The board of directors of TEPCO holdings, Inc., which is “Company with Nominating Committee, etc.”, is comprised of diverse people of different genders with different backgrounds and expertise. Along with making important management decisions, the Board also receives reports from executives about key management issues and the status of the execution of duties, and supervises the execution of duties.

Meetings (FY2020), Number of directors

Primary Topics Discussed (FY2020)

  • 4th Comprehensive Special Business Plan
  • Key management issues handled by the Board of Directors
  • Reports on the status of duty execution by each committee
  • Measures to address corporate governance
  • Approval of financial statements
  • The objectives of the general shareholders’ meeting
  • Executive personnel changes
  • JERA monitoring report
  • The development of human resource strategies that can accelerate ambidexterity (“Exploit and Explore”)
  • Status of initiatives to address large-scale flooding and earthquakes that directly hits the Tokyo Metropolitan area
  • Status of initiatives aimed at preparing for the Tokyo 2020 Olympic and Paralympic games
  • e-Mobility Power’s (eMP) inheritance of business from NIPPON CHARGE SERVICE LLC and increasing eMP’s capital
  • Status of decommissioning of the Fukushima Daiichi Nuclear Power Station
  • Incidents at the Kashiwazaki-Kariwa Nuclear Power Station pertaining to nuclear material protection
  • Partially incomplete safety measure renovations at the Kashiwazaki-Kariwa Nuclear Power Station

Primary Resolutions

4th Comprehensive Special Business Plan (April 30, October 28, 2020; July 19, 2021)

  • In order to continue to implement innovative business reforms as we aim to secure capital for compensation and decommissioning, and improve corporate value, the decision was made to jointly submit the 4th Comprehensive Special Business Plan with the Nuclear Damage Compensation and Decommissioning Facilitation Corporation to competent ministers for approval.
  • Initiatives to regain the trust of society lost as a result of the series of improprieties at the Kashiwazaki-Kariwa Nuclear Power Station are prioritized in the 4th Comprehensive Special Business Plan, which also states that the TEPCO Group shall come together to ensure that ALPS treated water is disposed of safely, thoroughly implement countermeasures for reputational damage, take on the challenge of achieving carbon neutrality, strengthen resilience to natural disasters, and address social changes caused by the progress of digitalization and the Covid-19 pandemic.

e-Mobility Power’s* (eMP) inheritance of business from NIPPON CHARGE SERVICE LLC (NCS) and increasing eMP’s capital (December 23, 2020)

  • In order to further develop electric vehicle charging services and charging network services provided by NCS, the decision was made for eMP to inherit NCS’s rights and obligations to these services, and to increase the capital of eMP.
  • The company will continue to contribute to creating a carbon neutral society by promoting the electrification of the transportation sector while also contributing to achieving a sustainable society through BCP countermeasures during times of disaster (business continuity plans that enable companies to make repairs and continue operating), and proposing the further utilization of renewable energies.s
  • Established in October 2019 by TEPCO Holdings and Chubu Electric Power Company Inc.

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