The Global ExCo meetings are attended by the Group’s global executives.

The Global ExCo is an advisory body to the Group CEO that facilitates intensive discussions on key topics, such as Group growth strategies based on the future outlook and social environment, as well as the progress of business plans and how management issues are being addressed.

The most distinct feature of the Global ExCo is the sense of oneness and speed based on the three key principles set out when it was established, namely (1) Candor, (2) Group Best, and (3) Fact-based discussion of issues. During the meetings, the Business CEOs and Group CxOs who are highly diverse with different missions and nationalities frankly exchange opinions. They engage in future-oriented discussions while sometimes gaining fresh insights and creating positive conflict. Before the meeting is concluded, all members reconfirm the agreed matters, identified challenges, etc. Each member then swiftly and reliably follows-up with appropriate actions in their own business/ functional area. This way of decision-making and proactive, top-down approach is the hallmarks of SOMPO-ness.

The Global ExCo meets five to six times a year. The agenda items are carefully selected and the discussion points are clarified beforehand so that the necessary discussions can be completed within the limited amount of time. The active participation of all members is also required on the day.

In fiscal 2022, the Global ExCo discussed how existing businesses are working towards meeting the targets of the current Mid-Term Management Plan (FY2021–2023), the measures aimed at creating a conglomerate premium, the Real Data Platform (RDP) strategy, and the investment projects in and outside Japan to spur further growth. In addition, the Global ExCo discussed medium- and long-term Group management strategies in light of the rapidly changing business environment and demographic change.

In fiscal 2023, the Global ExCo plans to discuss the selection of optimal business strategies toward the Group’s medium- and long-term vision, how Group resources should be allocated for this, improving communication with stakeholders, and increasing enterprise value.