Materiality

Strengthen corporate governance and compliance on a sustainable basis

Strengthen corporate governance and compliance on a sustainable basis

While maintaining the flexibility of its operations and promoting management transparency, the Mitsubishi Electric Group works to strengthen the supervisory functions of management with the goal of realizing sustained growth. Our fundamental policy is to build and improve a corporate structure that is more able to meet the expectations of customers, shareholders and all of its stakeholders, while endeavoring to further increase corporate value.

Additionally, the Mitsubishi Electric Group recognizes that not only ethics and legal compliance, but also compliance in the wider sense of the term that includes the perspective of corporate ethics, are the foundation of the Group's continued existence.

Reasons why it is important

Corporate governance and compliance are fundamental preconditions for a company’s continued existence. The Mitsubishi Electric Group will continue to reinforce these areas.

Targets and key performance indicators (KPIs)


Maintain the ratio of independent
outside director
over 50%

Scope: Mitsubishi Electric

Promote Three Key Reforms (quality assurance, organizational culture, and governance), monitoring of the Three Key Reforms by the Board of Directors, and appropriate information disclosure

Scope: Mitsubishi Electric Group

Provide compliance education
on a continuous basis

Scope: Mitsubishi Electric Group

FY2029

Achieve Level 2 or higher in the Cybersecurity Maturity Model Certification

Scope: Mitsubishi Electric Group

Roundtable discussion with Outside Directors and members involved with the reform project for the purpose of monitoring the Three Key Reforms

The Mitsubishi Electric Group is implementing the Three Key Reforms in response to a series of improper quality control practices. One of these, the governance reforms include efforts to strengthen directors' monitoring function with respect to business execution.

Recently, as part of this project, a roundtable discussion was held among all seven outside directors and six members involved with the reform project. By sharing not only what has changed in Mitsubishi Electric as a result of the reform project’s efforts but also the challenges that must be overcome, opinions were exchanged from diverse perspectives regarding the progress of organizational culture reform. The discussion concluded with confirmation that the Board of Directors will continue to provide advice and support as well as to closely monitor the reform.

Key Topics

  • How to improve employees' understanding of the need for change
  • The current situation of working at the manager level
  • Employee engagement, including job satisfaction
  • photo:Roundtable discussion between outside directors and members involved with the reform
  • photo:Roundtable discussion between outside directors and members involved with the reform

Roundtable discussion between outside directors and members involved with the reform project (May 2023, Information Technology R&D Center)