Corporate Governance
About IIFMENU
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 July 31, 2023 |
|---|---|---|---|
| Executive Director | Kumi Honda |
She is judged suitable for a director who engages in the Asset Manager's business operations because she is expert in legal, has high governance abilities and was in charge of Supervisory Director for many years. |
100% (13/13) |
| Supervisory Director | Yutaka Usami | 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. | 92% (12/13) |
| Supervisory Director | Koki Ohira | He is judged suitable for a director who supervises the actions of executive directors because he has deep insights based on expertise as a lawyer. | 92% (12/13) |
| Supervisory Director | Fumito Bansho | He 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% (13/13) |