Basic Approach to Corporate Governance
The SoftBank Group (hereafter “the Group”) is guided by a fundamental concept of “free, fair, innovative,” and a corporate philosophy of “Information Revolution — Happiness for everyone.” The Group aims to be a provider of essential technologies and services to people around the world through its endeavors in various businesses in the information industry.
SoftBank Corp. (hereafter “the Company”), the Group's holding company, recognizes that it is vital to maintain effective corporate governance in order to realize this vision. In working to strengthen governance within the Group, the Company has formulated the SoftBank Group Charter, to share the Group's fundamental concept and corporate philosophy, and the SoftBank Group Company Management Regulations to set out the management policy and management framework for Group companies, among other matters. The Company has also determined various rules and so forth that Group companies and their officers and employees are to observe.
The Company's corporate governance system centers on the Board of Directors meeting, Audit & Supervisory Board members, and the Audit & Supervisory Board meeting. Three of the ten directors are external directors to ensure a robust mutual monitoring between the directors. Likewise, three of the four Audit & Supervisory Board members are external Audit & Supervisory Board members, to ensure independent auditing functions, thereby strengthening the monitoring of management.
- * The contents of this page are based on information contained in the Corporate Governance Report of June 20, 2014.