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Investor Presentaiton

Benefits of an Audit and Supervisory Committee Dai-ichi Life Holdings ■The Group has evolved into a diversified life insurance group which requires a high degree of professionalism in management. The Board will strike a balance between inside directors who are well versed in the business and outside directors with extensive experience and insight. The Audit & Supervisory Committee will act from a highly independent standpoint, engaging in realistic, appropriate decision-making ■ Ensures transparency of the decision-making through the Nomination Advisory Committee and the Remuneration Advisory Committee stipulated in the Articles of Incorporation Shareholders' Meeting Dai-ichi Life Holdings Appoint- ment Appoint- ment BOD ASC* more than half by outside directors Audit Strengthened internal check system ✓ Audit and Supervisory Committee ✓ Outside directors occupy the majority Realistic and appropriate decision-making ✓ Striking a balance between inside directors and outside directors ✓ Outside directors to account for one-third of the board Directors (except ASC members) Delegation of Authority Directors (ASC members) More than 1/3 seats by outside directors (plan) Deliberate matters relating to the election and dismissal of and compensation system for directors and executives Nomination Advisory *Audit & Supervisory Committee Committee more than half by outside directors Remuneration Advisory Committee Business administration Group Companies more than half by outside directors Transparent and objective management Nomination Advisory Committee and Remuneration Advisory Committee stipulated in Article of Incorporation (both to have a majority of outside directors) * Stock options account for 20 percent of the total management remuneration (FY March 2016) Swift decision-making ✓ The board will delegate certain powers such as execution of important operations 35
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