Board Effectiveness
Tokyo Electric Power Company Holdings Inc. is striving to improve the effectiveness of the Board of Directors, which is the linchpin of governance, by engaging in lively debate during which a diverse group of outside directors with a plethora of experience and knowledge voice their opinions. Furthermore, once a year, the effectiveness of the Board is assessed through questionnaires distributed to directors and discussions by the Board. In addition to questionnaires, the objectivity of the effectiveness assessment was ensured by having a third-party assess and analyze questionnaire responses, which are then discussed by mainly outside directors.
Effectiveness Assessment
Assessment Methods
- Questionnaires are distributed to all members of the Board of Directors, nominations committee, and compensation committee.
- A third-party agency analyzes/assesses the responses from the questionnaire, which are then discussed by primarily outside directors prior to review by the Board.
Assessment Result Summary
The TEPCO Board of Directors has been deemed effective because it is comprised of a suitable number of diverse members, allows free debate, has been ranked highly through questionnaires in continuation from FY2020, and because there have been no serious issues pointed out with the Board.
| Questions for which responses improved | Questions for which responses worsened |
|---|---|
|
|
Status of Initiatives to Address Issues
In continuation from last fiscal year, during FY2021, the following initiatives were undertaken based upon the issues identified during the effectiveness assessment.
The Board of Directors will continue to make further improvements as it strives to improve effectiveness.
| Issues identified during FY2020 | Status of FY2021 initiative |
|---|---|
|
|
|
|
|
|
|
|
Visit to the Management Skills & Strategies Research Center
Visit to the Aomori Office
