{"id":2771,"date":"2025-06-23T11:30:15","date_gmt":"2025-06-23T02:30:15","guid":{"rendered":"http:\/\/hdktest.hitwave.or.jp\/?page_id=2771"},"modified":"2026-04-23T12:06:42","modified_gmt":"2026-04-23T03:06:42","slug":"cg","status":"publish","type":"page","link":"https:\/\/www.hdk.co.jp\/en\/sustainability\/governance\/cg\/","title":{"rendered":"Corporate Governance"},"content":{"rendered":"

Corporate Governance<\/h3>\n
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Basic Approach<\/h3>\n
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The Hokuriku Electric Industry Group states in its Code of Conduct: \"We recognize our social responsibility as a good corporate citizen and promote sincere and ethical business activities. As a global company, we comply with international rules and the laws and regulations of each country, and strive to manage our business with consideration for our stakeholders, including our customers, shareholders and investors, business partners, local communities, and employees. Through stable growth, we will enhance corporate value and contribute to the development of society.\" To achieve this, we have established a management system for transparent, fair, prompt, and decisive decision-making in accordance with the following basic principles, and are working to enhance our corporate governance.<\/p>\n<\/div>\n<\/div><\/div>

Basic Corporate Governance Policy<\/h3>\n
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  1. We strive to ensure shareholder rights and equality.<\/li>\n
  2. We strive for appropriate collaboration with stakeholders other than shareholders.<\/li>\n
  3. We strive to ensure appropriate information disclosure and transparency.<\/li>\n
  4. We strive to ensure that the Board of Directors and other governing bodies make transparent, fair, prompt, and decisive decisions and appropriately fulfill their roles and responsibilities.<\/li>\n
  5. We strive to engage in constructive dialogue with shareholders.<\/li>\n<\/ol>\n<\/div>\n<\/div><\/div>

    Corporate Governance Structure<\/h3>\n
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    As part of our institutional design, we have adopted a structure with an Audit and Supervisory Committee. This committee, independent from executive directors, audits and supervises the Board of Directors in close cooperation with the audit firm and the internal audit department. Furthermore, we have established a Nomination and Compensation Advisory Committee, an advisory body where independent outside directors constitute a majority. Through these measures, we further enhance corporate governance and realize fair and highly transparent management.<\/p>\n<\/div>\n<\/div><\/div>

    Hokuriku Electric Industry Group Corporate Governance Structure Chart<\/h3>\n
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    Risk Management<\/h3>\n
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    Basic Approach<\/h3>\n
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    We define risk as \"any possibility that could cause physical, economic, or reputational loss or disadvantage to the company.\" We identify, analyze, and evaluate factors that could hinder the execution of business activities or the achievement of management goals and strategies as risks. We strive to prevent, mitigate, and minimize these risks at a reasonable cost. At the same time, we have established management systems for emergencies in our Emergency Response Regulations and Hokuriku Electric Industry Group BCP Regulations, and strive to implement them.<\/p>\n<\/div>\n<\/div><\/div>

    Risk Management Framework<\/h3>\n
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    The President and Representative Director serves as the Chief Risk Management Officer. Directors, Executive Officers, and Business Division Heads act as Risk Management Committee members, convening the Risk Management Committee as needed. Matters discussed and resolved by the Risk Management Committee, along with the progress of risk response plans, are reported to the Board of Directors.
    \nR isk management officers in each department plan, manage, and implement risk management and education initiatives, while the Governance Department serves as the secretariat for the committee.<\/p>\n<\/div>\n<\/div><\/div>

    Risk Management Structure Chart<\/h3>\n
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    Risk Management Activities<\/h3>\n
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    The Hokuriku Electric Industry Group's risk management activities involve visualizing high-priority new risks and risks where improvement targets have not been sufficiently achieved through annual risk identification, evaluation, and selection conducted by each department, and then implementing countermeasures. Furthermore, the results of risk response plans are subject to evaluation by the Internal Audit Department. We are steadily executing the risk management activity cycle and working to improve our risk management level.<\/p>\n<\/div>\n<\/div><\/div>

    FY2024 Risk Response Plan (Excerpt of Key Risks)<\/h3>\n
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    Major Category<\/strong><\/span><\/td>\nRisk Type<\/strong><\/span><\/td>\nRisk Name<\/strong><\/span><\/td>\n<\/tr>\n
    External Factors<\/strong><\/td>\nNon-Financial Risk<\/td>\nClimate Change Risk<\/span><\/td>\n<\/tr>\n
    Overseas Dependency Business Expansion Risk<\/span><\/td>\n<\/tr>\n
    Financial Risk<\/td>\nCustomer Credit Risk<\/span><\/td>\n<\/tr>\n
    Economic Fluctuation Risk<\/span><\/td>\n<\/tr>\n
    Internal Factors<\/strong><\/td>\nStrategy Risk<\/td>\nMarketing and Product Development Risk<\/span><\/td>\n<\/tr>\n
    Legal and Regulatory Compliance Risk<\/span><\/td>\n<\/tr>\n
    Operational Risk<\/td>\nProduct Quality Risk<\/span><\/td>\n<\/tr>\n
    Information Security Risk<\/span><\/td>\n<\/tr>\n
    Disaster (BCP, Emergency) Risk<\/span><\/td>\n<\/tr>\n
    Human Rights Impact Risk<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div><\/div><\/div><\/div><\/div><\/div>","protected":false},"excerpt":{"rendered":"The Hokuriku Electric Industry Group states in its Code of Conduct: “We recognize our social responsibility as a good corporate citizen and promote sincere and ethical business activities. As a global company, we comply with international rules and the laws and regulations of each country, and strive to manage our business with consideration for our […]","protected":false},"author":2,"featured_media":0,"parent":1372,"menu_order":22,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-2771","page","type-page","status-publish","hentry"],"aioseo_notices":[],"acf":[],"_links":{"self":[{"href":"https:\/\/www.hdk.co.jp\/en\/wp-json\/wp\/v2\/pages\/2771","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.hdk.co.jp\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.hdk.co.jp\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.hdk.co.jp\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hdk.co.jp\/en\/wp-json\/wp\/v2\/comments?post=2771"}],"version-history":[{"count":17,"href":"https:\/\/www.hdk.co.jp\/en\/wp-json\/wp\/v2\/pages\/2771\/revisions"}],"predecessor-version":[{"id":4234,"href":"https:\/\/www.hdk.co.jp\/en\/wp-json\/wp\/v2\/pages\/2771\/revisions\/4234"}],"up":[{"embeddable":true,"href":"https:\/\/www.hdk.co.jp\/en\/wp-json\/wp\/v2\/pages\/1372"}],"wp:attachment":[{"href":"https:\/\/www.hdk.co.jp\/en\/wp-json\/wp\/v2\/media?parent=2771"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}