Corporate Governance and Internal Controls Including the Audit and Supervisory Committee and Outside Directors
First written in FY2017. 7 of 11 entries say "Advanced", first in FY2018-Q3. Latest entry: 2026-08-05.
The whole theme swung hardest in 2025: 15 of 100 companies on the "Worse" side.
63 other companies' latest entry also says "Advanced".
- 2026-08-05AdvancedM&A and Subsidiary Changes
「We exclude directors with an interest in transactions with the controlling shareholder from deliberations and confirm the views of directors who are Audit and Supervisory Committee members, thereby avoiding conflicts of interest and ensuring fairness in the decision-making process.」
For transactions with the controlling shareholder, the Company disclosed specific procedures to avoid conflicts of interest and ensure fair decision-making, including excluding interested directors from deliberations, confirming the views of Audit and Supervisory Committee members and obtaining a third-party opinion letter. - FY2025AdvancedAnnual report
「During the fiscal year, the Company held 12 meetings of the Audit and Supervisory Committee. Kondo Kenta (近藤 健太), Sato Issei (佐藤 一石) and Daitoku Tetsuo (大德 哲雄) each attended all 12 meetings. Each meeting lasted approximately 30 minutes.」
The Company disclosed that it held 12 Audit and Supervisory Committee meetings and that all 3 members attended every meeting. The Audit and Supervisory Committee members' attendance rate at Board of Directors meetings was also 100.0%, providing specific details of its audit and monitoring activities. - FY2024AdvancedAnnual report
「During the fiscal year, the Company held 11 meetings of the Audit and Supervisory Committee. Kondo Kenta (近藤 健太), Sato Issei (佐藤 一石) and Daitoku Tetsuo (大德 哲雄) each attended all 11 meetings. Each meeting lasted approximately 30 minutes.」
The Company held 11 Audit and Supervisory Committee meetings, with all members attending every meeting, and disclosed that the Audit and Supervisory Committee members' attendance rate at Board of Directors meetings was 100.0%, providing specific details of its audit and monitoring activities. - FY2023AdvancedAnnual report
「During the fiscal year, the Company held 10 meetings of the Audit and Supervisory Committee. Kondo Kenta (近藤 健太) attended 10 meetings, Sato Issei (佐藤 一石) attended 10 meetings and Daitoku Tetsuo (大德 哲雄) attended 9 meetings. Each meeting lasted approximately 30 minutes.」
The Company disclosed the number of Audit and Supervisory Committee meetings, committee members' attendance, a 97.6% attendance rate at Board of Directors meetings and participation in important meetings, providing specific details of its audit and monitoring activities. - FY2021AdvancedAnnual report
「During the fiscal year, the Company held 12 meetings of the Audit and Supervisory Committee. Kondo Kenta (近藤 健太) attended 11 meetings, Sato Issei (佐藤 一石) attended 12 meetings and Daitoku Tetsuo (大德 哲雄) attended 12 meetings. Each meeting lasted approximately 30 minutes.」
The Company disclosed the number of Audit and Supervisory Committee meetings, committee members' attendance and a 92.3% attendance rate at Board of Directors meetings, providing specific details of its audit and monitoring activities. - FY2020RestatedAnnual report
「To establish a system for ensuring the appropriateness of operations and the reliability of financial reporting, the Company has formulated the following Basic Policy on the Internal Control System. The Board of Directors continuously reviews the development and operation of the internal control system and has established an efficient, lawful and appropriate system for executing operations.」
The Company continues to maintain a corporate governance and internal control policy combining the Audit and Supervisory Committee, internal audits, the Risk Management Committee and group-wide internal controls. - FY2019RestatedAnnual report
「Internal auditing is positioned as an important function for preventing misconduct, errors and other risks at the Company. The Internal Audit Office, staffed by 1 person, performs this function under the direct instruction of the Representative Director and President. Based on audit results, it issues improvement instructions to the audited departments as necessary, subsequently monitors the status of improvements as appropriate and works to ensure that improvements are made, thereby seeking to enhance the effectiveness of internal audits.」
The Company continues to describe its operating policies for corporate governance and internal controls, including internal audits, the Audit and Supervisory Committee, outside directors and the Risk Management Committee. - FY2019-Q2AdvancedAnnual report
「February 2019 Director serving as a member of the Audit and Supervisory Committee (incumbent)」
The newly appointed director became a director serving as a member of the Audit and Supervisory Committee, and the composition of the officers, including the Audit and Supervisory Committee members, changed. - FY2018RestatedAnnual report
「The Company has established a Risk Management Committee to identify risks that could have a significant impact on business operations, and to consider and promote the implementation of countermeasures.」
The corporate governance structure comprises the Audit and Supervisory Committee, outside directors, internal audits, the Risk Management Committee, compliance training, subsidiary management and the operation of internal controls. - FY2018-Q3AdvancedAnnual report
「In February 2018, GL appointed a new outside director to strengthen governance. The outside director was newly appointed as an audit committee member, and the Audit Committee was revamped.」
GL appointed an outside director and revamped its Audit Committee to strengthen governance. - FY2017First statedAnnual report
「At our company, the Audit and Supervisory Committee, including outside directors, audits the decision-making and business execution of the company, while mutual checks among directors enable the board itself to perform its supervisory and monitoring functions.」
The company describes a governance structure combining the Audit and Supervisory Committee, outside directors, mutual checks within the board, internal controls and internal audits.