Corporate Governance Structure

  The Company aims to further strengthen its management control functions and corporate governance framework, the Company has established, in addition to the Board of Directors, the Management Policy Committee, the Internal Control Committee, the Sustainability Committee, the Nomination and Compensation Committee, and the Transaction Review Committee.
  The Board of Directors is composed of an appropriate number of members to ensure agility and enable prompt decision-making. Important matters related to the management of the Company and the AFS and AFS Group are decided by the Board of Directors after deliberation by the Management Policy Committee and the Internal Control Committee, from the perspective of business effectiveness and efficiency.
  The Management Policy Committee serves as a decision-making organ for the business execution of the Company and the AFS and AFS Group. The Internal Control Committee promotes the appropriateness and efficiency of operations within the Company and its Group, and aims to achieve sustainable growth and improving corporate value. It comprehensively and professionally discusses and reviews matters related to the development of internal control systems, and reports and makes recommendations to the Board of Directors.
  The Sustainability Committee comprehensively and professionally discusses and reviews matters related to sustainability within the Company and the AFS and AFS Group, provides necessary guidance and advice to relevant parties, makes decisions, and reports and makes recommendations to the Board of Directors.
  The Nomination and Compensation Committee deliberates on matters related to the appointment, dismissal, talent development, and other personnel issues, as well as matters related to compensation, concerning directors, corporate auditors, or Executive Officers.
  The Transaction Review Committee deliberates on the appropriateness of significant transactions or acts that may involve conflicts of interest between the Company’s Controlling Shareholders and Minority Shareholders, from the perspective of protecting the interests of Minority Shareholders.In addition to the above, the Company has established specialized committees to discuss and deliberate on various areas such as Business Strategy, Customer Success, Products and Services, Sales and Marketing, Investment and Financing, Information Disclosure, DX Promotion, and Subsidiary Management. The content of discussions within the business execution organization is regularly reported to the Board of Directors.
  In addition,The Company is a Company with a Board of Corporate Auditors, and as of the date of submission of the Annual Securities Report (May 21, 2025), the Board of Corporate Auditors consists of three Outside Audit and Supervisory Board Members (including two independent directors) and one corporate auditor.

Corporate Governance Structure

"Last updated: May 21, 2025"