Koichiro Shibata Outside Director
Messages from Outside Directors
I have been working as an outside director of Moriroku by primarily leveraging my legal practice skills as an attorney, as well as skills related to compliance gained from serving as a disciplinary and ethics committee member for many years within the bar association. Additionally, as an independent outside director, I have always taken the perspective of shareholders into consideration when taking part in deliberations at Board of Directors meetings. I have been able to build good relationships with the other outside directors coming from a variety of backgrounds, and I have renewed my awareness that my role and responsibility are to appropriately assess and take risks while ensuring the rationality of management decision-making.
In FY2024, I hosted discussions on the concept of the appointment of principal officers and officer remuneration as the chairperson of the Nomination & Remuneration Advisory Committee. Recognizing that setting an overall direction for our corporate strategy is one of my key responsibilities, I will strive to ensure that our Company, with its long history, continues to grow and enhance corporate value as we approach our 400th anniversary.
Furthermore, in FY2024, with the integration into a single entity scheduled for April 2025 in mind, we thoroughly discussed matters such as the appointment of principal officers, the concept of organizational structure, and how to maximize synergies among our business fields. In FY2025, the initial year of our new Mid-Term Management Plan, we will actively address issues such as profit increase and the creation of a third business from a mediumand long-term perspective.
In particular, we are facing a major challenge of how to create synergy between two business fields with different characteristics: the field of resin processing for automotive parts and the field of chemical trading. To that end, I have reaffirmed my determination to fulfill my role as an outside director in various aspects, including personnel exchanges between the two fields.