Rebuilding the Pre-Review and Approval Process for Related-Party Transactions
First written in FY2016-Q2. 3 of 5 entries say "Restated". Latest entry: FY2024.
46 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「We have established rules and guidelines for managing related-party transactions, and transactions with related parties are submitted to the Board of Directors for prior approval.」
The Board of Directors’ prior approval procedures under the rules and guidelines for managing related-party transactions, together with confirmation of appropriateness by internal audit, continue to be applied. - FY2020RestatedAnnual report
「We have established rules and guidelines for managing related-party transactions, and transactions with related parties are submitted to the Board of Directors for prior approval.」
The rules and guidelines for related-party transactions and the process of obtaining prior approval from the Board of Directors continue to be applied. - FY2017RestatedAnnual report
「We have established rules and guidelines for managing related-party transactions, and transactions with related parties are submitted to the Board of Directors for prior approval.」
Prior deliberation and approval of related-party transactions, together with confirmation by internal audit, continue. - FY2016AdvancedAnnual report
「We have established rules and guidelines for managing related-party transactions, and for transactions with the parent company, we obtain advice and guidance from the Management Oversight Committee before seeking the Board of Directors’ prior approval.」
Rules and guidelines for managing related-party transactions have been established, and the prior approval process is being applied in practice to transactions with the parent company. - FY2016-Q2First statedAnnual report
「We reorganized the matters requiring deliberation and, in May 2016, established new rules for managing related-party transactions. These rules cover the identification of related-party transactions, deliberation by the Management Committee, and resolutions for prior approval by the Board of Directors. We also prepared guidelines for related-party transactions explaining the specific procedures for identifying related parties at the operational level and the workflow for obtaining prior approval of related-party transactions.」
The rules, guidelines, deliberation by the Management Committee, and prior approval by the Board of Directors are expressly identified as new procedures. The criteria for transactions subject to prior deliberation, including transactions above a specified amount, are also mentioned.