Chubu Electric Power Group Report 2021(Integrated Report)
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Operating Company Governance StructureChubu Electric Power and each of its operating companies have separately established its own governance mechanism, consisting of the Board of Directors, Senior Executive Committee, and corporate auditors (Board of Auditors). In addition, an appropriate group-wide governance structure has been put in place to ensure, for example, that any matters that could have a material impact on the management plan of the whole group or the operations of an operating company are submitted to management meetings of Chubu Electric Power for deliberation.Our basic principle is to allow each of our operating companies, Chubu Electric Power Grid and Chubu Electric Power Miraiz, to respond flexibly to various environmental changes through the establishment of an autonomous management structure within each company. On the other hand, Chubu Electric Power performs coordination and control functions to ensure the optimization of the Group as a whole from the standpoint of the parent company of these operating companies. Also, governance of operating companies is assured by having the executives of Chubu Electric Power Co., Inc. participate in deliberations at operating companies by concurrently serving as directors and corporate auditors of these operating companies.* Conduct control has been put in place to prohibit concurrent assignment as a director of both Chubu Electric Power and Chubu Electric Power Grid and to require appropriate information blocking between them.Governance structures of Chubu Electric Power Grid and Chubu Electric Power MiraizChubu Electric Power seeks to optimize the management though respecting each operating company’s autonomous operations by instructions on plan formulation policies and progress management with regard to the achievement of targets and monitoring that focuses on the integrated management of risks, and thereby aims to maximize the value of the group as a whole.Outline of plan formulation and monitoringAs a shareholder, Chubu Electric Power implements governance measures, while ensuring JERA’s autonomous business operation and swift decision-making. Including risk management, Chubu Electric Power engages in dialogue among ofcers during visits to shareholders by JERA and performs quarterly monitoring of JERA.Governance over JERABusiness companiesPolicy instructionsProgress toward targetsImportantmattersBusinessplansChubu Electric Power Co., Inc.Board of DirectorsBoard of DirectorsBoard of DirectorsBoard of AuditorsPresidentCompliance CommitteeInternal Audit OfficeSenior Executive CommitteeRisk Management CommitteeMonitoring CommitteeInternal Audit GroupCompliance CommitteeCorporate Auditors PresidentPresidentCompliance CommitteeInternal Audit GroupCorporate Auditors Senior Executive CommitteeSenior Executive CommitteeRisks associated with important individual projectsRisk that could have a serious impact on management• Chubu Electric Power determines management strategies and the allocation of management resources and instructs each operating company about its roles.• Each operating company independently formulates and resolves on its business plans and key performance indicators (KPIs) based on its roles.Plan formation• Monitoring items include the effectiveness of strategies and progresses toward targets. Strategies may be revised in a flexible manner in accordance with business characteristics.• Changes in risks that could have a serious impact on management and risks associated with individual important projects are evaluated, and if there is a significant change, countermeasures and policies will be deliberated.MonitoringTop CommitmentValue CreationClimate ChangeBusiness ActivitiesHuman ResourcesFinancial / Corporate DataStrategy61Chubu Electric Power Group Report 2021Governance

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