Governance Structure

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LIXIL Group Corporation has adopted the corporate governance structure of a “company with Nomination Committee, etc.” as outlined in Japan's Companies Act. Under this governance system, the Company separates the conduct of management from the surveillance of management. This enables it to leverage a system where its executive officers can make management decisions quickly and decisively while securing management transparency.

In order to monitor, supervise and continuously enhance its corporate governance, the Company has established the Governance Committee within the Board of Directors as a voluntary committee, and also convenes meetings under the Compliance Committee, Risk Management Committee, M&A Committee, Investment Review Committee, Corporate Responsibility Committee, among others. These committees discuss management strategies, medium- and long-term policies, and investment-related matters in order to accelerate decision-making while enhancing the effectiveness of its governance.

To further strengthen corporate governance, the Company also announced on March 23, 2020, that it will merge with LIXIL Corporation, its 100% subsidiary, on December 1, 2020. This will provide the Company with greater monitoring and supervision of its domestic and overseas business portfolio and management. To prepare for the merger, the Company and LIXIL Corporation will adopt an integrated management structure from April 1, 2020. While maintaining the independent legal status of the Company and LIXIL Corporation during this transition period, the business will operate with management holding concurrent positions and managing consolidated decision-making bodies.*

Governance Structure (As of November 2019)

General Meeting of shareholders

*Notification Regarding Plans for Simplified and Short-Form Merger Between LIXIL Group Corporation and its 100% Subsidiary (LIXIL Corporation), Change of Company Name, and Partial Amendment of Articles of Incorporation:
https://ssl4.eir-parts.net/doc/5938/tdnet/1809053/00.pdf (PDF:230KB) >


(References) Directors and Executive Officers of LIXIL Group Corporation and Directors of LIXIL Corporation:
https://ssl4.eir-parts.net/doc/5938/announcement6/56962/00.pdf (PDF:98KB) >

Group Governance System

The Company, while respecting the independence of each Group company, including LIXIL Corporation, receives periodic reports on the status of business and gives approval to important matters. Additionally, the Audit Committee of the Company periodically receives reports on the details of audits by the Financial Auditors of the Company and the Company's internal audit divisions. At the same time, it strengthens cooperation with the Company Auditors of each Group company by holding periodic Group Company Auditors' meetings.

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