The Company’s two outside auditors were appointed on the basis of their wide-ranging knowl- edge and deep insight of corporate management based on extensive managerial experience. It  was judged that both would perform well in their role as an outside auditor in monitoring the  overall management of the JS Group Corporation. The Company’s Board of Directors and Board of Corporate Auditors each held 15 meetings  during the period from April 2009 to March 2010. Outside auditor Yoshifumi Ohno attended all  these meetings, while outside auditor Noritaka Shimizu attended 14 of each meeting. At these  meetings, both outside auditors made statements as necessary from the standpoint of their  deep insight and wide-ranging knowledge of corporate management based on years of manage- rial experience, exchanged opinions regarding audit results and discussed important matters  related to audits. Outside auditor Yoshifumi Ohno worked for a financial institution in the past, but the Com- pany believes a certain degree of independence is assured. Outside auditor Noritaka Shimizu  was appointed as an independent corporate auditor of the Company who does not infringe  either of the evaluation standards concerning independence of independent directors and corpo- rate auditors stipulated by the Tokyo Stock Exchange because management judged there was  no risk of a conflict of interest with ordinary shareholders. When the Company holds a meeting of the Board of Directors, reference materials are distrib- uted in advance to the outside directors and outside auditors, and the Company also provides  office services to directors and auditors to handle individual inquiries. Furthermore, a workspace  is made available for outside directors and auditors. Support Framework for  Outside Directors (Outside Auditors) Outside Auditors The JS Group Corporation has established provisions in its Articles of Incorporation regarding  liability-limiting contracts for outside directors and outside auditors. Based on these Articles of  Incorporation, the JS Group Corporation has concluded liability-limiting contracts with all of its  outside directors and outside auditors. The outlines of these contracts are as follows. Regarding the liability of an outside director or an outside auditor for compensatory damages  resulting from neglect of his/her duties, after conclusion of this contract, the liability shall be  limited to the higher of ¥10 million or the amount provided for by laws or regulations, if the out- side director or outside auditor acted in good faith and without gross negligence in the perfor- mance of his/her duties. Liability-limiting Contracts  for Outside Directors and  Outside Auditors Overview of Liability-limited Contracts Director and Corporate Auditor Remuneration Remuneration paid to the Company’s directors and corporate auditors in the year ended March  31, 2010 was as per the table below. Total Remuneration (Millions of yen) Total Remuneration  by Type (Millions of yen) Number of  Corporate Officers  Eligible for  Remuneration Basic Remuneration Directors (Excluding outside directors) 197 197 7 Corporate auditors (Excluding outside auditors) 39 39 2 Outside directors and outside auditors 26 26 4 JS Group Corporation Annual Report 2010 40