Policy for Constructive dialogue with shareholders

Japanese

Return to the Basic Policy for Disclosure of Information

The MS&AD Insurance Group proactively engages in highly transparent information disclosure and constructive dialogue with shareholders and investors in an effort to achieve sustainable growth and increase enterprise value.
Specifically, by providing highly transparent information disclosure, MS&AD seeks to reduce information asymmetries with shareholders and investors. Also, by obtaining feedback from constructive dialogue with shareholders and investors, MS&AD is able to share this feedback with its management and the relevant departments and utilize it in formulating its management strategies.

Main Initiatives

  • Announcement of the “Policy for Constructive Dialogue with Shareholders”
  • Holding of “MS&AD IR Day” with the objectives being to have the top management of each business division explain business details and to carry on a constructive dialogue between management executives and investors (once a year)
  • As measures to strengthen information sharing with management and relevant departments, implementation of regular reporting on IR activities, feedback on how the stock markets view the Company, and quarterly reports on the Company’s share prices to Group Management Committee and the Board of Directors
  • Creation of a program for feedback meetings to the Group’s relevant departments (8 times a year)

Activities Undertaken (Fiscal 2016)

Picture:Activities Undertaken (Fiscal 2015)

The Group organized Information Meetings, at which the President explained management strategies and performance, as well as MS&AD IR Day, sessions for the constructive exchange of opinions between management executives and investors. It also organized Company information sessions aimed at individual investors in various parts of JAPAN and exhibited at the Nikkei IR Fair 2016 for the first time.

Picture:Information Meeting (for institutional investors and analysts)

Information Meeting (for institutional investors and analysts)

Picture:MS&AD IR Day 2016

MS&AD IR Day 2016

IR Activities Aimed at Foreign Investors

Picture:IR Activities Aimed at Foreign Investors

With foreign individual and corporate investors representing almost 40% of the total, the Group has been strengthening information disclosure and communication for the benefit of foreign investors and actively promoting dialogue with them. A strong effort was made to engage in constructive dialogue, that included active participation in conferences organized by securities companies for foreign investors as well as overseas travel by the President and the officer in charge of the Corporate Communications and Investor Relations Department to visit investors individually. From the perspective of providing swift and fair information disclosure, efforts were made to strengthen English information disclosure on the website and improve the disclosure of information for foreign investors.

Information Disclosure as the Basis for Dialogue

Picture:Information Disclosure as the Basis for Dialogue

General Shareholders’ Meeting

Picture:General Shareholders’ Meeting

In fiscal 2016, with the goal of holding a general shareholders’ meeting with an active question and answer session with many shareholders, an effort was made to improve the content of information provided in the general shareholders’ meeting convocation notice. For the resolution results, please see EDINET.

Policy for Constructive Dialogue with Shareholders

(Disclosure Item on Corporate Governance Code Principle 5.1 / Policy for Constructive Dialogue with Shareholders)

1. Basic Approach

The Company will actively engage in constructive dialogue with shareholders for the Company's sustained growth and enhancement of its medium- to long-term enterprise value, and will endeavor to generate further enterprise value by utilizing such dialogue in managing the Company.
In addition, the Company is engaged in establishing internal structure for disclosure of reliable information that can form a foundation for this dialogue, and in creating mechanisms to more effectively provide management and the Board of Directors with feedback regarding the content of such dialogue.

2. Control Manager for Constructive Dialogue

This shall be Director & Senior Executive Officers (responsible for the Corporate Communications and Investor Relations Department).*

3. Efforts in FY 2015

(1) Measures for organic cooperation between the Corporate Communications and Investor Relations Department, which assists with shareholder dialogue, and various other departments within the Company, and efforts to expand means of dialogue.

  • Holding regular meetings for the Corporate Communications and Investor Relations Department to provide feedback to other relevant departments
  • Holding investor briefings led by the heads of each business unit
  • Holding exchanges of opinion with investors for the purpose of dialogue between senior management and investors

(2) Measures for providing senior management and the Board of Directors with feedback regarding shareholder dialogue.

  • IR activity reports and feedback on the equity market's perception of the Company to the group management meetings and the Board of Directors semiannually, quarterly reports on the status of the Company's share price

(3) Measures concerning control of insider information in the course of shareholder dialogue

  • Timely and fair disclosure of information fully utilizing the Company’s website
  • Compliance with rules on the prevention of insider trading, etc., and refraining from dialogue related to earnings in the quiet period established in the IR policy as being three weeks prior to the announcement of earnings.

* Shiro Fujii, Director, Vice President Executive Officers, is currently in charge of this assignment.

Return to the Basic Policy for Disclosure of Information

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