Corporate Governance Structure
Tokyo Electric Power Company Holdings, Inc. switched to a “Company with a Nominating Committee, etc.” system in June 2012 and has been promoting management reforms under a corporate structure where execution is separate from supervision.
Corporate Governance Structure (as of July, 2024)
- *1
This desk is available for the use of persons related to the work of TEPCO group such as the staff and TEPCO group companies.
- *2
Investment Management Committee, etc.
- *3
Experts in risk communication
Nominating Committee
In order to enable the TEPCO Group to continue to implement innovative business reforms and fulfill its responsibilities to Fukushima while also improving corporate value, the Nominating Committee selects Board member candidates and executives with the character, knowledge, and skills suitable for leading corporate reforms and balancing responsibility with competitiveness. And, as head of the executive branch, the President is expected to lead the company with bold management decisions.
Main Discussion Topics (FY2023)
- Executive personnel changes
Audit Committee
The Audit Committee is comprised of outside members with knowledge of accounting, law, and corporate management, and internal numbers intimately familiar with corporate operations. The Committee examines the legality and suitability of the actions of Board members and executives based upon auditing plans while mutually coordinating with internal auditing departments, accounting auditors, and TEPCO Group auditors.
By participating in important meetings of the Board of Directors and executive committee, etc., receiving reports from, and regularly meeting with, Board members and executives, and examining the performance and financial status of Headquarters and other major offices, the Audit Committee examines the status of initiatives aimed at improving profitability and corporate value.
Main Discussion Topics (FY2023)
- Audit plans and reports
- Meetings with executive officers
Strengthened Audit Themes
- Improvement in earning power
- Enhanced risk management
- Human resources strategy (Development and retention)
Main Inspection Sites
- Kashiwazaki-Kariwa Nuclear Power Station
- Fukushima Daiichi and Daini
- Fukushima Nuclear Compensation Office
- TEPCO Energy Partner Customer Center
- Pumped-storage power station
- TEPCO Research Institute
- JERA Co., Inc. thermal power station
Compensation Committee
The Compensation Committee is comprised of four outside directors. The basic policy for deciding on remuneration focuses on three issues. 1. Hiring talented human resources that can lead corporate reforms and balance “responsibility with competitiveness” so that our responsibilities for the Fukushima Daiichi Nuclear Power Station can be fulfilled while also safely providing a stable supply of power amidst tough competition; 2. Clarifying responsibilities and achievements; and 3. Increasing incentives to improve performance and stock value. The duties of Board members and executives differ, so remuneration systems also differ. Board members receive only a base salary, while executives (including executives that also serve as board members) receive a base salary in addition to performance-based remuneration.
Main Discussion Topics (FY2023)
- Productivity-linked remuneration for each executive officer in FY2023
- Executive remuneration design for FY2024
