LINTEC Integrated Report 2021

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2 Evaluation of the Effectiveness of the Board of Directors200820112015201620182020Formed the LINTEC Corporation as a Company with Audit & Supervisory BoardAppointed an outside directorTransitioned organizational structure to a Company with Audit & Supervisory CommitteeIntroduced an executive officer systemIncreased the number of outside directors (from one to two)Increased the number of outside directors (from two to four)Appointed an independent outside directorIncreased the number of independent outside directors (from one to two)Implemented the evaluation of the effectiveness of the Board of DirectorsEstablished the Corporate Governance Committee (two independent outside directors participate)Increased the number of outside directors (from four to five)Increased the number of independent outside directors (from two to three)Increased the number of independent outside directors (from three to four)Augmented the Corporate Governance Committee (all independent outside directors participate)Established the Sustainability Committee (all outside directors participate)In April 2021, the Company conducted an evaluation of the effective-ness of the Board of Directors. Details are as follows.<>All directors filled out a questionnaire and answered open-ended questions, in order to evaluate the effectiveness of the Board of Directors at LINTEC. This time, based on discussions, the question-naire asked for the opinions of directors on subjects related to the Company’s corporate governance that have not been taken up for evaluation by external entities. The representative directors analyzed, evaluated, and identified issues in the responses, select-ing the items that management should prioritize this fiscal year. One such issue entailed increasing the involvement of outside QuestionnaireA survey regarding the evaluation of the effectiveness of the Company’s Board of Directors is implemented through a questionnaire, which is submitted to all directors.The representative directors analyze and evaluate the results of the questionnaire and identify issues.The issues that were identified through the analysis and evalua-tion are discussed by the Board of Directors and countermea-sures are determined.directors in corporate governance and management policy (sustain-ability management). Through this process, the Company’s inde-pendent outside directors arrived at a final evaluation on the effectiveness of the Board of Directors. They found that the ques-tions and methods followed a logical process, and by examining measures for the next fiscal year based on the responses, stated that it is possible to improve the functionality of the Board of Directors further, and that the selection of issues to tackle this year followed a logical and appropriate process. By continuing these efforts, they were of the opinion that it is possible to further enhance the functions of the Board of Directors. Based on this evaluation, we will take steps to maintain an environment that facilitates continued improvement in the effectiveness of the Board of Directors.DiscussionWith consideration for the evalu-ation received from independent outside directors, the Company implements countermeasures to further increase the effective-ness of the Board of Directors.LINTEC Integrated Report 2021Implementation Process for the Evaluation of the Effectiveness of the Board of DirectorsChanges in Corporate Governance19902004AnalysisEvaluation by independent outside directorsImplementation of countermeasures202159