The basic corporate governance policy at the T&D Life Group is to pursue an efficient and transparent business management structure capable of implementing flexible and unifying group management.
T&D Holdings determines the Group’s business strategies, appropriately distributes management resources, and sets capital policy. And it also accurately identifies business risks faced by the three life insurance companies and other direct subsidiaries, thoroughly manages revenues and risks for the entire Group, and constructs Group management systems. On the other hand, the direct subsidiaries, which have their own business strategies, develop marketing strategies and pursue operations that apply their own strengths in order to exercise to the fullest extent their independence and uniqueness, and, thereby, increase the value of the Group.
The roles of the holding company and the three insurance companies are shown in the chart below. By clarifying the roles and authorities of the holding company and three life insurance companies, we are promoting Group management characterized by flexibility and cohesiveness.

 

T&D Holdings and its direct subsidiaries have introduced executive officer systems that help clarify the roles of directors and executive officers and thereby strengthen both the governance functions of the Board of Directors and the operational execution functions of the executive officers.

To operate alongside the Executive Committee, we have established the Group Management Committee. This committee includes the presidents of the three life insurance companies, who are also directors of T&D Holdings, and undertakes discussions of new business as well as other Groupwide strategies.