Governance

The Group will establish effective governance frameworks to ensure the transparency, objectivity, and fairness of the management of the companies and earn society’s trust everywhere it operates. The Board of Directors recognizes fiduciary responsibilities to all stakeholders, including shareholders and investors, and supervises the Group’s overall management by taking responsibility for the Company’s sustainable growth and maximization of mid- to long-term shareholder value (MSV) through the appropriate exercise its authority.

Overview of Corporate Governance	Corporate Governance Policies/Corporate Governance Report Our approach to corporate governance History of governance reform Relationship with the major shareholder and protection of the interests of minority shareholders Status of Company shares, execution of share rights Corporate governance system
The Board of Directors	The Board of Directors outline List of Directors (as of March 28, 2023) Expertise/Experience Required experience/skills Roles of Independent Directors Independence Criteria for Outside Director and Roles of Independent Directors Meeting of the Independent Directors Committees Composition of the committees Roles and Main Activities of the Committees Election and dismissal of Directors and Executive Officers Nominating Directors and election and dismissal of Executive Officers Succession Plan for Directors and Executive Officers Remuneration and Other Matters Concerning Directors and Executive Officers Compensation decision-making policy for Officers Composition of executive compensation Analysis and assessment of the effectiveness of the Board of Directors Issues for FY2021 based on effectiveness assessment and initiatives for FY2022 Evaluation for FY2022 and issues for FY2023
Executive System	Executive System List of Executive Officers
Internal Control	Global governance Enhancing the Global Audit Framework Basic policy on internal control (Basic policy on internal control systems) Operation status of internal control system (Internal Control System Operational Status Report)
Global Code of Conduct	Nippon Paint Group Global Code of Conduct Anti-Corruption Anti Money-Laundering
Risk management	Our Approach to achieving MSV Summary of the “Group management system” in the Basic Policy on Internal Control System The three key components of the Basic Policy on Internal Control System Internal control system Risk management system The group risk management process Risk management activities Actions for high-sensitivity risk factors (high-risk items) at our Group Risk heat map Compliance Systems and Activities Establishment of a Global Code of Conduct and monitoring Compliance education Whistleblowing Hotline Anti-corruption initiatives Transparency of taxes Environmental and social activities
Governance Content	Nippon Paint Group Global Code of Conduct Discussions by the Board of Directors Governance Initiatives Q&A with Independent Director Viewpoints of Independent Directors