We refer to ourselves in English as Founder’s Consultants Holdings Inc. (Value Creating Professionals), our core business is in civil engeneering consulting services, a field that plays a great part in the development of social infrastructure. Our basic management policy is to continuously improve corporate value by fulfilling our social responsibilities, maximizing the satisfaction of all our stakeholders, including shareholders, customers, and employees.
We strive to build and implement a corporate governance that maintains and promotes the swiftness of business execution, management transparency, business risk identification, and the effectiveness of monitoring and supervisory functions.
By transitioning into a holdings company system and separating the management function from the business operation our group is trying to promote improvements in efficiency and organic linkages to strengthen the capabilities of the group, and enhance efficiency and speed in management by establishing an Audit and Supervisory Committee and a Nomination and Compensation Advisory Committee in order to strengthen the governance system.
Decisions on overall management are made by the Board of Directors according to the applicable laws and regulations as well as meeting rules. We have also established a Management Strategy Committee under the Board of Directors and the President and Representative Director, this committee includes the directors of the affiliated group companies, in order to consolidate a system to promptly execute important matters to which some authority has been transferred from the Board of Directors. In addition, we are trying to enhance management transparency concerning the execution of operations by composing our Board of Directors with six members, including two outside directors (members of the Audit and Supervisory Committee).
In principle, the Audit and Supervisory Committee and the Board of Directors meetings are held simultaneously to determine the audit policy, audit plan, and division of duties,, as well as to receive reports and discuss about the audit results of the company's business and financial situation.. The audit activities by the members of the Audit and Supervisory Committee include attending important internal meetings, investigating the major business facilities of our company and subsidiaries, and audit and supervise the representative director and other business executives.
In order to enhance the validity and transparency of the appointment of board members, compensation, etc., we have the Nomination and Compensation Advisory Committee as an advisory body to the Board of Directors. The Board of Directors appoints candidates for directors (excluding the director as a member of the Audit and Supervisory Committee) based on deliberations and reports by the Nomination and Compensation Advisory Committee. In addition, the Board of Directors also appoints candidates for directors for the Audit and Supervisory Committee with the agreement of this committee.
The remuneration of individual directors (excluding the directors who are members of the Audit and Supervisory Committee) is determined by the Board of Directors based on deliberations and reports by the Nomination and Compensation Advisory Committee, and compensation for the respective directors who are members of the Audit and Supervisory Committee are determined through consultations among the members of the Audit and Supervisory Committee.