Group Governance Structure Centered on the Board of Directors and Board of Corporate Auditors
First written in FY2017. 8 of 12 entries say "Advanced", first in FY2018. Latest entry: FY2026.
1 other company's latest entry also says "Achieved".
- FY2026AchievedAnnual report
「With the approval of the 9th Annual General Meeting of Shareholders held on 25 June 2025, the company changed from a company with an Audit & Supervisory Board to a company with an Audit & Supervisory Committee effective the same date. By making Audit & Supervisory Committee members, who audit and oversee directors' execution of duties, members of the Board of Directors, the company has further strengthened the Board's oversight function and enhanced the transparency and objectivity of management.」
The company has changed from a company with an Audit & Supervisory Board to a company with an Audit & Supervisory Committee and operates a governance framework in which Audit & Supervisory Committee members serve as members of the Board of Directors. - FY2025AdvancedAnnual report
「Subject to approval at the 9th Annual General Meeting of Shareholders to be held on 25 June 2025, the company will change from a company with an Audit & Supervisory Board to a company with an Audit & Supervisory Committee.」
In connection with the change to a company with an Audit & Supervisory Committee, the company plans to substantially delegate authority for business execution, integrate the Governance Committee and Nomination Advisory Committee, convert the Compliance Committee into an advisory body, and establish an Audit Department and an Audit & Supervisory Committee Office. - FY2024AdvancedAnnual report
「We have adopted a company with an Audit & Supervisory Board structure and require independent outside directors to account for at least one-third of the Board of Directors.」
The company explicitly states its governance policy of having independent outside directors account for at least one-third of the Board of Directors and discloses a structure including 4 outside directors. - FY2023AdvancedAnnual report
「The Board of Directors' activities in fiscal 2022 were as follows: Number of meetings: 15」
The company discloses the number of meetings, attendance, and specific matters deliberated by the Board of Directors and the Nomination, Compensation, Governance, and Sustainability committees, demonstrating the operating record of its governance framework. - FY2022AdvancedAnnual report
「The Board of Directors met 14 times in fiscal 2021, and the attendance rate of directors and Audit & Supervisory Board members was 100%.」
In addition to the Board of Directors and Audit & Supervisory Board, the company provides specific disclosure on the composition, number of meetings, and attendance of the Nomination, Compensation, Governance, and Sustainability committees, demonstrating the operating record of its governance framework. - FY2020AdvancedAnnual report
「Based on this basic approach, we have established the Basic Policy on Corporate Governance and seek to ensure effective corporate governance and highly transparent management to enhance corporate value over the medium to long term.」
In addition to the existing framework of the Board of Directors, Audit & Supervisory Board, and advisory committees, the company provides specific disclosure on its Basic Policy on Corporate Governance, committee meeting record, and oversight framework, including outside directors. - FY2019AdvancedAnnual report
「We have established a Nomination Advisory Committee to ensure transparency and objectivity in the process of deciding candidates for directors, Audit & Supervisory Board members, and executive officers.」
In addition to the existing Board of Directors, Audit & Supervisory Board, and Group Management Committee, the company has established a Nomination Advisory Committee, Compensation Advisory Committee, and Governance Committee, and discloses specific details on each committee's composition, matters deliberated, and meeting record. - FY2018AdvancedAnnual report
「In addition to holding regular Board of Directors meetings once a month, the Board of Directors holds extraordinary meetings as needed and in a timely manner.」
The company provides specific details on the governance framework and meeting and oversight procedures involving the Board of Directors, Group Management Committee, Audit & Supervisory Board, outside officers, and internal audit. - FY2017First statedAnnual report
「At our company, corporate governance means establishing a management organization for the entire Group with enhanced internal control functions, including supervision and monitoring, in order to fully fulfill our corporate social responsibility (CSR) based on the Group Philosophy, Management Vision, and Action Guidelines, earn the trust of all stakeholders, make accurate management decisions, and execute operations swiftly.」
The company describes its basic approach to corporate governance in a separate section, covering the Board of Directors, Group Management Committee, Audit & Supervisory Board, internal audit, and outside officers.