The Meiji Group (the “Group”) has established and implements a Group governance structure, which includes the Board of Directors, in order to promote the realization of its medium- and long-term corporate strategy based on the Group Philosophy. Meiji Holdings Co., Ltd. (the “Company”) operates with an Audit & Supervisory Board structure. Oversight by the Board of Directors and audits conducted by the Audit & Supervisory Board members enhance the objectivity and transparency of business management.

The Board of Directors is composed of diverse directors. It deliberates on and decides major matters concerning the Group, and appropriately monitors their implementation. To improve the effectiveness and transparency of the Board of Directors, the Company has established a system that reflects the opinions of independent outside directors in management.

With regard to business execution, the Company has introduced a Chief Officer system to strengthen Group management. Serving in the highest positions of responsibility within the Group, Chief Officers supervise and oversee Group businesses and functions. To promote Group strategy, the Group Strategy Committee, which is composed of Chief Officers, determines the direction of important Group matters. The Executive Committee, chaired by the CEO (Chief Executive Officer) and President, deliberates on and decides important matters related to strategy implementation, and ensures the rapid and appropriate execution of operations.