Nitto Group Report 2017

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Top Message13Nitto Group Report 2017Board of Directors and disclosed the summary of the ndings.* We concluded that our Board of Directors is being operated both effectively and appropriately through consultation among directors and corporate auditors. Without being merely content with these results, we will make continued efforts to further strengthen the governance of the entire Board of Directors.*A summary of our Board’s effectiveness evaluation results can be found under “Relevant Disclosed Information” in “Investor Relations” on our corporate website.In order to support these growth strategies, we will remain aggressive in making strategic investments for M&As and environmental measures, in addition to capital expenditures. We will also further consolidate our management foundations by fullling our duties as a manufacturer, namely, safety assurance, advancements in manufacturing, and enhancement of quality and brand value. In all of these endeavors, human resources are the single most important aspect, and so we will cultivate, assign, and optimally allocate people on a global basis.At the Nitto Group, all employees display their “jitsugen power (capability to deliver)” while living up to the Nitto Way, thereby achieving sustainable business growth.Nitto concluded a four-year title sponsorship contract from 2017 to 2020 with the Association of Tennis Professionals (ATP) for the ATP Finals, the season-ending nale of the ATP World Tour for men’s professional tennis. The Nitto ATP Finals features only the world’s best eight qualied singles players and doubles teams of the year and is the biggest indoor tennis tournament of the world.By sponsoring the ATP Finals, Nitto will raise its brand recognition globally and aim to create innovation through collaborations and other activities with new business partners.Fiscal 2015 witnessed corporate governance reform in Japan, and a prompt response was required of businesses to comply with the Corporate Governance Code. To respond to this change and live up to our Corporate Philosophy, which was renewed in 2014, we recreated our governance system and established our Corporate Governance Guidelines.Then, as the term “governance” became a buzzword, the effectiveness of our Guidelines was put to the test in scal 2016. Nitto analyzed and evaluated the effectiveness of our Nitto Sponsors the ATP FinalsReinforcement of Corporate GovernanceInternalcontrol & auditdepartmentAccountingAuditorMonitoringGeneral Meeting of ShareholdersManagement andRemunerationAdvisory CommitteeBusiness divisions and corporate sectorsGroup companiesInformation Security CommitteeCorporate StrategyCommittee MeetingBoard of DirectorsRepresentative DirectorsVice PresidentsCSRdepartmentCooperationMonitoringAudit &SupervisoryBoardElections/dismissalsElections/dismissalsElections/dismissalsIndependent DirectorsIndependentAuditorsEnvironment & Safety CommitteeInternal Control CommitteeCSR CommitteeTimely Disclosure CommitteeLegal andEthical Compliance CommitteeCrisis andRisk Management CommitteeStrategy meetings of- business divisions- corporate sectorsMonitoringMonitoringGroupcompanies’auditorsMonitoringCooperationCooperationCooperationCooperationCooperation• Corporate Governance System