Evaluation on Effectiveness of the Board of Directors

This is the ninth year of the evaluation and we arranged interviews with each Director and Audit & Supervisory Board Member, in addition to their self-evaluations, to improve the quality of the evaluation while ensuring consistency. We analyzed and evaluated the difference from the past evaluation results by combining these individual interviews conducted by a third-party organization to receive candid opinions with data aggregation and analysis by the third-party organization to conduct evaluation while ensuring objectivity.

● Persons subject to evaluation:
Directors and Audit & Supervisory Board Members

● Evaluation method:
Persons subject to evaluation draft their answers to the "Self-Evaluation Questionnaire" and are interviewed by a third-party organization. The answers and contents of the interviews are compiled and analyzed by the third-party organization.

● Content of the Self-Evaluation Questionnaire:
Proposed evaluation items were created in light of the appropriate roles of the Board of Directors of the Company and its functional enhancement. Then the questionnaire was prepared by narrowing down the evaluation items, taking into account opinions of an outside expert, which is a third-party organization, and based on the analysis and consideration of factors, such as the internal and external environment surrounding JVCKENWOOD.

• It can be concluded that the Company's Board of Directors as a whole has achieved a satisfactory level of effectiveness.
• Strengths of the Company's Board of Directors and points of improvement compared with last year
  
  1. (1) Readiness to continuously work sincerely on the evaluation of the effectiveness of the Board of Directors, and towards the making of improvements based on the results of such evaluations
  2. (2) Full support system for External Officers
  3. (3) Clarification of the operation, etc., of meetings of the Nomination and Remuneration Advisory Committee
  4. (4) Supervision of management with an awareness of capital cost and stock price
• Measures to improve the effectiveness of the Board of Directors
  The Company will improve the effectiveness of the Board of Directors by examining information obtained through individual interviews in this evaluation of the effectiveness of the Board of Directors, identifying measures to be taken in the future by the Board of Directors, and discussing their results at the Board of Directors meetings.