Corporate Summary Executive Messages Business Strategy Financial Section Other Information Management Systems & CSR 36 Daiwa Securities Group Annual Report 2012 Corporate Governance Committee S y stem In 1999, Daiwa Securities Group Inc. became the first listed company in Japan to adopt a holding company  structure. In 2004, the Group introduced a Committee System of corporate governance with three major  committees that report to the Board—the Nominating Committee, Audit Committee and Compensation  Committee. It also increased the number of outside directors, and established a clear separation between  the oversight functions of the Board and the execution functions of corporate executive officers. Committee Members Ryuji Yasuda is currently a Professor of Hitotsubashi  University’s Graduate School of International Corpo- rate Strategy. Before that, he was a partner at  various prominent consulting firms. The Company  has drawn on Mr. Yasuda’s specialized knowledge  and experience in management strategy nurtured  throughout his career for management advice. His  term as a director of the Board is nine years. Nominating Committee Shigeharu Suzuki (Chairman) Takashi Hibino Ryuji Yasuda Nobuko Matsubara Keiichi Tadaki Kensuke Itoh Koichi Uno (Chairman) Toshihiko Onishi Nobuko Matsubara Keiichi Tadaki Shigeharu Suzuki (Chairman) Takashi Hibino Ryuji Yasuda Koichi Uno Kensuke Itoh Compensation Committee Audit Committee Outside Director (Member of the Board) Member of the Board Toshihiko Onishi Ryuji Yasuda 1976  Joined Morgan Guaranty Trust Company of  New York (currently JPMorgan Chase & Co.)  as Investment Research Officer 1979  Joined McKinsey & Company 1996  Managing Director, Asia Pacific, Member of the Board of Management, A.T. Kearney, Inc. 2002  Chairman of A.T. Kearney, Far East Asia  Visiting Professor, Hitotsubashi University,  Graduate School of International Corporate  Strategy 2003  Stepped down as Chairman of A.T. Kearney,  Far East Asia Chairman of the Board, J-Will Partners  Co., Ltd. Outside Director (Member of the Board), Daiwa Securities Group Inc. 2004  Professor, Hitotsubashi University, Graduate School of International Corporate  Strategy 2006  Stepped down as Chairman of the Board,  J-Will Partners Co., Ltd. 1984  Joined Daiwa Securities Co. Ltd. 2007  Managing Director and Assistant to  Head of Planning of Daiwa Securities  SMBC Co. Ltd. Seconded to Daiwa Securities SMBC  Principal Investments Co. Ltd. (currently, Daiwa PI Partners Co. Ltd.) Member of the Board and Executive Managing Director, Daiwa Securities  SMBC Principal Investments Co. Ltd. 2008  Senior Managing Director, Daiwa Securities SMBC Co. Ltd. 2011  Member of the Board, Daiwa Securities Group Inc.