CSR Activity Report (CSR Guideline Activity Reports) - Corporate Governance

Ensuring Proper Business Conduct and Transparency

Toray Group Business Strategy Discussion sessions held at Board of Directors meetings (number)

■Reporting scope
Toray Group
■Target in fiscal 2020
8 times

Result in fiscal 2020

8 times

Board of Directors’ positive assessment of the implementation of the Basic Policy for Internal Control Systems (%)1

■Reporting scope
Toray Group
■Target in fiscal 2020
90%

Result in fiscal 2020

94 %

  1. 1 To evaluate the effectiveness of internal control relating to the Board of Directors, a questionnaire is given to all 17 directors and corporate auditors. It covers each of the nine items in the Basic Policy on Internal Control System set in accordance with the provisions of the Companies Act of Japan. In this way, internal control effectiveness is evaluated by all directors and corporate auditors, and then monitored as a KPI of the internal control system to be shared with stakeholders.

Toray Industries operates a Basic Policy on Corporate Governance based on Japan's Corporate Governance Code, and regularly publishes a Corporate Governance Report, which also summarizes the status of internal control systems.
Toray Group will continue to make every effort to ensure compliance with laws and regulations, efficient execution of duties, preservation and management of information, and control over risks of loss.
Toray Industries has set a KPI for “Board of Directors’ positive assessment of the implementation of the Basic Policy for Internal Control Systems.” The result for fiscal 2020 was 94%, surpassing the target of 90%.

Click here for the main initiatives for CSR Guideline 1, “Corporate Governance” in CSR Roadmap 2022.