Corporate Governance

Criteria for Electing Directors

Candidates for directors of IIF 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 IIF. In particular, candidates for executive directors are elected for their "high governance abilities" and candidates for supervisory directors are elected for their "deep insights based on expertise as a lawyer, a certified public accountant, or a university professor, etc." 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
January 31, 2019
Executive Director Yasuyuki Kuratsu He is judged suitable for a director who engages in the Asset Manager's business operations because he is an expert in finance and has high governance abilities. 100% (12/12)
Supervisory Director Katsuaki Takiguchi He is judged suitable for a director who supervises the actions of executive directors because he has deep insights based on expertise as a certified public accountant. 100% (12/12)
Supervisory Director Kumi Honda She is judged suitable for a director who supervises the actions of executive directors because he has deep insights based on expertise as a lawyer. 100% (12/12)
Supervisory Director Eiji Sakomoto* He is judged suitable for a director who supervises the actions of executive directors because he has deep insights based on expertise as a certified public accountant. 100% (6/6)
*Eiji Sakomoto was appointed as a supervisory director at the seventh general meeting of unitholders held on October 30, 2018. The above table shows the attendance status after the appointment date.