under it with the aim of overseeing corporate governance.
International Advisory Board
The International Advisory Board was established to advise the Representative Director, President & CEO on the global management of the group, and includes executives from overseas subsidiaries and affiliates.
| Chairperson | YOSHIAKI UENO （Representative Director / President & CEO） |
|---|---|
| Members | TOSHIHIKO FUKUNAGA （Director / Senior Managing Executive Officer, Chairman ; INX INTERNATIONAL INK CO.） TAKASHI KIMURA （Senior Executive Officer, Director / President ; SAKATA INX ASIA HOLDINGS SDN. BHD.） Bryce Kristo （Senior Executive Officer, President & CEO ; INX INTERNATIONAL INK CO.） V.K. Seth （Managing Director ; SAKATA INX (INDIA) PRIVATE LTD.） Peter Lockley （President ; INX EUROPE LTD.） |
Audit Structure
SAKATA INX is a company with an Audit & Supervisory Board, and the board is comprised of four auditors (of which two are outside auditors). The auditors audit the execution of duties by directors through participation in important board of directors meetings and management council meetings and inspecting approval documents and other important documents. The auditors provide advice and recommendations when necessary, and work to increase the effectiveness of audits through collaboration with the internal audit department (Internal Auditing Division) and financial auditors.
▼Company Organization and Internal Control relationship chart
Cross-shareholdings
In order for our company to expand our business globally and achieve sustainable growth, we believe that cooperative relationships with various companies involved in our business, such as business partners, customers, suppliers, financial institutions and outsourcing companies are essential. We hold cross-shareholdings for the purpose of maintaining and strengthening capital and business alliances and business relationships. Every year, the Board of Directors examines the medium- to long-term economic rationality and future outlook, determines the rationality of stock holdings, and if unnecessary, attempts to reduce the holdings, such as by selling them.