Sumitomo Mitsui Trust Group has published its “Initiatives for Strengthening Corporate Governance of the Sumitomo Mitsui Trust Group” , which is more advanced than other banking groups in various respects. It includes a requirement of one-third independent external directors, a monitoring role for those directors and a description of the board’s role, and provisions about director qualifications,, director training, and the formation of committees for nomination and compensation and also audit functions.
http://smth.jp/en/news/2015/E150513-5.pdf
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