It is stipulated that NBF should have one or more Executive Director and no more than four Supervisory Directors (provided, the number of Supervisory Directors should be the number of Executive Directors plus 1 or more). Please click here to see the composition of the Board of Directors.

NBF’s Executive Director is not at the same time an executive of NBFM, the asset management company.

The organization of NBF consists of the General Meeting of unitholders composed of unitholders, one Executive Director, three Supervisory Directors and the Board of Directors composed of all Directors, as well as Accounting Auditors.

For details of the following organization of NBF please refer to " Structure of the Investment Corporation: Matters Concerning the Governance of the Investment Corporation[1.6MB]":

• ・General Meeting of unitholders
• ・Audit by Executive Director and Supervisory Directors, and the Board of Directors Meeting
• ・Accounting Auditor
• ・Internal management and audit organization, personnel and procedures of Supervisory Directors
• ・Internal management, audit by Supervisory Directors and mutual collaboration with the Accounting Auditor
• ・Status of establishment of management systems in affiliated companies by the Investment Corporation