Mutual Checks and Balances and Management Oversight by Outside Officers and Corporate Auditors
First written in FY2017. 4 of 8 entries say "Advanced", first in FY2020. Latest entry: FY2026.
The whole theme swung hardest in 2023: 14 of 103 companies on the "Worse" side.
57 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「During the fiscal year, the Company held 13 meetings of the Board of Directors, and the attendance of each director was as follows.」
In addition to the existing oversight structure involving outside officers and Audit & Supervisory Board members, the Company disclosed that the Board of Directors held 13 meetings during the year and that all directors and Audit & Supervisory Board members attended every meeting. The Nomination and Compensation Committee also met twice to deliberate director candidates, Representative Director evaluations and compensation, among other matters. - FY2025AdvancedAnnual report
「The Nomination and Compensation Committee meets in principle once a year. In response to consultations from the Board of Directors, it deliberates important matters relating to the appointment and dismissal of directors, compensation and other matters before making recommendations to the Board of Directors. The committee comprises 3 committees—the Director Evaluation Committee, Representative Director Evaluation Committee and Director Appointment Review Committee—each consisting of at least 3 directors, with outside directors accounting for at least two-thirds of its members, and delegated authority by the Board of Directors. Outside directors chair the Nomination and Compensation Committee and each of the 3 committees. Independence and objectivity are further enhanced by having the chair of the Nomination and Compensation Committee appoint the members of the Representative Director Evaluation Committee from among directors other than the Representative Director.」
In addition to the oversight structure involving 2 outside directors and 2 outside Audit & Supervisory Board members, the composition and meetings of the Nomination and Compensation Committee and its 3 subordinate committees, as well as the appointment of outside directors as committee chairs, were described in detail. - FY2022AdvancedAnnual report
「The 2 outside directors and 2 outside Audit & Supervisory Board members, 4 people in total, have been appointed as independent officers who are unlikely to have conflicts of interest with general shareholders.」
The appointment of 2 outside directors and 2 outside Audit & Supervisory Board members, 4 people in total, as independent officers was specified, clarifying the oversight and checks-and-balances structure involving outside officers. - FY2021RestatedAnnual report
「The Company's Board of Directors comprises 7 directors, including 2 outside directors. In principle, the Board of Directors meets once a month, creating a structure that enables important decisions relating to the execution of business operations to be made promptly.」
The composition of the 7-member Board of Directors, including 2 outside directors, and the decision-making and oversight structure, which in principle operates monthly, were described continuously. - FY2020AdvancedAnnual report
「The Company's Board of Directors comprises 7 directors, including 2 outside directors.」
The composition of the Board of Directors, including 2 outside directors, was specified, clarifying the structure for management oversight and mutual checks and balances by outside officers. - FY2019RestatedAnnual report
「The Company's Board of Directors is structured to serve not merely as a body for approving matters, but also as a decision-making body for the Company's business operations, with stronger mutual checks and balances, including oversight by each director of the Representative Director's execution of duties.」
The governance policy of continuing to position the Board of Directors as a forum for overseeing the Representative Director and maintaining mutual checks and balances, in addition to making decisions, was maintained. - FY2018RestatedAnnual report
「The Company's Board of Directors is structured to serve not merely as a body for approving matters, but also as a decision-making body for the Company's business operations, with stronger mutual checks and balances, including oversight by each director of the Representative Director's execution of duties.」
The policy of continuing to position the Board of Directors as a forum for overseeing the Representative Director and maintaining mutual checks and balances, in addition to making decisions, was stated. - FY2017First statedAnnual report
「The Company's Board of Directors is structured to serve not merely as a body for approving matters, but also as a decision-making body for the Company's business operations, with stronger mutual checks and balances, including oversight by each director of the Representative Director's execution of duties.」
The Board of Directors was positioned not only as a decision-making body but also as a forum for overseeing the Representative Director and maintaining mutual checks and balances, and the oversight structure, including outside directors and outside Audit & Supervisory Board members, was described.