Shinsei Bank has established a corporate governance framework that befits its status as a "Company with an Audit & Supervisory Board" (kansayakukai-setchi-gaisha). The Bankís corporate governance framework aims to ensure ap-propriate managerial decision-making and business implementation while also providing a rigorous system of or-ganizational checks and balances. Accordingly, the ultimate authority and responsibility for the execution of the Bankís business resides with the Board of Directors; while members of the Audit & Supervisory Board, which is independent from the Board of Directors, are tasked with an oversight role that includes auditing the conduct of the Bankís business as well as the actions of the Board of Directors.
In addition, the Bank is in full agreement with the spirit of the Corporate Governance Code introduced in June 2015, which applies to all companies listed on Japanís stock exchanges. As such, the Bank will strive to implement the meas-ures necessary to be in compliance with the new code and realize effective corporate governance. The Bank continues to strengthen its corporate governance to achieve sustainable growth and enhance its corporate value over the mid to long term.