Management StrategyMessage from External Members of the Board

GRI G4-35
External Board Member:Toru Tsuji

External Board Member

Toru Tsuji

Biography
1961.04 Joined Marubeni-Iida Co., Ltd.
1991.06 Member of the Board of Marubeni Corporation
1995.06 Managing Executive Officer,
Member of the Board
1996.04 Managing Executive Officer,
Representative Director
1997.06 Senior Managing Executive Officer,
Representative Director
1999.04 President and Chief Executive Officer,
Representative Director
2003.04 Chairman of the Board, Representative Director
2004.04 Chairman of the Board, Member of the Board
2008.04 Corporate Advisor, Member of the Board
2008.06 Corporate Advisor
2011.06 Member of the Board of Taisei Corporation
[Present Position]

Proactively Contributing to the Improvement of Information Transmission Capability for Stakeholders

We might call last year the "First Year of ESG Investment," with the rapid growth in the balance of ESG investment. Among the ESG investment criteria, expectations from capital markets and various stakeholders have been increasing year after year for the roles of external Board Members, who play a part in corporate governance of a company, which has given me a renewed determination to work hard to fulfill my duties and responsibilities.
In my opinion, the essence of corporate governance is information disclosure. That is to say, a company has established its corporate governance only after it has not only created rules and implemented initiatives for corporate governance, but also disclosed the information and made commitments related to it.
Since the formulation of the Corporate Governance Basic Policy in 2015, I have attended Taisei Corporation's Board of Directors meetings, and have come to evaluate that the Company appropriately implements the policy. Going forward, I expect that the Company will skillfully communicate its initiatives and results externally.
General contractors, as well as integrated trading companies, where I have spent most of my career, are regarded to have unclear management structures from the viewpoint of outsiders, including overseas investors. I will thus utilize my past experience and proactively contribute to Taisei Corporation's improvement of information transmission capability.

External Board Member:Fumio Sudo

External Board Member

Fumio Sudo

Biography
1964.04 Joined Kawasaki Steel Corporation
1994.06 Member of the Board of Kawasaki Steel Corporation
1997.06 Managing Executive Officer,
Member of the Board
2000.06 Executive Vice President,
Representative Director
2001.06 President and Chief Executive Officer,
Representative Director
2002.09 Member of the Board of JFE Holdings, Inc.
(Part-time)
2003.04 President and Chief Executive Officer,
Representative Director of JFE Steel Corporation
2005.04 President and Chief Executive Officer,
Representative Director of JFE Holdings, Inc.
2010.04 Director
2010.06 Honorary Advisor
2011.06 Member of the Board of Taisei Corporation
[Present Position]

Providing Highly Practicable Supervision and Advice from the Viewpoint of All Stakeholders to Contribute to Taisei Corporation's Sustainable Value Creation

Duties of external Board Members are to provide highly practicable supervision and advice to management and executive officers from an independent standpoint, as well as appropriately evaluating business results.
In the past few years, Taisei Corporation has conducted active discussion on objectives to be pursued, such as improvements to profitability and financial position, and improvements to shareholder returns and annual employee compensation, and the Company has effectively delivered results in each of these objectives.
In the meantime, there are signs that the business environment surrounding corporations is likely to change drastically in various industries both in Japan and abroad. It suggests the importance of constant study on medium- and long-term strategy, and of the capability to respond to more detailed and sincere corporate governance codes, and I believe these factors will determine the fate of corporations.
With a full awareness of the difficulty of these matters and the huge responsibilities of external Board Members, I faithfully perform duties from the standpoint of all stakeholders with a strong sense of commitment to helping Taisei Corporation's sustainable Value Creation.