At Toridoll, we are reinforcing our governance system to improve our corporate value in the medium- and long-term.
Our Board of Director consists of seven members, including four directors and three outside directors. Thus, our governance system enables decisions to be made flexibly by a small number of leaders. We have appointed three independent outside directors (including one woman), who are qualified as public accountants or lawyers, to ensure the execution of our business is supervised appropriately. We have also appointed all of the outside directors as audit and supervisory committee members, in our efforts to reinforce our auditing system.
For details of our governance system, see:

• Corporate Governance Report

• Corporate Governance section of Annual Report

At Toridoll, we have set up a Risk Management Committee to evaluate business risks and discuss measures to addressing them. This committee meets four times a year.
When an issue is designated as a high-risk matter by this committee, we set up task teams which examine the matter in detail. Measures to avoid or mitigate the risk suggested by each task team are discussed at a meeting of the Risk Management Committee, whose participants are the president as the chair, directors, including outside directors, and the general managers of divisions. Measures approved by the committee are implemented at each division and then reported and evaluated by the committee, thereby implementing a PDCA cycle.