To ensure the Board of Directors effectively fulfills its roles and responsibilities, the Company shall make up the Board with directors of sufficient knowledge and experience inside and outside the Company in areas related to business management. To this end, the Company first clearly defines in its basic policy the roles and qualifications required of directors by attribute and position, and then defines the following areas as considered important to the Company from the perspective of corporate management, and requires individual directors to have sufficient knowledge and experience in these areas: “legal affairs and risk management,” “personnel and human resource development,” “finance, accounting, and capital policy,” “auditing,” “corporate management and management strategy,” “technology R&D and innovation,” “the environment,” “social,” and “internal control and governance”.
The Nomination Committee selects candidates for the Board of Directors after confirming that they have met the Company’s qualification requirements, and have knowledge and experience in several of the areas mentioned above. The composition of the Board of Directors elected for fiscal 2024, remains highly independent and diverse, with seven of the ten directors being Independent Directors, three of whom are women.