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Corporate Governance

Enhancement of Management Control System

Operational execution

Board of Directors

The Board of Directors makes major management decisions and supervises operational execution. To further strengthen management functions, Dai-ichi Life has assigned Outside Directors with a position that is independent from operational execution. As a general rule, the Board of Directors is held more than once in three months and may also be held on an ad-hoc basis as required.

Number of Directors 15 (as of June 20, 2018)
Number of Outside Directors 3 (as of June 20, 2018)
Number of meetings of the Board of Directors 14 (FY2017)

Operational Execution

Dai-ichi Life has established an Executive Officer System to separate decision-making and auditing functions from operational execution and to strengthen these functions. Executive officers are assigned by the Board of Directors to execute operations based on the responsibilities stipulated by decisions by the Board of Directors. An Executive Management Board composed of the president and executive officers designated by the president is held twice a month as a general rule to deliberate important management and operational execution issues.

Audit and Supervisory Board Members, Audit and Supervisory Board

Audit and Supervisory Board Members confirm and verify the effectiveness with which directors execute their duties and conduct audit as to their appropriateness from the viewpoint of legality.
To collect the information needed to confirm and verify effectiveness, their activities include directing reporting by internal audit and internal governance departments, participating in important meetings, canvasing the views of officers and staff, and reviewing important documents.
Audit and Supervisory Board develop and manage the system necessary for conducting audit properly.
The staff who provide administrative support for the activities of Audit and Supervisory Board Members are assigned to the Audit and Supervisory Board Member's Center, and the independence of these staff from the Board of Directors is maintained by having Audit and Supervisory Board Members deal with their evaluation and other employment matters.

Number of Audit and Supervisory Board Members 5 (as of June 20, 2018)
Number of Outside Audit and Supervisory Board Members 3 (as of June 20, 2018)
Number of meetings of the Audit and Supervisory Board 17 (FY2017)
 

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