About MUFG > Corporate Governance : Mitsubishi UFJ Financial Group

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

1.

Appointment of outside directors and establishment of voluntary committees
We have appointed several outside directors to the Board 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 Committee and the Compensation Committee.

2.

Appointment of a majority of outsiders to the Board of Corporate Auditors
We have appointed three outside corporate auditors 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 composed of a majority of outside members have also been set up in Bank of Tokyo-Mitsubishi UFJ and Mitsubishi UFJ Trust and Banking. These committees deliberate on matters relating to internal audit and compliance, and report them to Internal Audit and Compliance Committee of the holding company.

The holding company will also aim to develop its group-wide corporate governance structure by implementing group-wide risk management and internal audit systems, and by promoting strengthened supervision of management, for example by dispatching senior management to its major subsidiaries.