Corporate Governance

Basic Approach to Corporate Governance

Univance believes that enacting a corporate governance structure which is rooted in our corporate philosophy is essential to running a profitable company. To improve the transparency and efficiency of our business operations, to quickly respond to changes in the business environment, to continue growing, and to improve upon our corporate values, we follow these 5 basic policies.

Basic Policies


(1) Rights and Equality of Shareholders

We respect the rights of shareholders. We strive to ensure equity among shareholders while also creating an environment where shareholders can exercise their rights.


(2) Appropriate Cooperation with Stakeholders Other Than Shareholders

In order for sustainable growth and creation of medium-to-long-term corporate value, we always give priority to the future of people, society and the earth, recognize that fair and highly transparent corporate activities are required, and make efforts to cooperate with all stakeholders, including our employees, customers, suppliers, the local community, and stockholders based on our corporate philosophy.

(3) Appropriate Transparency and Information Disclosure

We appropriately disclose our financial information, as well as non-financial information such as our operating strategies, management issues, risks, and governance, in compliance with laws and regulations. Additionally, we provide timely disclosure of useful information through our website and other means as needed.

(4) Responsibilities of Board of Directors and Other Governing Bodies

We make efforts to appropriately fulfill the role and duty of Board of Directors by making decisions in a transparent, fair, swift, and decisive manner in order for sustainable growth, and medium-to-long-term improvement of our corporate value.

(5) Dialogue with Shareholders

In order to contribute sustainable growth of our company and medium-to-long-term improvement of our corporate value, we will make efforts to develop a system that promotes constructive dialogue with our stockholders and to take appropriate response.

Evaluation of effectiveness of the Board of Directors

1. Purpose of conducting a questionnaire for Board effectiveness evaluation

It is conducted annually with the aim of improving the effectiveness of the Board of Directors and leading strengthening of corporate governance to corporate growth through the questionnaire for Board effectiveness evaluation.

2. Evaluation process

Based on the results of the questionnaire analysis, all directors shall hold free and vigorous discussions on priority issues for improving the effectiveness of the Board of Directors, incorporate them into specific improvement measures, and implement the PDCA cycle every year.

3. Evaluation method

Evaluation subject: All directors
Evaluation method: Unsigned questionnaire
Evaluation items:
 ①Composition of the board of directors
 ②Operating status of the board of directors
 ③Decision-making process of the board of directors
 ④Information, etc. provided to the board of directors
 ⑤Dialogue with Stakeholders  
 Total of 30 questions in the above 5 categories

4. Results of the Board of Directors effectiveness evaluation for FY2021

Overall, it can be evaluated that the effectiveness is generally secured, however, we will consider the following three items as priority issues in the future, formulate and address specific improvement measures.

 ①Balancing resolving social / environmental issues and corporate growth
 ②Direction of management strategy
 ③Risk management system as a group

Corporate Governance Structure


Basic Approach to Compliance

Relationship with Society and Local Communities

In line with our corporate philosophy, which states that ”through continuous innovation and a respect for individuals, we help make the world a happier place,” we are aware that our corporate activities must give priority to the future of individuals, society, and the world in a fair and transparent manner. High transparency means close communication with our stakeholders, including shareholders, clients, and local community members, and the disclosure of useful corporate information to all.

Note: "Stakeholders" refers to people and entities that have a direct and/or an indirect interest in a company's operations and corporate activities. Specifically, "stakeholders" includes shareholders, clients, suppliers, employees, and members of the local community.

Relationships with our Suppliers

Suppliers are important partners for Univance.

In making transactions, we implement compliance over respect for human rights, environmental conservation, health and safety, and always ensure fairness and equitable based on clear and objective judgment standards, aiming to build relationship of trust and to achieve mutual prosperity.

Relationships between the Company and Us employees

For us employees, satisfaction in the workplace involves several factors, from basic working conditions such as compensation to providing a workplace where individuals can achieve self-actualization. We believe that a company should be a place where each of us can maximize our potential and grow as human beings.

In accordance with our spirit of self-reliance, we seek to meet these goals by respecting basic human rights and by also following regulations and labor relations laws. By adhering to our internal policies, we strive to protect order and morality as we faithfully conduct our duties and as each person strives to reach his/her full potential through professional development.
(excerpt from the Univance Compliance Manual)