Mizuho Financial Group, Inc. (President & Group CEO: Masahiro Kihara; “MHFG”) has established and announced our 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 FY2021 Action Plan Initiatives and the FY2022 Action Plan.3
In FY2021, we took the initiative in implementing new measures such as consolidating trust fee rates for index mutual funds linked to the same index for face-to-face transactions, reducing fees and disclosing the breakdown of fees for certain types of fund wraps, and introducing material information sheets for individual products.
Mizuho will continue to provide products and services that are useful to our customers in a courteous manner tailored to each customer by working as a group to continue to be the most-trusted financial group as a mid- to long-term partner.
- Policies Regarding Mizuho’s Fiduciary Duties
https://www.mizuhogroup.com/binaries/content/assets/pdf/mizuhoglobal/news/2017/03/20170330_2release_jp_1-1.pdf - 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.
- Ahead of this announcement, we held the Eighth 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, Graduate School of Law, Gakushuin University; Professor Emeritus, University of Tokyo |
| Tadashi Oka | General Manager, Investment Trust Business Department, Investment Evaluation Division, Rating and Investment Information, Inc. |
Attachment 1：Initiatives regarding Mizuho’s fiduciary duties (PDF/6,401KB)