Column

Strengthening our Corporate Governance with Three Outside Directors

CyberAgent has strengthened its corporate governance through its past selection of independent directors, its abolition of anti-takeover defenses and its welcoming of former Recruit Holdings Vice President Koichi Nakamura as an Outside Director last year.

Future structure

In addition, by deciding to have three Outside Directors  and one female Director through the transition* to a company with an audit and supervisory committee in December 2017, we further increase our management health and transparency, and additionally enhance our corporate governance.

*To be brought up at the 20th annual meeting of stockholders planned for Dec. 15, 2017

Note: Notice of Convocation of the 20th Annual Meeting of Shareholders is posted on our IR website.
https://www.cyberagent.co.jp/en/ir/stock/meeting/

*CA8: We limit the maximum numbers of directors as eight, and change two directors every two years as a general rule. In order to operate a productive Board of Directors, we formulate a structure of directors to match our business strategy.
*CA8: We limit the maximum numbers of directors as eight, and change two directors every two years as a general rule. In order to operate a productive Board of Directors, we formulate a structure of directors to match our business strategy.

Since our female Director Toko Shiotsuki not only has knowledge of legal affairs and accounting, but also plentiful experience and opinions from outside the Internet industry, she increases the diversity of our Board of Directors.

Our soon-to-be new Outside Director Masao Horiuchi is a professional in financial affairs, management, taxation and internal controls. Isao Numata has abundant experience and knowledge in corporate management and the stock market.

Along with Koichi Nakamura, who has many years of general management experience, they will make up our three Outside Directors, providing practical, objective advice to CyberAgent and strengthening supervision of our administration of business matters.

As we continue to strengthen our corporate governance and aim for continued corporate growth, we will strive to be a company you can continue to support in the medium and long-term.

Page Top