Corporate Governance

Basic approach to corporate governance

Frontier Management recognizes that, while continuous improvement of enterprise value requires fast decision-making to promote management efficiency, strengthening management of business risk is also vital. The Company adopts a corporate structure with a Board of Directors and Audit & Supervisory Board, monitoring various risks through these two boards. The Internal Audit Office audits the Company’s operations, ensuring thorough compliance while strengthening the Company’s self-cleansing capabilities. In this way the Frontier Management ensures the effectiveness of corporate governance, leading to further enhancement of the management oversight structure of the Company and its affiliated companies.

REPORTS ON CORPORATE GOVERNANCE Summary of the Results of Evaluation
on Effectiveness of the Board of Directors