Introduction of Audit & Supervisory Board Effectiveness Evaluation
First written in FY2021. 3 of 4 entries say "Advanced", first in FY2022. Latest entry: FY2024.
6 other companies' latest entry also says "Advanced".
- FY2024AdvancedAnnual report
「During the fiscal year, the Audit & Supervisory Board held 13 meetings in total, consisting of 12 regular meetings and 1 extraordinary meeting. At the beginning of the fiscal year, it established the annual audit policy, audit plan and division of duties, and conducted audit activities generally as planned, using a web conferencing system.」
In addition to continuing the Audit & Supervisory Board effectiveness evaluation, the company held 13 meetings during the fiscal year, consisting of 12 regular meetings and 1 extraordinary meeting, and conducted audit activities based on its plan. - FY2023AdvancedAnnual report
「To enhance the corporate governance system by improving the quality of audit activities, the company conducted the Audit & Supervisory Board effectiveness evaluation, as it had in the previous fiscal year, in discussion format so that each Audit & Supervisory Board Member could freely express opinions.」
The company continues to conduct the Audit & Supervisory Board effectiveness evaluation and is working to assign Audit & Supervisory Board staff and establish a three-lines-of-defense framework in response to issues identified in the previous evaluation concerning the audit environment and the appropriate approach to governance and auditing. - FY2022AdvancedAnnual report
「In addition, the company's Audit & Supervisory Board conducted an effectiveness evaluation, as it had in the previous fiscal year, to enhance the corporate governance system by improving the quality of audit activities. The evaluation was conducted in discussion format so that each Audit & Supervisory Board Member could freely express opinions. The 4 Audit & Supervisory Board Members reviewed and evaluated the previous fiscal year's audit activities with respect to (1) the operation of the Audit & Supervisory Board, (2) the effectiveness of the full-time Audit & Supervisory Board Member's collection and sharing of internal information, and (3) the evaluation of and effectiveness of cooperation with the accounting auditor. Following discussion, the evaluation concluded that the Audit & Supervisory Board was functioning effectively.」
The company conducted the Audit & Supervisory Board effectiveness evaluation for the second consecutive year and developed the process from a questionnaire format into a discussion format. It used web conferences in response to restrictions on site visits and also held discussions with employees. - FY2021First statedAnnual report
「In addition, the company's Audit & Supervisory Board conducted an effectiveness evaluation by questionnaire for the first time this fiscal year to enhance the corporate governance system by improving the quality of audit activities. The 4 Audit & Supervisory Board Members reviewed and evaluated the previous fiscal year's audit activities with respect to (1) the operation of the Audit & Supervisory Board, (2) the effectiveness of the full-time Audit & Supervisory Board Member's collection and sharing of internal information, and (3) the evaluation of and effectiveness of cooperation with the accounting auditor. Following discussion, the evaluation concluded that the Audit & Supervisory Board was functioning effectively.」
The company introduced an effectiveness evaluation by questionnaire conducted by 4 Audit & Supervisory Board Members this fiscal year, covering the operation of the Audit & Supervisory Board, information sharing and cooperation with the accounting auditor.