Corporate Governance

Fundamental Policies

Sanden's Founding Spirit,“Let Us Develop with Wisdom and Prosper in Harmony,”has fostered a corporate culture that has sustained its dynamism.In 2003, we established our Corporate Philosophy--which includes“Basic Principles (Universal Values Shared by the Global Community)”and“Basic Stance toward Stakeholders.”Both in Japan and overseas, we are relentlessly and proactively striving to increase our corporate value while also further improving compliance performance throughout our business operations and achieving additional increases in management efficiency and transparency.

Our corporate governance systems reflect the nature of our operations, history, culture, and other defining characteristics of Sanden. We have examined from many angles different ways to establish a corporate governance system that is best suited to the Sanden Group. The result is our current management structure and corporate auditor system, which we believe closely match our requirements.

We have also adopted the executive of ficer system. This boosts management efficiency by separating the roles of management decision making and the execution of business operations.

Furthermore, we have recruited an external director and external auditors to make our management oversight functions more effective.

Organizational Units and System

Employing the“company with auditors”model based on Japan's Corporate Law, Sanden has created a corporate governance system that includes a board of directors, corporate auditors, a board of corporate auditors, and an accounting auditor.

The Board of Directors has 12 members, including one outside director, while the Board of Corporate Auditors has 4 members, including 3 outside corporate auditors.