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Corporate Governance

Principles of Corporate Governance

Obayashi believes that sound management and transparency are critical aspects in winning public respect and trust. Obayashi is always working to enhance corporate governance with that in mind.

Management Structure

Obayashi takes every measure to ensure that the General Meeting of Shareholders, as well as all the activities of the Board of Directors, the Audit Committee and the accounting firm fully comply with legal and moral requirements. Management Meetings are held on an ad hoc basis to make prompt and detailed decisions as required.

Directors and Executive Officers

The term of office for directors is one year. This arrangement enables the Company to respond dynamically to changes in the business environment, while also clarifying management responsibilities for each business term.
Obayashi has also instituted a corporate officers' system.
Appointing officers in charge of specific business execution has both created a structure capable of generating quick and highly strategic management decisions and enhanced the speed and efficiency of business execution itself.
In order to clarify the selection process for directors, auditors and corporate officers, Obayashi has established a Recommendation Committee and a Remuneration Committee.

Strengthened Auditing Function

The independence of the Audit Committee is enhanced by appointing three of the five auditors from outside the Company, and the committee's strict auditing of all corporate functions ensures the effectiveness of corporate governance.

Corporate Management Structure