Announcement of the "Progress Report on FY2018 Action Plan Initiatives" and "FY2019 Action Plan" related to fiduciary duties

July 11, 2019

Mizuho Financial Group, Inc. (President & Group CEO: Tatsufumi Sakai; "MHFG") has established and announced its Policies Regarding Mizuho's Fiduciary Duties1 ("Policies") with consideration to our customer–focused approach as part of the values and standards of behavior that all Mizuho employees and executive officers should uphold under Mizuho's Corporate Identity, and in order to fulfill our fiduciary duties2 which relate to the conduct of our asset management–related business.

Based on these Policies, MHFG and our group companies have released the attached Progress Report on the FY2018 Action Plan Initiatives and the FY2019 Action Plan .3

Given the importance of providing after–service support to our customers, under the FY2019 Action Plan we are working to enhance our consulting services that focus on the asset management goals of our individual customers, and take appropriate measures to respond to Japan's aging society in an era of lengthening lifespans.

As a long–term partner and in order to continue to be our customers' most–trusted financial services partner, we will continue our commitment to developing and pursuing customer–focused initiatives.

  • 1.Policies Regarding Mizuho's Fiduciary Duties
  • 2.Fiduciary duties is a general term for the broad range of roles and responsibilities that fiduciaries are expected to fulfill when engaging in certain business activities in order to live up to the trust that is placed in them by their customers.
  • 3.Ahead of this announcement, we held the Fifth Meeting of the Fiduciary Duty Advisory Committee and invited the following external experts to serve as advisors.
Panel of external experts (in alphabetical order by surname)
Name Post
Hideki Kanda Professor at Gakushuin University, Emeritus Professor at the University of Tokyo
Chiho Shimada Publisher and Editor–In–Chief of Ibbotson's Investment Trust Journal

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