Separating and Accelerating Management Oversight and Business Execution
First written in FY2016. 6 of 11 entries say "Advanced", first in FY2019. Latest entry: 2026-06-30.
4 other companies' latest entry also says "Achieved".
- 2026-06-30AchievedGovernance
「(Corporate bodies) Article 4: In addition to a general meeting of shareholders and directors, the company shall establish the following bodies: 1. Board of Directors 2. Audit and Supervisory Committee 3. Accounting auditor」
The transition from a company with a Board of Corporate Auditors to a company with an Audit and Supervisory Committee was institutionalized through amendments to the Articles of Incorporation, which provide for an Audit and Supervisory Committee and stipulate the number and terms of directors and the election of directors serving as Audit and Supervisory Committee members. This marks progress from the previous stage of proposing the transition. - FY2026ReframedAnnual report
「The Company has proposed an amendment to part of its Articles of Incorporation as an agenda item for the Annual General Meeting of Shareholders scheduled for 26 June 2026. If the proposal is approved as originally submitted, the Company will change to a company with an Audit and Supervisory Committee on the same date.」
The Company has proposed changing from a company with a Board of Corporate Auditors to a company with an Audit and Supervisory Committee. If approved, the new oversight and audit structure will comprise 14 directors, including 7 outside directors, with 5 Audit and Supervisory Committee members responsible for audits. - FY2024RestatedAnnual report
「The Company has also established the Personnel Committee and the Governance and Compensation Committee as advisory bodies to the Board of Directors to strengthen management oversight. It has introduced an executive officer system to separate and strengthen management and oversight functions from business execution functions and to improve the efficiency and speed of management.」
The structure separating oversight and execution through the Personnel Committee, Governance and Compensation Committee and executive officer system remains in place. During the fiscal year, the Board of Directors met 14 times, the Personnel Committee met 2 times and the Governance and Compensation Committee met 4 times. - FY2023AdvancedAnnual report
「The Company has also established the Personnel Committee and the Governance and Compensation Committee as advisory bodies to the Board of Directors to strengthen management oversight. It has introduced an executive officer system to separate and strengthen management and oversight functions from business execution functions and to improve the efficiency and speed of management, and has established the Management Committee and the Special Officers' Meeting to improve the efficiency of business execution.」
The oversight structure through the Personnel Committee and the Governance and Compensation Committee is described, together with the number of meetings held and matters discussed: 14 Board of Directors meetings, 3 Personnel Committee meetings and 4 Governance and Compensation Committee meetings. - FY2021AdvancedAnnual report
「The Company has also established the Personnel Committee and the Governance and Compensation Committee as advisory bodies to the Board of Directors to strengthen management oversight. It has introduced an executive officer system to separate and strengthen management and oversight functions from business execution functions and to improve the efficiency and speed of management.」
The structure was made more specific by establishing the Personnel Committee and the Governance and Compensation Committee in place of the former advisory body for outside officers. The disclosure also describes the objectivity and transparency of nominations, compensation and governance through committees including outside directors and outside Audit & Supervisory Board members. - FY2019AdvancedAnnual report
「The Company has also established the Outside Officers Advisory Council, an advisory body to the Board of Directors comprising outside directors and outside Audit & Supervisory Board members, to strengthen management oversight. It has introduced an executive officer system to separate and strengthen management and oversight functions from business execution functions and to improve the efficiency and speed of management, and has established the Management Committee and the Special Officers' Meeting to improve the efficiency of business execution.」
In addition to the existing executive officer system and related arrangements, the Outside Officers Advisory Council was positioned as an advisory body to the Board of Directors, strengthening management oversight through the use of outside officers and demonstrating objectivity and transparency in nominations and compensation. - FY2016First statedAnnual report
「The Company has also introduced an executive officer system to separate and strengthen management and oversight functions from business execution functions and to improve the efficiency and speed of management. In addition, it has established the Management Committee and the Special Officers' Meeting to improve the efficiency of business execution.」
The Company describes a structure designed to strengthen the separation of oversight and execution and improve the efficiency and speed of decision-making through the executive officer system, the Management Committee and the Special Officers' Meeting.