Kao Corporation was selected to receive the Grand Prize Company for the Corporate Governance of the Year* Prize, conferred by the Japan Association of Corporate Directors (JACD, Chairman: Yoshihiko Miyauchi). Last year, Kao was chosen as a Winner Company for the same award.
Since 2015, the prize has honored companies that have achieved and maintained mid- to long-term profitability by implementing good corporate governance.
According to JACD, Kao was selected to receive the award of Grand Prize Company for the following reasons: Kao has engaged in governance at an early stage and maintained its engagement. In terms of defense, it has been rigorous in implementing a disciplined stance throughout its organization, including at the board level and focused on internal control activities. In terms of offense, President Michitaka Sawada describes the Board of Directors as a forum for making dreams come true, and says he enjoys discussions with outside directors. This is an admirable example of a functioning Board, and indicative of a high level of attainment. It is a Japanese industry leader in governance and a model for other companies.
Kao will continue to incorporate into corporate governance, the "innovation" element of its corporate philosophy, "The Kao Way." The company is committed to further improving corporate governance and continuing to increase its corporate value.
Kao creates high-value-added products that enrich the lives of consumers around the world. Through its portfolio of over 20 leading brands such as Attack, Bioré, Goldwell, Jergens, John Frieda, Kanebo, Laurier, Merries and Molton Brown, Kao is part of the everyday lives of people in Asia, Oceania, North America and Europe. Combined with its chemical division, which contributes to a wide range of industries, Kao generates about 1,500 billion yen in annual sales. Kao employs about 33,000 people worldwide and has 130 years of history in innovation. Please visit the Kao Group website for updated information.