Governance Framework and Division of Responsibilities

The Board of Directors is the FPCC's highest level governance unit, below which the Company has established the three major functional entities : the Audit Committee, Compensation Committee, and Sustainable Development Committee. The Company's chairman is the chair of the Board of Directors, and is responsible for convening board meetings and representing the Company externally. In order to clearly designate responsibilities across the organizational structure and ensure the independence of company operations, the chairman does not hold any managerial positions. For information on the Company's organizational structure, please visit the Company website.The Board of Directors passed the Code of Sustainable Development to set forth the Company's sustainable development-related policies, systems, management approaches, and communication and disclosure of information to stakeholders. Please refer to the Company's website and annual report for the shareholders' meeting.

Board of Directors Operations

Structure and Overview of Functional Committees