Joyful Honda (TYO:3191) said it completed its annual self-evaluation of the board of directors and concluded that the board remained effective in the year ended June, according to a Friday filing on the Tokyo Stock Exchange.
Directors and auditors gave high marks for composition, operations, agenda setting, and support systems.
The company credited improvements to more direct engagement between directors and department heads, streamlined meeting materials, and off-site strategy sessions. It plans to continue using off-site meetings to address long-term management and human capital issues and strengthen governance further.
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