Main Activities of the Board of Directors

For swift and dynamic decision-making by the Board of Directors, it convenes in principle once monthly and also meets on an ad hoc basis whenever necessary. TIS holds an information meeting once a year to present its business direction, as well as meetings ahead of Board of Directors' meetings - in principle, twice a month - to give external directors and external members of the Audit & Supervisory Board sufficient background information to participate in discussions. In addition, the Company organizes study sessions with experts - in-house and external - and arranges visits to local Group facilities and offices. TIS also creates opportunities for external directors to exchange opinions with the President and convenes meetings that involve only external directors and external members of the Audit & Supervisory Board. This facilitates smooth but vigorous discussion by the Board of Directors.

Main Activities of the Board of Directors (Year ended March 31, 2024)

We implements the following measures to enhance effectiveness of Board of Directors and improve corporate governance code.

• Expand the disucussion about group vision, Medium-Term Management Plan, management poliy and strategic important matters.
• Engage external experts and hold study sessions about corporate governance