About MUFG > Corporate Governance : Mitsubishi UFJ Financial Group

The holding company (MUFG) has established a fair and transparent corporate governance system including a board of corporate auditors and voluntary committees from “external viewpoints”-. We are making every effort to enhance the system.

1.

Appointment of outside directors and establishment of voluntary committees
We have appointed to the Board of Directors several outside directors satisfying the requirements for independent board members under stock exchange rules. These outside directors provide advice on corporate strategy and business and oversight of directors. Furthermore, as a measure to enhance supervision of management by outside parties, we have introduced a voluntary system of board committees comprised mainly of outside members and chaired by an outside director, such as the Internal Audit and Compliance Committee, the Nomination and Compensation Committee.

2.

Appointment of a majority of outside corporate auditors to the Board of Corporate Auditors
We have appointed three outside corporate auditors satisfying the requirements for independent board member under stock exchange rules, such that the Board of Corporate Auditors comprises a majority of outside corporate auditors.

3.

Establishment of an Advisory Board

The Advisory Board is composed of external experts and from an independent perspective advises the Executive Committee on important management topics such as corporate strategy and business planning.

Members of Committees Reporting to the Board of Directors and Advisory Board

Internal audit and compliance committees comprising a majority of outside members have also been set up at Bank of Tokyo-Mitsubishi UFJ, Mitsubishi UFJ Trust and Banking and Mitsubishi UFJ Securities Holdings. These committees deliberate on matters relating to internal auditing and compliance, and report them to Internal Audit and Compliance Committee of the holding company.

The holding company fulfills the function of overseeing the management of each member company by introducing a group-wide risk management, compliance and internal audit structure, and dispatching senior management to the major subsidiaries for the purpose of enhancing the group-wide corporate governance framework and ensuring appropriate administration.