Corporate Governance Framework
To demonstrate in a timely and appropriate manner its functions as a holding company (business management of subsidiary banks and group companies), including the strengthening of the governance system of the group as a whole, preservation of the risk control system and creation of an internal management system, Fukuoka Financial Group shall operate under the following management and business organization framework.
Board of Directors, Directors
The number of Directors shall be 15 or less (including 5 or less Directors serving as Audit & Supervisory Committee Members), and these Directors shall make decisions regarding matters stipulated by laws, ordinances and articles of incorporation, as well as discussions/decisions on basic guidelines related to group management and important matters concerning business management of subsidiary banks, business affairs of the Group and so on.
Audit & Supervisory Committee, Audit & Supervisory Committee Members
The number of Audit & Supervisory Committee Members shall be five or less, and in addition to conducting audits of Director job performance, and based on the basic policies and audit plan for the Group-wide audit, shall audit Directors’ job performance and examine the status, etc., of business conditions and assets of the Group as a whole.
Office of Audit & Supervisory Committee
To fully perform the audit functions of the Audit & Supervisory Committee, staff will be exclusively designated to support the Audit & Supervisory Committee.
Group Management Conference
Based on basic guidelines stipulated and matters entrusted by the Board of Directors, the Group Management Committee shall discuss important matters related to business and affairs of the Group, including group management and operational planning.
Group Risk Management Committee
In addition to carrying out discussions concerning each of the risk management systems of the group as a whole, the Group Risk Management Committee shall discuss and report on matters related to asset portfolio management , compliance and counter-financial crime management.
Group IT Special Committee
To strengthen the IT governance system of the group as a whole, the Group IT Special Committee shall discuss matters related to IT strategy, system risk management and investment in IT system.
Group Compensation & Nominating Advisory Committee
To enhance transparency and fairness of our group management, the Group Compensation & Nominating Advisory Committee, an advisory body to the Board of Directors, shall discuss matters related to the appointment / dismissal and the compensation of directors.