Function, Role, and Appointment of Outside Directors and Outside Audit & Supervisory Board Members Canon Inc. established the “Independence Standards for Independent Directors/Audit and Supervisory Board Members,” resolved by the Board of Directors with the consent of all Audit & Supervisory Board Members, in order to clarify the standards for ensuring independence of Independent Directors /Audit & Supervisory Board Members of Canon Inc., taking into consideration Japan’s Corporate Governance Code (Principle criteria set by securities exchanges in Japan.