Corporate Governance Structure

Olympus is a company with Nominating Committee, etc. Our current corporate governance structure is as follows:

The Board of Directors consists of 13 members, of which 10 are independent outside directors. The term of directors is one year.

The Board of Directors convenes at least once every three months and when needed. The Board of Directors determines matters related to basic policies of management and internal control systems and other important matters, and monitors the execution of the duties of directors and executive officers, etc. The Board of Directors is chaired by an independent outside director.

Olympus expects that outside directors will monitor management from the perspective of achieving sustainable growth of Olympus and enhancing corporate value over the medium to long term as entrusted by shareholders, and will provide advice based on their own knowledge. Olympus proactively provide directors with information to enable the effective execution of their roles and duties. The outside directors may at all times when needed or when considered appropriate require clarifications, reports or the submission of internal documents from internal directors, executive officers, corporate officers, and employees, so as to strengthen the functions of information transmission and monitoring and to create systems to ensure the soundness of management.

Overview of Corporate Governance Structure As of June 27, 2023

Format	A company with Nominating Committee, etc.
Adoption of corporate officer system	Yes
Directors	13
Of whom outside directors	10
Term of directors	1 Year
Independent officers	10
Board of Directors convened	16 times for the Fiscal Year Ended March 31, 2023
A performance linked compensation system	Yes