Mizuho Financial : Corporate Governance Report and Outline of Results of the Evaluation on the Effectiveness of the Board of Directors for the fiscal year ended March 31, 2017 are posted.
May 23, 2017 at 05:51 am EDT
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The Corporate Governance Guidelines (the 'Guidelines') set out the fundamental perspectives regarding corporate governance in Mizuho, and the framework of the corporate governance system, including the roles, composition, and governing policies regarding the Board of Directors, executive officers, Nominating Committee, Compensation Committee, and Audit Committee for Mizuho Financial Group as a Company with Three Committees.
As of April 1, 2015, the Guidelines were amended for the following purposes.
Industry-leading compliance with the Corporate Governance Code [Final Proposal]
Further strengthening group governance systems after transformation into a Company with Three Committees
Further details are available on the news release dated April 1, 2015, 'Regarding the Amendments to the Corporate Governance Guidelines.' (PDF/78KB)
As of April 1, 2016, the Guidelines were amended due to the introduction of the In-house Company Structure. After the amendment, the Guidelines show that Mizuho Financial Group, Inc. shall appoint as executive officers, the Group CEO and, in principle, all heads of In-house Companies, Units, and Groups.
As of April 1, 2017, the Guidelines were amended after the Board of Directors reviewed how the governance worked for a couple of years after MHFG adopted a 'Company with Three Committees' structure. The amendment was aimed at enabling executive officers to make decisions in an even swifter manner, while securing governance framework that determined matters shall be reported to, and checked by, the Board of Directors as part of the status of the execution of duties.
As of April 24, 2017, 'Overview of Independence Standards of Outside Directors' was amended.
Mizuho Financial Group Inc. published this content on 23 May 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 23 May 2017 09:50:25 UTC.
Original documenthttps://www.mizuho-fg.com/company/structure/governance/g_report.html#g_report
Public permalinkhttp://www.publicnow.com/view/D9EC8761A2827A4186D7C379974C50EA18873DAC
Mizuho Financial Group, Inc. is one of the Japanese largest financial services groups. The activity is organized around five sectors:
- corporate banking;
- advisory and financial services;
- retail banking;
- financing and investment banking;
- asset management.
At the end of March 2022, the group managed JPY 131,189.7 billion of current deposits and JPY 83,468.2 billion of current loans.
Mizuho Financial : Corporate Governance Report and Outline of Results of the Evaluation on the Effectiveness of the Board of Directors for the fiscal year ended March 31, 2017 are posted.