TOKYO-Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Takeshi Hashimoto) today announced the establishment of the “MOL Group Three Basic Principles of Corporate Governance” (Basic Principles) that indicate the MOL group’s stance on corporate governance and matters that it considers universally important as a guideline for its actions, for all stakeholders, including shareholders, investors, employees, and customers.
Article 1 (Framework and Operation)
Based on the MOL Group Corporate Mission, the MOL Group Vision, and the MOL Group Values, Code of conducts (MOL CHARTS), we, the MOL Group, grow globally by enhancing corporate governance and leveraging the collective strengths of the MOL Group.
Article 2 (System)
We, the MOL Group, have established a highly effective corporate governance system befitting a strong and resilient corporate group that is growing globally to increase corporate value over the medium and long term.
Article 3 (Dialogue)
We, the MOL Group, provide new value through highly transparent dialogue with all of our stakeholders, including shareholders, investors, employees and customers.
In addition, MOL has established the “MOL Group Corporate Governance Policy,” (Policy) which systematized policies for specific initiatives based on the spirit of the Basic Principles.
MOL will provide detailed disclosure of its annual efforts and achievements based on the Basic Principles and Policy in the form of a securities report, integrated report, or corporate governance report.
The MOL Group will strive to further enhance corporate governance and promote sound, open, and visible management.
Reference: Mitsui O.S.K. Lines
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