January 24, 2017

Name of listed company Name of representative:

BANDAI NAMCO Holdings Inc.

Mitsuaki Taguchi, President and Representative Director

(Code Number: 7832 TSE 1st section)

Contact: Yuji Asako, Director, Division General

Manager of the Corporate Planning Division

Evaluation of the Effectiveness of BANDAI NAMCO Holdings' Board of Directors - Overview of Results -

With the objectives of heightening the effectiveness of the Board of Directors and increasing corporate value, from the fiscal year ended March 31, 2016, BANDAI NAMCO Holdings periodically conducts evaluations of the effectiveness of the Board of Directors and announces an overview of the results of those evaluations.

An evaluation of the effectiveness of the Board of Directors in the fiscal year ending March 31, 2017, has been conducted, and the overview of the results is as follows.

  1. Method and process of evaluation

    A questionnaire* was prepared for the purpose of measuring the effectiveness of the Board of Directors. The questionnaire was distributed to all 14 members of the Board of Directors and Audit & Supervisory Board members, and replies were received from those members, including ratings and free comments. The results were tallied by a third-party specialist organization, and based on those results an analysis and verification process was implemented by the Independent Directors and Audit & Supervisory Board Members Committee, which comprises three independent outside directors and three independent outside Audit & Supervisory Board Members. The Board of Directors shared the results of the evaluation of present circumstances as well as issues, and held constructive discussions regarding future action plans.

    • Major items in the Board of Directors evaluation questionnaire

      • Composition of the Board of Directors

      • Administration of the Board of Directors

      • Board culture

      • Roles and contributions

      • Leadership

      • Corporate strategy decision-making and goal-setting

      • Potential risk understanding and response

      • Sound decision-making

      • Monitoring of management resources

      • Monitoring of execution and performance

      • Response to stakeholders

  2. Fiscal year ended March 31, 2016: Response to issues regarding the effectiveness of the Board of Directors

    The results of the evaluation for the fiscal year ended March 31, 2016, included the identification of the following issues. The results showed that the Board of Directors carried out suitable discussion and examination with respect to the three-year Mid-term Plan. However, it was also suggested that, in order for the Company to realize its vision of being "The Leading Innovator in Global Entertainment," further discussion will be required concerning the future course that the Company should strive to follow and the Company's business direction from a global viewpoint.

    In consideration of these evaluation results, all directors and Audit & Supervisory Board Members, including independent Directors and Audit & Supervisory Board Members, have focused on the implementation of discussions from a medium to long term perspective, such as conducting discussions regarding the future course that the Company should strive to follow over the medium to long term, the direction of the next mid-term plan, and business strategies.

  3. Fiscal year ending March 31, 2017: Overview of results of evaluation of effectiveness of the Board of Directors

    In regard to such matters as the scale, composition, and status of administration of the Board of Directors, the evaluation confirmed that the Company has established a system for the supervision of important management decision-making and business execution. In addition, it was confirmed that the members understand their roles and that they conduct dynamic discussions, including the outside directors, who have wide-ranging experience and expertise.

    In addition, progress in the implementation of "Gain momentum in global markets," which is a focus strategy under the Mid-term Plan, is basically in line with plans. However, suggestions were received indicating that, as the Company aims for further global growth, it will need to enhance organizational systems to rapidly identify and address risks in each region and to enhance frameworks for monitoring the status of the utilization of management resources, such as human resources and funds, from a global viewpoint.

  4. Future Measures

In consideration of the results of this evaluation, to further expand global business development initiatives, the Company's Board of Directors will enhance organizational systems in each region, including the bolstering of governance. These initiatives will include measures to further strengthen frameworks for information sharing in Japan and overseas. The Board will al so take steps to enhance frameworks related to the monitoring of the effective utilization of management resources. In addition, the Company will work to maintain an environment for sufficient, dynamic discussions and to further increase the effectiveness of the Board of Directors.

End

Namco Bandai Holdings Inc. published this content on 24 January 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 24 January 2017 06:35:08 UTC.

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