Transition to a Company with an Audit and Supervisory Committee and Faster Decision-Making
First written in FY2021. 3 of 4 entries say "Advanced", first in FY2022. Latest entry: FY2026.
41 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「The Company has expanded its executive officer system after transitioning to a company with an Audit and Supervisory Committee, in order to strengthen management oversight and monitoring functions, clarify execution functions, and achieve swift decision-making and agile business execution.」
While continuing to operate as a company with an Audit and Supervisory Committee, the Company has expanded its executive officer system and specified the separation of oversight and execution through the Executive Officer Committee, specially appointed officers for Audit and Supervisory Committee matters, and the Audit Office. - FY2023AdvancedAnnual report
「The Company operates as a company with an Audit and Supervisory Committee to strengthen the supervisory and monitoring functions of management and enable swift decision-making in response to changes in the business environment. Following the Annual General Meeting of Shareholders in June 2023, the Company also decided to clarify the distinction between management oversight and monitoring functions and execution functions, with the aim of increasing the agility of decision-making and business execution.」
In addition to operations following the transition to a company with an Audit and Supervisory Committee, the Company has, since the Annual General Meeting of Shareholders in June 2023, specified the separation of oversight and execution and faster decision-making through enhanced functions for executive officers. - FY2022AdvancedAnnual report
「The Company has adopted the Audit and Supervisory Committee system to strengthen the supervisory functions of the Board of Directors and enable swift decision-making in response to changes in the business environment.」
Following the transition to a company with an Audit and Supervisory Committee, the Company operates the Board of Directors, executive committee, and Audit and Supervisory Committee on a monthly basis, with the Audit and Supervisory Committee meeting 9 times during the year. - FY2021First statedAnnual report
「Following approval of amendments to the Articles of Incorporation at the 70th Annual General Meeting of Shareholders held on 29 June 2021, the Company transitioned to a company with an Audit and Supervisory Committee. The amendments also provided, pursuant to Article 399-13, paragraph 6 of the Companies Act, that all or part of important business execution may be delegated to directors by resolution of the Board of Directors. In response, the Company resolved to revise its Board of Directors regulations and established an environment for faster decision-making on business execution by reviewing criteria for determining materiality and other matters.」
The Company has for the first time described the transition to a company with an Audit and Supervisory Committee, delegation of business execution from the Board of Directors to directors, and revision of the Board of Directors regulations as an integrated governance initiative.