Building a Board that Balances Diversity and Appropriate Size
First written in FY2021. 2 of 6 entries say "Advanced", first in FY2022. Latest entry: FY2026.
The whole theme swung hardest in 2019: 4 of 48 companies on the "Worse" side.
9 other companies' latest entry also says "Other".
- FY2026Board composition updatedAnnual report
「The Board of Directors consists of 10 directors, excluding directors who are Audit and Supervisory Committee members, including 5 outside directors, and 3 directors who are Audit and Supervisory Committee members, including 3 outside directors.」
The Board of Directors consists of 10 directors excluding directors who are Audit and Supervisory Committee members and 3 directors who are Audit and Supervisory Committee members, for a total of 8 outside directors. The filing also indicated that following the Annual General Meeting of Shareholders, the planned structure would be 10 directors, including 6 outside directors. - 2026-06-03SoftenedGeneral Meetings of Shareholders
「We are asking shareholders to elect 7 directors, a reduction of 3 directors from the current number, namely Masahiko Otsuki, Yasuo Takeda and Keiichi Nishikido.」
Presented a reduction in the planned number of directors from 10 to 7. The planned composition is 6 men and 1 woman, with women accounting for 14.3%. - FY2024Board composition updatedAnnual report
「The Board of Directors consists of 10 directors, excluding directors who are Audit and Supervisory Committee members, including 5 outside directors, and 3 directors who are Audit and Supervisory Committee members, including 2 outside directors.」
The Board's composition had decreased from the previously stated 12 directors, excluding directors who are Audit and Supervisory Committee members, to 10 as of the filing date. There were 7 outside directors, and the ratio of female officers was stated as 15.4%. - FY2023AdvancedAnnual report
「The Board of Directors consists of 12 directors, excluding directors who are Audit and Supervisory Committee members, including 5 outside directors, and 3 directors who are Audit and Supervisory Committee members, including 2 outside directors.」
Regarding a Board of Directors focused on supervisory functions and diversity, the filing described a structure of 15 directors, including 7 outside directors. The ratio of female officers was 15.4%, and the Board's expertise, including that of outside directors, was also expanded. - FY2022AdvancedAnnual report
「Regarding the number of company officers, at the General Meeting of Shareholders held on 23 June 2022, we revised the maximum number of directors, excluding directors who are Audit and Supervisory Committee members, from 10 to 15, and the maximum number of directors who are Audit and Supervisory Committee members from 5 to 7, respectively, with the aim of further strengthening the corporate governance structure and enhancing the Board of Directors' supervisory functions, thereby contributing to an increase in corporate value.」
To strengthen the Board of Directors' supervisory functions, the General Meeting of Shareholders held on 23 June 2022 increased the maximum number of directors and directors who are Audit and Supervisory Committee members to 15 and 7, respectively. - FY2021First statedAnnual report
「However, to achieve sustained growth in our corporate value by strengthening our corporate governance structure, we revised the annual remuneration limit for directors, excluding directors who are Audit and Supervisory Committee members, to no more than ¥1,200 million, including no more than ¥80 million for outside directors, at the General Meeting of Shareholders held on 24 June 2021. This was intended to secure outstanding personnel for a Board of Directors that balances diversity and an appropriate size, further strengthen the link between performance and compensation, and further increase directors' incentives to improve performance. The number of company officers covered by this resolution was 10.」
Securing personnel to achieve a Board of Directors that balances diversity and an appropriate size was identified as a new governance objective, and the filing described a structure with 10 directors and a revised remuneration limit.