Corporate Governance

Criteria for Electing Directors

Candidates for directors of JRF are elected provided there are no causes for disqualification as stipulated in laws and regulations, including the Act on Investment Trusts and Investment Corporations (ITA)* and they do not have special interests in JRF. And furthermore they are elected by following reasons. Directors are appointed by passing a resolution at a General Meeting of Unitholders, on an individual basis**.

*Articles 98, 100, and 200 of the ITA and Article 244 of Ordinance for Enforcement of the ITA
**Paragraph 1, Article 96 of the ITA

Reasons for Electing Directors and Status of Attendance at the Board of Directors

This table can be scrolled sideways.

Title Name Reasons for election
Attendance at the Board of Directors held in 6 months fiscal period ended
August 31, 2019
Executive Director Shuichi
Namba
Mr. Namba was selected as Executive Director as he was deemed to be qualified for the position of implementing the JRF operation from the view point of a legal expert and was in charge of Supervisory Director for many years. 100% (11/11)
Supervisory Director Masahiko Nishida Mr. Nishida was selected as Supervisory Director as he was deemed to be qualified for the position of supervising the activities of Executive Directors from the viewpoint of an accounting expert. 100% (11/11)
Supervisory Director Masaharu Usuki Mr. Usuki was selected as Supervisory Director as he was deemed to be qualified for the position of supervising the activities of Executive Directors from the viewpoint of an accounting expert. 100% (11/11)