Corporate Governance Framework
Gurunavi, Inc. is committed to maintaining strong corporate governance:
Our board members make every effort toward strengthening and optimizing our business operations, so that we can cultivate strong relations with stakeholders and raise corporate value.
Under the principle of prioritizing shareholders’ interests, Gurunavi maintains a keen awareness of the management responsibility of our directors, and upholds basic policies to enhance our corporate governance in order to prevent irregularities, clarify decision-making processes, and ensure the logical implementation of operations.
In principle, a meeting of the Board of Directors, comprised of seven directors, including one representative directors, and five outside directors, is convened once a month for important management decisions and oversight in relation to the execution of business activities.
In principle, a meeting of the Audit & Supervisory Board, comprised of four Audit & Supervisory Board Members (“auditor or auditors”), of which three are outside auditors is convened once a month. Each auditor attends important meetings of the Board of Directors, etc. and audits the status of each director’s execution of duties.
Furthermore, three of the five outside directors and three outside auditors mentioned above have been designated as independent directors/auditors under the provisions of the Tokyo Stock Exchange, and notification of such appointment has been submitted to the TSE.
In addition, we have reinforced our governance structures by introducing an executive officer system to separate prompt decision-making and oversight functions by the Board of Directors and business execution functions undertaken by executive officers. Moreover, in accordance with the basic policies determined by resolution of the Board of Directors, the Executive Committee has been set up to deliberate on important issues related to management and exercise general controls over business execution and is comprised of the President & Representative Director and executive officers. The Executive Committee meetings are regularly held, and the full-time auditor can attend the meetings.
Corporate Governance Report
The Corporate Governance Report is available in PDF format at the following link.
Corporate Governance Report (July 11, 2019)（PDF 642 KB）