The Yokohama Rubber Group is making every effort to establish corporate governance systems that can realize sound, transparent and fair management under our "Corporate Philosophy. Through these efforts, we aim to create a management structure that will enable us to continuously improve our corporate value and to earn the "unwavering trust" of all our stakeholders.
Basic Corporate Governance Policy
- Ensuring shareholders’ rights and equality
Our company takes appropriate measures to ensure that the rights of shareholders are substantially secured and creates an environment in which shareholders can properly exercise their rights.
In addition, we ensure the substantial equality of our shareholders. Particularly, we give due consideration to minority shareholders and foreign shareholders, as they may be prone to issues and concerns regarding the substantial securing of shareholders' rights, the environment for the exercise of their rights, and the substantial equality of shareholders.
- Appropriate collaboration with stakeholders other than shareholders
Fully recognizing that the sustainable growth of the company and the creation of corporate value over the medium and long term are the result of the provision of resources and contributions by various stakeholders, including employees, customers, business partners, creditors, and local communities, we will strive to work with these stakeholders in an appropriate manner.
The Board of Directors and management will exercise leadership in fostering a corporate culture and climate that respects the rights and positions of these stakeholders and sound business ethics.
- Ensuring appropriate information disclosure and transparency
We appropriately disclose financial information, such as the company's financial position and operating results, and non-financial information, such as management strategies, management issues, and information related to risks and governance, in accordance with laws and regulations, and also actively provide information other than that required by laws and regulations.
The Board of Directors strives to ensure that such information (especially non-financial information) is accurate, easy for users to understand, and highly useful, taking into account that the information disclosed and provided is the basis for constructive dialogue with shareholders.
- Responsibilities of the Board of Directors
We are working to establish an efficient management and execution system by separating the management decision-making/supervision system from the business execution system, and to realize highly transparent management by appointing External Directors.
By appointing eight External Directors, we have established a highly effective supervisory system for Directors. Three of the eight external directors are members of the Audit and Supervisory Committee, which provides a highly independent audit system for the directors' execution of their duties.
- Dialogue with shareholders
We recognize that in order to achieve sustainable growth and enhance our corporate value over the medium to long term, it is important to engage in active dialogue with investors, including shareholders, and reflect their opinions and requests in our management.
Therefore, we have established an IR/SR system and strive to proactively disseminate information to shareholders and investors, such as holding financial results briefings four times a year attended by senior management, in order to gain understanding of our management strategies and plans.