Effectiveness evaluation
In order to improve the effectiveness of the Board of Directors, an evaluation of all directors except the CEO has been conducted using a questionnaire method every year since FY2016. A third-party organization has conducted the questionnaire survey and analyzed the responses since FY2022.
The results of their evaluation are reported to the Board of Directors, whose members share the issues identified and continuously strive to make improvements.
■Results of effectiveness evaluation in FY2024
In terms of items such as strengthening ESG initiatives, the remuneration system, and succession planning, evaluations improved since FY2023. The overall evaluation was generally positive, and the Board of Directors was evaluated as functioning effectively. Based on the evaluation results, we recognized the following issues, and are engaged in efforts to improve upon them.
Outline of the effectiveness evaluation in FY2024
| Target members | All directors except the CEO |
| Evaluation method | Anonymous 5-point questionnaire |
| Number of questions | 40 |
| Survey period | February 2024 |
| Response status | All targets answered |
| Questionnaire evaluation items | ・Roles and responsibilities of the Board of Directors ・Size and composition of the Board of Directors ・Deliberation and management at the Board of Directors ・Succession plan ・Design and operation of organizations such as the Board of Directors ・Relationship and dialogue with shareholders |
Proactive Engagement by Outside Directors
Outside directors play a professional and independent role in various ways. At the Board of Directors, they express candid opinions based on their high level of expertise and management experience, and participate in the discussion from an independent standpoint. They are also actively involved in the growth of the Company’s business, including the holding of individual sessions with a responsible department or departments concerning a business issue or subject, and lectures and interviews in the curriculum for next-generation training.
With the objective of enhancing communication among outside directors’ exchange session have been held since FY2019. In FY2022, outside directors deepened examination of medium- to long-term strategic policies of the IDEC Group through active discussions and exchange of views.