Organizational chart of the Corporate Pension Fund (as of May 30, 2023)

Organizational chart of the Corporate Pension Fund (as of May 27, 2021)

The Board of Representatives consists of an equal number of appointed representatives (company side) and mutually-elected representatives (employee side); the Board confirms the status of asset management twice a year and resolves the investment policy for investment portfolios as necessary. The Executive Board executes business based on the investment policy.
  As an asset management deliberation body, the Asset Management Committee consists of members belonging to finance and accounting divisions of the Group and performs monitoring every two months based on their expert knowledge.
  The Secretariat has staff members with knowledge of finance and human resources, which enables expert investment management, including monitoring of investment managers.

Investment flow

Investment flow

The Corporate Pension Fund confirms that all investment managers for domestic shares have accepted the Stewardship Code.
  The Company monitors investment managers regarding their constructive dialogue with investee companies and status of exercising voting rights, and on those occasions, confirms their status, including specific instances of stewardship activities. Further, the Company confirms the accuracy and transparency of the information provided by the pension investment consultants, and shares information on these activities and investment results with employees via Group magazines and other means.
  Conflicts of interest are appropriately managed by executing a discretionary agreement with each investment manager for selection of individual investee companies and exercise of voting rights.