The Softbank Group are guided by a fundamental concept of “free, fair, and innovative,” and a corporate philosophy of “Information Revolution — Happiness for everyone.” SoftBank Corp. (the “Company”) aims to be a provider of essential technologies and services to people around the world through its endeavors in various businesses in the information and technology industries.
The Company recognizes that it is vital to maintain effective corporate governance in order to realize this vision. It continues to strengthen governance within the Group by taking measures such as formulating the SoftBank Group's Charter to share the fundamental concept and corporate philosophy of the Group that includes Softbank Group Corp. (SBG) and devising Group Company Management Regulations of the SoftBank Group to set out the management policy and management framework for group companies, among other matters. The Company also sets out various rules with which group companies and their officers and employees must comply.
The Company's corporate governance system centers on the Board of Directors, Audit & Supervisory Board Members, and the Audit & Supervisory Board. Four of the 11 directors are external directors to ensure robust mutual monitoring between the directors. The nominating committee and remuneration committee are established voluntarily as advisory bodies to the Board of Directors. The nominating committee and remuneration committee comprise the CEO and Independent External Directors to ensure independence of the committees. Two of the four Audit & Supervisory Board Members are external members to ensure independent auditing functions, thereby strengthening the monitoring of management.
- *The contents of this page are based on information contained in Corporate Governance Report which was revised on June 25, 2019.