Management Oversight Through Outside Directors and the Audit Structure
First written in FY2016. 4 of 12 entries say "Advanced", first in FY2017. Latest entry: FY2026.
The whole theme swung hardest in 2023: 3 of 24 companies on the "Worse" side.
17 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「The Company has proposed, as an agenda item for the ordinary general meeting of shareholders scheduled for 29 September 2026, the election of 8 directors. If the proposal is approved and adopted, the Company's Board of Directors will consist of 8 directors, including 4 outside directors.」
A change in the composition from the current 7 directors, including 4 outside directors, to 8 directors, including 4 outside directors, has been proposed, subject to approval at the ordinary general meeting of shareholders. - FY2025RestatedAnnual report
「As of the filing date, the Company's Board of Directors consisted of the 7 directors, including 4 outside directors, listed under “(2) Directors and Audit & Supervisory Board Members.” In accordance with the Board of Directors Regulations, the Company holds regular meetings once a month, reports on monthly results and, as necessary, extraordinary meetings of the Board of Directors. In addition to deliberating and deciding on matters prescribed by law and important management matters, the Board monitors the execution of directors' duties.」
The structure of 7 directors, including 4 outside directors, and 3 outside Audit & Supervisory Board members, together with monitoring through monthly reports and the Board of Directors, continues. - FY2024AdvancedAnnual report
「As of the filing date, the Company's Board of Directors consisted of the 7 directors, including 4 outside directors, listed under “(2) Directors and Audit & Supervisory Board Members.” In accordance with the Board of Directors Regulations, the Company holds regular meetings once a month, reports on monthly results and, as necessary, extraordinary meetings of the Board of Directors. In addition to deliberating and deciding on matters prescribed by law and important management matters, the Board monitors the execution of directors' duties.」
The Board of Directors changed to 7 directors, including 4 outside directors, while the Audit & Supervisory Board, consisting of 3 outside members, was maintained. The establishment of a Nominating and Compensation Advisory Committee, including at least half independent outside directors, is also described. - FY2022-Q3Change in Officer CompositionAnnual report
「Full-time Audit & Supervisory Board member Nanbu Mamoru (南部 守), 1 April 2022」
The changes in officers up to the filing date include Nanbu Mamoru (南部 守) becoming a full-time Audit & Supervisory Board member effective 1 April 2022. - FY2022-Q2Change in Officer CompositionAnnual report
「Director Adachi Masafumi (安達 昌史), 16 December 2021; Director Namekata Kazumasa (行方 一正), 16 December 2021; part-time Audit & Supervisory Board member Tomonari Ryota (友成 亮太), 16 December 2021; part-time Audit & Supervisory Board member Yokoyama Masahiro (横山 正宏), 16 December 2021.」
Effective 16 December 2021, 2 directors and 2 outside Audit & Supervisory Board members became newly appointed. The Senior Managing Director, a director, the full-time Audit & Supervisory Board member and the part-time Audit & Supervisory Board member also retired, and the position of an Audit & Supervisory Board member was changed. - FY2020RestatedAnnual report
「As of the filing date, the Company's Board of Directors consisted of the 5 directors, including 2 outside directors, listed under “(2) Directors and Audit & Supervisory Board Members.” In accordance with the Board of Directors Regulations, the Company holds regular meetings once a month, reports on monthly results and, as necessary, extraordinary meetings of the Board of Directors. In addition to deliberating and deciding on matters prescribed by law and important management matters, the Board monitors the execution of directors' duties.」
The Board of Directors maintains a structure of 5 directors, including 2 outside directors, with a monitoring framework based on monthly regular meetings and other measures. - FY2019RestatedAnnual report
「As of the filing date, the Company's Board of Directors consisted of the 5 directors, including 2 outside directors, listed under “(2) Directors and Audit & Supervisory Board Members.”」
The Board of Directors continues to consist of 5 directors, including 2 outside directors, and the Audit & Supervisory Board of 3 members, including 2 outside members. - FY2018Change in board compositionAnnual report
「As of 28 September 2018, the Company's Board of Directors consisted of 5 directors, including 2 outside directors.」
The Board of Directors changed from the previous 8 directors, including 3 outside directors, to 5 directors, including 2 outside directors. - FY2017AdvancedAnnual report
「As of 28 September 2017, the Company's Board of Directors consisted of 8 directors, including 3 outside directors. The Board of Directors is positioned as the Company's key management decision-making body. Through active discussions, it makes prompt and appropriate management decisions, seeks to clarify management accountability, and aims to achieve competitive and efficient management.」
The Board of Directors changed from 6 directors, including 1 outside director, to 8 directors, including 3 outside directors. The Audit & Supervisory Board also consists of 3 outside Audit & Supervisory Board members. - FY2016First statedAnnual report
「As of 28 September 2016, the company's Board of Directors consisted of 6 members, including 1 outside director. The Board is positioned as the central decision-making body for management and aims to make swift and appropriate management decisions through active discussions, clarify management responsibility, and achieve competitive and efficient management.」
Describes the monitoring and audit framework provided by the Board of Directors, including outside directors, the Audit & Supervisory Board, the Internal Audit Office and the accounting auditor.