Board Meeting Attendance

Board of Commissioners Meetings

The Board of Commissioners is required to hold an internal meeting at least once every 3 months. However, meetings can be held at any time if:

1. It is deemed necessary by one or more members of the Board of Commissioners;
2. There is a written request from one or more members of the Board of Commissioners; and
3. There are written requests from 1 or more Shareholders who jointly own 1/10 or more of the total shares with voting rights.

In 2020, the Board of Commissioners conducted 8 internal meetings conducted virtually through Microsoft Teams. The attendance rate of these internal meetings of the Board of Commissioners is disclosed as follows.

Board of Directors Meetings

The Board of Directors is required to hold internal meetings at least once a month. If necessary, the Board of Commissioners can also request a meeting upon the Shareholders’ written request. The Company has a Corporate Calendar related to the Board of Directors’ meeting schedules prepared before the beginning of the current financial year.

Throughout 2020, the Board of Directors held 52 internal meetings, which were held virtually through Microsoft Teams. The attendance rate at the internal meetings of the Board of Directors is disclosed as follows.

Joint Meeting of the Board of Commissioners by Inviting the Board of Directors

In addition to holding internal meetings, the Board of Commissioners also holds meetings by inviting members of the Board of Directors, ultimately the President Director. The meeting must be held at least once every 4 months and has more specific agendas for discussion.

Throughout 2020, the Board of Commissioners invited and held 7 joint meetings with the Board of Directors, which were held virtually through Microsoft Teams. The attendance rate of the joint meetings of the Board of Commissioners and the President Director is disclosed as follows.

Joint Meeting of the Board of Directors by Inviting the Board of Commissioners

In addition to holding internal meetings the Board of Directors also holds meetings by inviting members of the Board of Commissioners. The meeting must be held at least once every 4 months.

Throughout 2020, the Board of Directors held 4 joint meetings, which were held virtually through Microsoft Teams. The attendance rate of the joint meetings of the Board of Commissioners and the President Director is disclosed as follows.

Audit Committee Meetings

In adherence to the Audit Committee Charter, the Audit Committee meeting must be held 4 times a year at a minimum. In 2020, the Audit Committee held 4 meetings, which were held virtually through Microsoft Teams. The attendance rate of the Company’s Audit Committee meetings is disclosed as follows.

Investment Committee Meetings

Investment Committee Meeting is conducted at least once every 3 months. In 2020, the Investment Committee held 4 meetings, which were conducted virtually through Microsoft Teams. The attendance rate of the Company's Investment Committee meetings is disclosed as follows.

Nomination & Remuneration Committee Meetings

The Nomination and Remuneration Committee meeting must be held once in 4 months at a minimum. In 2020, the Nomination and Remuneration Committee held 5 meetings, which were conducted virtually through Microsoft Teams. The attendance rate of the Company's Nomination and Remuneration Committee meetings is disclosed as follows.