Strengthening Governance by Transitioning to a Company with an Audit and Supervisory Committee
First written in FY2016. 8 of 14 entries say "Advanced", first in FY2020. Latest entry: 2026-07-22.
42 other companies' latest entry also says "Advanced".
- FY2026RestatedAnnual report
「To further strengthen corporate governance, the company amended part of its Articles of Incorporation at the 13th Ordinary General Meeting of Shareholders held on 24 June 2016 and changed from a company with a Board of Corporate Auditors to a company with an Audit and Supervisory Committee.」
The company continues to describe the change to a company with an Audit and Supervisory Committee, the delegation of authority from the Board of Directors to the Representative Director, President and others, and the supervisory structure as the foundations of its governance. - FY2025RestatedAnnual report
「To further strengthen corporate governance, the company amended part of its Articles of Incorporation at the 13th Ordinary General Meeting of Shareholders held on 24 June 2016 and changed from a company with a Board of Corporate Auditors to a company with an Audit and Supervisory Committee. This has encouraged prompt and decisive management decisions by delegating authority over business execution from the Board of Directors to the Representative Director, President and others.」
The company continues to describe the change to a company with an Audit and Supervisory Committee, the delegation of authority and the supervisory structure as the foundations of its governance. - FY2023RestatedAnnual report
「To further strengthen corporate governance, the company amended part of its Articles of Incorporation at the 13th Ordinary General Meeting of Shareholders held on 24 June 2016 and changed from a company with a Board of Corporate Auditors to a company with an Audit and Supervisory Committee. This has encouraged prompt and decisive management decisions by delegating authority over business execution from the Board of Directors to the Representative Director, President and others.」
The company reconfirms that the change to a company with an Audit and Supervisory Committee, together with the delegation of authority from the Board of Directors to the Representative Director, President and others, provides a structure for prompt decision-making and supervision. - FY2021AdvancedAnnual report
「Since May 2021, the committee has been the body responsible for determining the amount and payment timing of individual compensation for directors, excluding directors who are Audit and Supervisory Committee members. By increasing the involvement of independent outside directors, the company seeks to further improve the transparency and fairness of decisions concerning the details of individual compensation and related matters.」
The Nomination and Compensation Advisory Committee has become the body responsible for determining individual compensation for directors, with operations evolving to increase the involvement of independent outside directors. - FY2020AdvancedAnnual report
「In addition, since May 2020, an independent outside director who is an Audit and Supervisory Committee member has served as chair of the committee instead of the Representative Director, in order to further enhance its independence.」
The company states that the Nomination and Compensation Advisory Committee, established in December 2018, changed to a structure in which an independent outside director has served as chair since May 2020. - FY2018RestatedAnnual report
「To further strengthen corporate governance, the company amended part of its Articles of Incorporation at the 13th Ordinary General Meeting of Shareholders held on 24 June 2016 and, effective the same day, changed from a company with a Board of Corporate Auditors to a company with an Audit and Supervisory Committee. The Board of Directors consists of 5 directors, including 3 outside directors, and ordinarily meets once a month in principle, with extraordinary meetings held as necessary.」
The company continues to describe the change to a company with an Audit and Supervisory Committee as the foundation for stronger governance, along with an operating structure comprising a 5-member Board of Directors, including 3 outside directors, and regular meetings held once a month. - FY2016First statedAnnual report
「To further strengthen corporate governance, the company amended part of its Articles of Incorporation at the 13th Ordinary General Meeting of Shareholders held on 24 June 2016 and, effective the same day, changed from a company with a Board of Corporate Auditors to a company with an Audit and Supervisory Committee.」
The company describes a supervisory structure comprising a 6-member Board of Directors, including 3 outside directors who are Audit and Supervisory Committee members, the Audit and Supervisory Committee, and the internal audit department.