As instilled in the Corporation by its founder, all directors, management and employees must demonstrate strong ethical behavior in all their respective decision making and business interactions. AKITA is governed by an experienced and dedicated board of directors (the “Board”) who diligently provide guidance and oversight to the management team and who review, approve and monitor the Corporation’s corporate strategy. The Board is comprised of a majority of independent directors and the Board has separated the positions of Chair of the Board and President and Chief Executive Officer. The experience of individual Board members, their contributions, participation and attendance are reviewed on an annual basis by AKITA’s Governance, Compensation and Nomination Committee (“GOCOM Committee”) to ensure the Board’s composition provides an effective balance of experience, skills and diversity in order to provide the best oversight over the Corporation. The Board nominates and maintains an Audit Committee, GOCOM Committee, Pension Committee, Disclosure Committee and Risk Management Committee, each of which regularly reports to the Board of Directors. The purpose of the Board’s committees is to assist the Board in performing the Board’s legal and fiduciary responsibilities.
The Corporation has approved a number of policies and practices to facilitate effective governance, including the Board and Committee Mandates, the articles and bylaws, and the Code of Conduct as set out below.