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NTT DATA : Corporate Governance Report Updated

06/18/2020 | 06:57am EDT

The NTT DATA Group aims to establish a business structure that produces stable profits through continuous growth by carrying out the mission to create new systems and values with information technology for a more affluent and harmonious society, and also by forecasting future trends to swiftly and accurately respond to the changing market environment, client needs and the cutting-edge technology trend.

Under this management philosophy, the NTT DATA Group has set the Medium-Term Management Plan from FY2019 to FY2021 to aim for 'profitable global growth with consistent belief and courage to change.'

With the 'consistent belief,' under the basic concept of 'shape the future society with our clients,' we will promote ESG management with the aim of improving corporate value sustainably by contributing to a society through co-creation with clients as well as to efforts to realize a society where everyone is motivated to work through our corporate activities including the work style innovations based on the 'Long-Term Relationships' with clients, the source of the group's competitive advantage.

In addition, with 'courage to change,' we will implement three strategies: 'Expand global digital offerings,' 'Deliver greater value to clients based on regional needs,' and 'Unleash our employee's potential that maximize organizational strengths.' Also, we will maximize value for our clients by further accelerating digital transformation and enhancing our global synergy.

The NTT DATA Group will play an active role in overcoming the various issues that face society through the appropriate provision of various information services by the Group's officers and employees based on common sense, as well as in complying with laws and contracts at home and abroad and in respecting international standards including those of human rights.

Under these concepts, NTT DATA is working on the following basic policies in accordance with the purpose of each principle of the Corporate Governance Code to ensure that corporate governance will effectively function: (1) to ensure transparency and soundness in business management; (2) to achieve appropriate and swift decision making and business execution; and (3) to implement compliance thoroughly. The purpose of working on such basic policies is to meet the various expectations of stakeholders, including shareholders, investors, clients, business partners and employees, and to maximize enterprise value.

NTT DATA has transitioned to a company with audit and supervisory committee according to the resolution of the 32nd Ordinary General Meeting of Shareholder on June 17, 2020, in order to further strengthen its supervisory function of the Board of Directors and corporate governance, and to enhance the soundness and efficiency of its management. Also, in order to further enhance the governance and reflect diverse knowledge its management, NTT DATA has appointed 5 independent outside directors, which makes the ratio thereof in the Board of Directors (consisting of 15 directors) not less than one-third.

(1) Ensuring transparency and soundness in business management

NTT DATA strives to disclose information in a just, fair and timely manner in accordance with the 'Disclosure Policy,' based on the 'Disclosure Guidelines.' Such disclosure is important in that it enables the market to appraise NTT DATA appropriately. For this reason, NTT DATA holds a meeting for explanation of financial results when financial results are announced quarterly, and often holds other meetings for domestic and international investors and analysts, in order to ensure transparency in business management. To reinforce the function of supervising and auditing the fairness in business execution, NTT DATA has assigned outside directors and directors who are members of the audit and supervisory committee to ensure soundness in its business management through supervision by the Board of Directors and audit/supervision by the audit and supervisory committee. NTT DATA also pays attention to maximize the profit of its shareholders when transacting business with NTT, Inc., the direct parent company, and NIPPON TELEGRAPH AND TELEPHONE CORPORATION, the ultimate parent company, and the companies of the NTT Group.

(2) Achievement of appropriate and swift decision making and business execution

Decision making at NTT DATA is carried out under the supervision of the Board of Directors in accordance with 'Authority Rules,' which stipulate the responsibility and authority of the President and CEO, Senior Executive Vice Presidents, officers responsible for regions and segments and heads of each department. For smooth and swift decision making and supervision in its business operations, NTT DATA has established the 'Corporate Management Committee,' which is made up of the President and CEO, Senior Executive Vice Presidents, officers responsible for regions and segments and other heads of important section or group, and has prior discussions at such 'Corporate Management Committee' for effective deliberations about the items to be resolved at the Board of Directors including outside directors. NTT DATA also has transitioned to a company with audit and supervisory committee so that all or part of important decision makings could be delegated to directors through resolution by the Board of Directors according to the rules of the Articles of Incorporation. In addition, NTT DATA pursues appropriate and swift decision making and business execution by placing Senior Vice Presidents in charge of business execution, assigning most of the authority relating to business execution to such Senior Vice President from directors, with each Section or Group executing business operations independently and responsibly in accordance with the 'Organizational Regulations.'

(3) Thorough implementation of compliance

NTT DATA is determined to operate its business in accordance with high ethical standards as well as compliance by setting up 'Global Compliance Policy,' targeted at all officers and employees of NTT DATA Group, in order to clarify its basic policy and specific behavior guidelines relating to corporate ethics. To make such business operation effective, NTT DATA consider it necessary to implement a continuous educational campaign to promote the awareness of such ethics and compliance. Therefore, it has been holding training sessions on compliance targeted at employees and conducting employees' attitude surveys. Aiming for more openness in its corporate culture, NTT DATA has placed 'the Whistle Line,' which is a cross-sectional internal reporting system in the Group, receiving any declaration from the inside and the outside of the company, whether anonymous or named. NTT DATA ensures that any declarer to the reception desk through 'the Whistle Line' is not unfavorably treated because of his or her declaration.


NTT DATA Corporation published this content on 18 June 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 June 2020 10:56:01 UTC

© Publicnow 2020
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