Governance structure
Company with an Audit and Supervisory CommitteeTransition to a monitoring-type board in which outside directors comprise a majority, with an outside director serving as Chair of the Board. The Board Regulations were revised to expand the scope of delegated authority for important business execution. Coordination between the Nomination and Compensation Committee and the Board was strengthened, and a Risk Subcommittee was established.
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with an Audit and Supervisory Committee |
| Number of directors | 9 directors in total, including 5 outside directors (2 outside directors among the 5 directors who are not Audit and Supervisory Committee members, and 3 outside directors among the 4 Audit and Supervisory Committee members) |
| Committee | Nomination and Compensation Committee (proportion of outside members: Not disclosed), Sustainability Committee, Risk Subcommittee |
| Changes this time | Transition to a monitoring-type board in which outside directors comprise a majority, with an outside director serving as Chair of the Board. The Board Regulations were revised to expand the scope of delegated authority for important business execution. Coordination between the Nomination and Compensation Committee and the Board was strengthened, and a Risk Subcommittee was established. |
Items this document does not state (4)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.Improvements were confirmed through open and vigorous discussions, including with outside directors, improvements to the Board’s operating methods, and enhanced information provision. At the same time, we recognize the need for further enhancement in risk management, oversight of material risk matters, and monitoring of succession planning.