The JVCKENWOOD Group has evaluated and analyzed the effectiveness of the Board of Directors annually since 2016 in accordance with Article 17 of the JVCKENWOOD Corporate Governance Policy. The seventh such effectiveness evaluation was carried out in January 2022, with the results of interviews with each Director and Audit & Supervisory Board Member, in addition to their self-evaluations, aggregated and analyzed by a third-party organization. The results confirmed that the Company as a whole has achieved a satisfactory level of effectiveness.
May 15, 2024
JVCKENWOOD Corporation
EGUCHI Shoichiro
Representative Director of the Board, President,
Chief Executive Officer (CEO)
Summary of the Results of Evaluation on Effectiveness of the Board of Directors
JVCKENWOOD Corporation ("JVCKENWOOD") provides in Article 17 of the JVCKENWOOD Corporate Governance Policy, established on December 1, 2015, that "the Board of Directors shall conduct an evaluation and analysis on its effectiveness as a whole, and disclose a summary of the results." Accordingly, we evaluated and analyzed the effectiveness of the Board of Directors after January 2023.
1. Summary of the method of evaluation on effectiveness of the Board of Directors
This is the ninth year of the evaluation and we arranged interviews with each Director and Audit & Supervisory Board Member, in addition to their self-evaluations, to improve the quality of the evaluation while ensuring consistency. We analyzed and evaluated the difference from the past evaluation results by combining these individual interviews conducted by a third-party organization to receive candid opinions with data aggregation and analysis by the third-party organization to conduct evaluation while ensuring objectivity.
● Persons subject to evaluation:
Directors and Audit & Supervisory Board Members
● Evaluation method:
Persons subject to evaluation draft their answers to the "Self-Evaluation Questionnaire" and are interviewed by a third-party organization. The answers and contents of the interviews are compiled and analyzed by the third-party organization.
● Content of the Self-Evaluation Questionnaire:
Proposed evaluation items were created in light of the appropriate roles of the Board of Directors of the Company and its functional enhancement. Then the questionnaire was prepared by narrowing down the evaluation items, taking into account opinions of an outside expert, which is a third-party organization, and based on the analysis and consideration of factors, such as the internal and external environment surrounding JVCKENWOOD.
2. Summary of the results of evaluation on effectiveness of the Board of Directors
[For reference: JVCKENWOOD Corporate Governance Policy]
(Evaluation of the Board of Directors)
Article 17
1. The Board of Directors shall conduct an analysis and evaluation on its effectiveness as a whole, and disclose a summary of the results.
2. In relation to the evaluation of the effectiveness of the Board of Directors, in order to elicit honest opinions and conduct an evaluation while ensuring objectivity, the Board of Directors shall employ a method involving aggregation and analysis by a third-party organization, and in addition analyze and assess changes from the previous evaluation, with regard to each Director's and Audit & Supervisory Board Member's self-evaluation.
[Supplementary Principle 4-11 (3) Information to be disclosed]
JVCKENWOOD Corporate Governance Policy (established December 1, 2015, revised December 23, 2021)