Transition to a Company with an Audit and Supervisory Committee
First written in FY2023. 1 of 2 entries say "Advanced", first in FY2024. Latest entry: FY2024.
41 other companies' latest entry also says "Advanced".
- FY2024AdvancedAnnual report
「The company has adopted a company with an Audit and Supervisory Committee to accelerate decision-making. In addition, by having outside directors comprise a majority of the Board of Directors, it aims to enrich discussions of management policies and other matters and further enhance corporate governance by strengthening the Board's supervisory function over management. The Board currently consists of 12 directors, including 7 outside directors.」
The company describes the governance structure following its transition to a company with an Audit and Supervisory Committee in June 2023, including faster decision-making, a majority of outside directors, and 7 outside directors out of 12. - FY2023First statedAnnual report
「With the approval of shareholders at the 143rd Annual General Meeting of Shareholders held on 23 June 2023, the company transitioned to a company with an Audit and Supervisory Committee at the close of that meeting. The transition aims to accelerate decision-making, enrich discussions of management policies and other matters by the Board of Directors, strengthen the Board's supervisory function over management, and further enhance corporate governance.」
Effective 23 June 2023, the company transitioned from a company with a Board of Corporate Auditors to a company with an Audit and Supervisory Committee, with the aims of accelerating decision-making, enriching Board discussions, and strengthening the supervisory function.