The NGK Group has developed and maintains an organizational structure capable of ensuring the legality of business activities and transparency of management, while quickly accommodating changes in the operating environment. The Group has also established and maintains shareholder-oriented management systems capable of the timely and appropriate disclosure of required information.
NGK’s Board of Directors has external directors (two as of June 29, 2011) and the Board of Corporate Auditors has two external corporate auditors. These independent officers off er suggestions across the full range of NGK management.?
The NGK Group had developed and maintains an internal control system based on a resolution of the Company’s Board of Directors in May 2006 (partially amended in May 2008 and April 2010).
Regarding the internal control reporting system established in accordance with the Financial Instruments and Exchange Act, this system for enhancing the effectiveness, efficiency and reliability of operations, as well as proper operational evaluation, is being developed primarily by NGK’s Internal Controls Committee.
