The NISSIN FOODS Group provides safe, worry-free food products and engages in business to maximize benefits to all its stakeholders, including shareholders, consumers, employees and local communities.
We regard the enhancement and strengthening of corporate governance as one of our most important management priorities and strive to achieve highly objective and transparent management. To achieve this objective, we appoint multiple directors and corporate auditors from outside, actively reflect the opinions of experts in management and pursue management vitalization and transparency. In addition, in June 1998 we introduced an executive officer system to promote rapid decision-making and to separate management oversight from business execution.
The Board of Directors of NISSIN FOODS HOLDINGS CO., LTD. consists of fifteen members: eleven directors, including three outside directors, and four corporate auditors, of which three are outside corporate auditors. The Board meets monthly and convenes extraordinary meetings as otherwise necessary. The Board decides on important matters concerning business execution, including basic management policies and strategy, and supervises the execution of duties by the directors.
The Management Committee, an advisory body to the Board of Directors consisting of the full-time directors and standing corporate auditors, meets twice monthly to discuss matters to be decided by the Board and to discuss and decide matters delegated to it by the Board.
The Investment and Loan Strategy Committee, an advisory body to the Management Committee consisting of several full-time directors, meets monthly for preliminary assessments of and discussion about important investment projects.
The Personnel Committee, consisting of several full-time directors, including the representative directors, meets monthly to discuss important Group human resource strategies.
In addition, a structure is in place for the representative directors to oversee the execution of duties by the directors, executive officers and presidents of key operating companies under which these executives report to and consult with the representative directors.