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Corporate Governance

We Will Reinforce Group-wide Corporate Governance
by Augmenting Our Monitoring and Audit Systems.

At Mizuno, we continually reinforce corporate governance, regarding it as indispensable for fulfilling our CSR and securing shareholdersʼ interest. While adhering to our Corporate Philosophy-to contribute to society through the advancement of sports and quality sporting goods-we place particular priority on increasing management transparency, fairness and efficiency; and promoting sufficient information disclosure in order to be accountable. At the same time, we are building adequate internal control systems to ensure legal compliance across the Group.

Corporate Governance System

To monitor and audit our corporate management, Mizuno established the Board of Auditors. While the Board of Directors are responsible for decision making and business operations, the Board of Auditors monitors and audits the directors' business activities. Mizuno believes this system is the most appropriate for pursuing both corporate governance and management efficiency.
The Board of Auditors monitors and audits Mizuno Corporation and all the Group companies. Directors, limited to one-year terms, are appointed by resolutions made at the general shareholdersʼ meeting.

Internal Audit

At the Mizuno Group, an internal audit is conducted by five inspectors of the Legal Affairs Dept. Their roles include monitoring employees' observance of in-house codes, determining validity and legal compliance of our business procedures, and examining account books, ledgers, accounting slips, etc. If inspectors find any inappropriate data or process, they provide instructions for correction.

Accounting Audit

To ensure the audits are effective, the Board of Auditors exchanges information with inspectors on both a regular and irregular basis. Through inquiries to directors and other staff members on a daily basis, auditors examine the reliability of accounting procedures and data so they can fully verify our financial statements. When external accounting auditors (from Ernst & Young) conduct accounting audits of the Corporation, its sales offices and subsidiaries, members of the Board of Auditors accompany them to exchange information.