Japanese

Approaches to Corporate Governance

MOL strives actively and continually to bolster its corporate governance to ensure sustainable growth and maximize the value of the MOL Group over mid- and long-term based on the group's corporate principles and long-term vision, as well as the management plan (Rolling Plan), by taking measures such as 1) appointing two or more outside directors; 2) establishing Nomination Advisory Committee and Remuneration Advisory Committee, which are arbitrary organizations in which the majority of members are outside directors, as advisory bodies to the Board of Directors; and, 3) establishing the Company's own criteria for judging independence, in addition to the requirements for independent officers stipulated by the Tokyo Stock Exchange.

Due to rapid changes in the ocean shipping business environment and risk factors, we must adeptly set our course by accurately grasping business environment, always confronting risks appropriately, and effectively utilizing our management resources by maintaining our offense-defence balance. We believe that the essentials of corporate governance are fostering sustainable growth and enhancing our corporate value by making decisions promptly and boldly, guided by appropriate risk management, while ensuring the transparency and fairness of management by carefully considering the viewpoints of our diverse stakeholders and other various social requests.