Corporate Governance at ORIX

Approach to Corporate Governance

  • ORIX believes that a robust corporate governance system is essential for ensuring objective management and carrying out appropriate business activities in line with its core policies. We have therefore established a sound and transparent corporate governance system.
  • ORIX’s corporate governance system is characterized by:
    ・Separation of execution and supervision through a “Company with Nominating Committee, etc.” board model;
    ・Nominating, Audit and Compensation Committee composed entirely of outside directors;
    ・All outside directors satisfying “Requirements for Independent Directors”; and
    ・All outside directors being highly qualified in their respective fields.

Evolution of Corporate Governance

1964:Adopted U.S. GAAP
1970:Listed on the second section of the Osaka Securities Exchange
1997:Established Advisory Board
1998:Introduced Corporate Executive Officer System and listed on the New York Stock Exchange
2003:Adopted the “Company with Committees” board model*

This is how ORIX has been strengthening its management oversight since its founding. The current corporate governance framework requires a high level of discipline from the managers, but we believe this is how corporate governance is supposed to be.

Compliance with the Corporate Governance Code
ORIX complies with all principles of the Corporate Governance Code.
Corporate Governance Code (June 11, 2021)Open Link in New Window

ORIX does not cross-sharehold listed shares.

Adoption of Takeover Defense Measures
ORIX has not adopted takeover defense measures as of January 16, 2024. ORIX will take into account changes in laws and its operating environment if considering a change to this position.