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SHIFT’s Summary of Board of Directors Effectiveness Evaluation Results
SHIFT’s Summary of Board of Directors Effectiveness Evaluation Results
To ensure that the Board of Directors properly fulfills its roles and responsibilities, and that each director, including Outside Directors, actively takes part in discussions based on their expertise and independent perspectives, so that the Board of Directors can continuously exercise decision-making and oversight functions that contribute to the sustainable improvement of corporate value, SHIFT Inc. (“SHIFT”) began conducting a Board of Directors Effectiveness Evaluation in FY08/26. SHIFT hereby announces the summary as follows.
1. Overview of the Effectiveness Evaluation
| Evaluation Item | Evaluation Result | Initiatives Launched |
| Agenda | Generally meets the expected level • A broad agenda ranging from strategic themes for improving corporate value over the medium term to short-term performance • Well-balanced themes covering both “offense” and “defense,” from strategy to compliance and governance |
Enrich the agenda by drawing on the knowledge of Outside Directors • Hold regular exchanges of views with Outside Directors • Reflect the interests and concerns of Outside Directors in the agenda |
| Open and Constructive Discussion | Generally meets the expected level • Free, robust, and constructive discussions held while taking into account differing and opposing opinions • Outside Directors, acting independently of business execution, actively voice candid opinions and points |
Further enrich essential discussions • Set up free discussion sessions within the Board of Directors that are not based on specific proposals or materials • Improve the efficiency of Board of Directors operations by enhancing explanations and Q&A in pre-meetings |
| Board Composition | Generally meets the expected level • Board of Directors composed of directors with diverse experience and expertise • Oversight structure centered on Independent Outside Directors |
Strengthen coordination between the Nomination and Remuneration Committee and the Board of Directors • Hold continuous and planned discussions • Connect the discussions of the Nomination and Remuneration Committee and the Board of Directors with each other |
For further details, please see here.