1. Basic Policy for Corporate Governance
Star Mica Co., Ltd. acknowledges that it is sufficient that we establish fair and transparent corporate management by effective oversight of management so that we sustain continuous and affirmative relationship with all stakeholders. In order to realize it, we always improve our awareness on compliance and risk management as well as organization management.
2. Basic Framework of Corporate Governance
Star Mica Co., Ltd. has the company’s board of directors for decision-making on critical matters relating to business management and board of auditors for auditing authorities.
Our group’s board of directors consists of seven directors, including four external director, and we arrange effective oversight of management by holding board meeting regularly more than once in a month with robust scale that realize practical discussion.
Articles of Incorporation stipulates that term of directors is one year, number of directors is within 7, resolution for election of directors is provided at general meeting of shareholders where attendance of shareholders owning not less than one-third of total voting rights of qualified share holders and is approved by a vote of more than half of the voting rights present, and resolution for election of directors shall not be conducted by cumulative voting.