Effectiveness of the Board of Directors

Evaluation of the effectiveness of the Board of Directors

After the end of every fiscal year, we evaluated the function and other duties to be fulfilled by the Board of Directors, mainly to improve management issues.
To ensure the transparency of responses and achieve a highly objective effectiveness evaluation, we have implemented a process where an external survey service provider conducts the questionnaires. The Board of Directors Secretariat then, after receiving advice from the external service provider, analyzes the results and reports them to the Board of Directors.
Subsequent to FY 2022, we confirmed that our Board of Directors and governance system for FY 2023 generally functioned effectively.

Expected role for outside directors

We have following expectations for the roles by the four outside directors.

Akira Watanabe

Possessed knowledge

Specialized knowledge as a lawyer
Experience as an outside director at other companies

Expected role

Mr. Watanabe is expected to use the keen insight and deep knowledge of company management he has gained through the experience as an outside director at other companies in order to offer advice on strengthening the operations and running of the Board of Directors. In addition, we believe he will be able to contribute in the legal affairs and compliance areas as well based on his keen insight as a lawyer.

Yutaka Nakamura

Possessed knowledge

Knowledge of quality management and environmental management through the experience in a housing manufacturer
Experience gained through important positions with multiple organizations in the housing industry

Expected role

Mr. Nakamura got his professional start at Panasonic Homes Co., Ltd., where he developed the career in quality management and environmental management, and he successfully elevated that company to the top level in the industry in those areas. Therefore, we believe he will contribute to the Company by providing operational support for resolving the construction defects problem, in maintaining apartments under management, by establishing management system for improving quality, and by taking steps in addressing climate change.

Takumi Shibata

Possessed knowledge

Keen insight as a part of the management gained during his career in the securities and asset management companies
Deep knowledge and experience related to asset management and finance

Expected role

We expect Mr. Shibata to be involved in and supervise the decision-making process in the selection of the officer candidates, their compensation from an independent and impartial viewpoint. We invited him to join the Board of Directors so that he will comprehensively monitor and supervise the corporate management, and provide advice based on his extensive global experience.

Kan Ishii

Possessed knowledge

Keen management insight cultivated by successively holding important positions at investment banking and business companies
Deep knowledge and experience in corporate rehabilitation gained by working as a trustee representative of Japan Airlines Co., Ltd.

Expected role

We invited Mr. Ishii because we expect him to utilize his knowledge in supervising the business execution and advising us from a specialized perspective. He is expected to provide detailed advice in the formulation of the future business strategy and financial strategy. We also believe he will utilize his corporate rehabilitation experience to actively communicate with the aim of helping to rebuild our damaged brand caused by bad reputation, and thereby revitalize the Company.

SERVICE SITES

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