Transition to a Company with an Audit and Supervisory Committee and Strengthening of Audit and Supervisory Functions
First written in FY2016. 4 of 7 entries say "Restated". Latest entry: FY2025.
KG Intelligence moved to the "Worse" side of this theme in 2026.
4 other companies' latest entry also says "Reframed".
- FY2025ReframedAnnual report
「The company has proposed, as agenda items for approval at the Annual General Meeting of Shareholders scheduled for 10 March 2026, the election of 4 directors other than directors serving as Audit and Supervisory Committee members and the election of 3 directors serving as Audit and Supervisory Committee members. If these proposals are approved, the company will have 8 directors, including 4 outside directors.」
While maintaining its structure as a company with an Audit and Supervisory Committee and 4 outside directors, the company plans to change the composition of its Audit and Supervisory Committee members for the March 2026 shareholders' meeting. - FY2023AdvancedAnnual report
「The company has adopted the company-with-an-Audit-and-Supervisory-Committee structure and established a corporate governance system comprising a Board of Directors consisting of 8 directors, including 4 directors serving as Audit and Supervisory Committee members, and an Audit and Supervisory Committee consisting of 4 outside directors serving as Audit and Supervisory Committee members.」
While continuing its structure as a company with an Audit and Supervisory Committee, the number of Audit and Supervisory Committee members and outside directors has increased from 3 to 4. - FY2022RestatedAnnual report
「The company has adopted the company-with-an-Audit-and-Supervisory-Committee structure and established a corporate governance system comprising a Board of Directors consisting of 8 directors, including 3 directors serving as Audit and Supervisory Committee members, and an Audit and Supervisory Committee consisting of 3 outside directors serving as Audit and Supervisory Committee members.」
The company continues its structure as a company with an Audit and Supervisory Committee, with 8 directors and an Audit and Supervisory Committee consisting of 3 outside directors. - FY2019RestatedAnnual report
「The company has adopted the company-with-an-Audit-and-Supervisory-Committee structure and established a corporate governance system comprising a Board of Directors consisting of 8 directors, including 3 directors serving as Audit and Supervisory Committee members, and an Audit and Supervisory Committee consisting of 3 outside directors serving as Audit and Supervisory Committee members.」
The company continues its audit and supervisory structure as a company with an Audit and Supervisory Committee, with 8 directors and an Audit and Supervisory Committee consisting of 3 outside directors. - FY2018RestatedAnnual report
「The company has established an Audit and Supervisory Committee consisting of 3 or more directors, a majority of whom are outside directors, and granted directors serving as Audit and Supervisory Committee members voting rights at meetings of the Board of Directors, thereby strengthening its audit and supervisory functions and further enhancing its corporate governance system.」
The company continues its post-transition structure as a company with an Audit and Supervisory Committee and its strengthened audit and supervisory functions, including those of outside directors. - FY2017RestatedAnnual report
「At the 37th Annual General Meeting of Shareholders held on 10 March 2017, a proposal to amend the Articles of Incorporation to transition to a company with an Audit and Supervisory Committee was approved. Accordingly, effective that date, the company changed from a company with a Board of Corporate Auditors to a company with an Audit and Supervisory Committee. The company established an Audit and Supervisory Committee consisting of 3 or more directors, a majority of whom are outside directors, and granted directors serving as Audit and Supervisory Committee members voting rights at meetings of the Board of Directors, thereby seeking to strengthen its audit and supervisory functions and further enhance its corporate governance system.」
The company continues to describe its transition to a company with an Audit and Supervisory Committee and the strengthening of audit and supervisory functions through an Audit and Supervisory Committee consisting of at least 3 directors, a majority of whom are outside directors. - FY2016First statedAnnual report
「At the 37th Annual General Meeting of Shareholders held on 10 March 2017, a proposal to amend the Articles of Incorporation to transition to a company with an Audit and Supervisory Committee was approved. Accordingly, effective that date, the company changed from a company with a Board of Corporate Auditors to a company with an Audit and Supervisory Committee. The company established an Audit and Supervisory Committee consisting of 3 or more directors, a majority of whom are outside directors, and granted directors serving as Audit and Supervisory Committee members voting rights at meetings of the Board of Directors, thereby seeking to strengthen its audit and supervisory functions and further enhance its corporate governance system.」
Effective 10 March 2017, the company changed from a company with a Board of Corporate Auditors to a company with an Audit and Supervisory Committee, and stated its policy of strengthening audit and supervisory functions through an Audit and Supervisory Committee consisting of at least 3 directors, a majority of whom are outside directors.