Our targets for 2030 is to make Kao a company with a global presence, valuable to society. In order to become an essential company in a sustainable world, Kao Corporation (hereinafter referred to as the "the Company") is significantly shifting its direction to ESG (environmental, social, and governance) management. While aiming to become a high-profit global company, the Company is also working toward raising the level of social contribution by capturing changes in business environments surrounding the Company and changes in stakeholders' values. In order to gain trust from society, which is indispensable for these corporate activities and business activities, the Company is constantly strengthening its corporate governance in both systems and operations. The Company views accomplishing its corporate governance as one of its most important management issues and the Company's basic stance on measures related to corporate governance is to set up and operate a management structure and an internal control system, timely implement necessary measures and achieve accountability so that the Company can swiftly respond to changes, realize efficient management that is sound, fair, and highly transparent, and continuously enhance corporate value. The Company has been actively engaging in activities to listen to stakeholders' voices and based on input from stakeholders and social trends, it conducts reviews of its corporate governance and implements the necessary measures and improvements, as needed, in an appropriate manner.
For further details regarding the corporate governance of Kao Corporation, refer to the Corporate Governance Report as submitted to the Tokyo Stock Exchange.
Kao has established the "Standards for Independence of Outside Directors/Audit & Supervisory Board Members of Kao Corporation" to clarify the standards for independence of an outside director/Audit & Supervisory Board Member.
The Kao Group has implemented a "Tax Policy" aiming to improve its tax governance framework, reflecting the group's tax code of conduct and its consistent standards for approaching tax matters throughout the group.
The publication of this strategy statement is regarded as satisfying the duty under Paragraph 16(2), Schedule 19, Finance Act 2016 in UK.