KAKEN’s management philosophy is centered on the three joys of “creating joy for patients,” “creating joy as a company,” and “creating joy for employees.” “Creating joy as a company,” one of the three joys, is based on the principle that “KAKEN aims to be a company realizing its social responsibility as a pharmaceutical company conducting its business with both a high ethical standard and society’s trust.” Accordingly, the tasks of “enhancing corporate governance” and “ensuring the transparency of management,” as well as “providing our stakeholders with proper explanations of KAKEN’s activities,” are placed among our top management priorities.
KAKEN has elected to structure its corporate governance system with a Board of Company Auditors System by taking into consideration the scale of our business, our management monitoring function and other circumstances. Four audit & supervisory board members, including two outside audit & supervisory board members, attend all important meetings, including board of directors, and express their opinion at such meetings. Especially, outside audit & supervisory board members provide their opinion from a neutral standpoint. In view of the above, KAKEN consider that its management monitoring function is fully functioning under its current auditing system.
And also, KAKEN has adopted the Executive Officer System to speed up decision-making and to clarify the functions of the oversight of business and the execution of business.
The board of directors is normally held on a monthly basis, and an extraordinary meeting is held when necessary. One of the directors is outside director. And audit & supervisory board members and corporate officers attend a board of directors. Thus, KAKEN consider that its corporate governance system is fully functioning to notify of company’s basic principles and ensure fairness and transparency of its decision making.