A brief explanation of the three corporate governance systems that are stipulated in the companies act.

Mr. Kadota, the Representative Director for ICGJ, made a presentation with a title of "THE CURRENT STAGE AND PENDING ISSUES OF JAPANESE CORPORATE GOVERNANCE REFORM" at the HARVARD LAW SCHOOL’S JAPAN-U.S. SYMPOSIUM on building the financial system of the twenty-first century in Karuizawa, Japan.

Mr. Yasuda made a presentation with a title of "Corporate Governance Code and Roles of Independent Outside Directors" at the annual conference of the Alternative Investment Management Association (AIMA) in 2015.