As a company responsible for developing the infrastructure that forms the foundation of society, MHI Group's basic policy is to execute management in consideration of all stakeholders and strive to enhance corporate governance on an ongoing basis in pursuit of sustained growth of the MHI Group and improvement of its corporate value in the medium and long terms. In accordance with this basic policy, MHI endeavors to improve its management system, such as by enhancing its management oversight function through the separation of management oversight and execution and the inclusion of outside directors, and develop "Japanese-style global management," focusing on the improvement of the soundness and transparency of its management as well as on diversity and harmony.
As part of a corporate governance reform, in 2015 MHI transitioned to a company with an Audit and Supervisory Committee, with outside directors numbering five, including three who are Audit and Supervisory Committee members. In 2016, we established the Nomination and Remuneration Meeting and reduced the number of directors from 14 to 11 (maintaining the number of outside directors at five). Through this reform, we aim to accelerate decision-making and strengthen the supervisory function.