Strengthening oversight and decision-making through the transition to a company with an Audit and Supervisory Committee
First written in FY2021. 2 of 3 entries say "Advanced", first in FY2022. Latest entry: FY2023.
41 other companies' latest entry also says "Advanced".
- FY2023AdvancedAnnual report
「Following the transition to a company with an Audit and Supervisory Committee, the Audit and Supervisory Committee met 12 times during the fiscal year ended September 2023, receiving reports on, discussing and adopting resolutions on important audit-related matters.」
Following the transition to a company with an Audit and Supervisory Committee, the number of committee meetings increased from 9 in the previous fiscal year to 12, with audit matters reported, discussed and resolved in practice. - FY2022AdvancedAnnual report
「The Audit and Supervisory Committee consists of 1 full-time director who is an Audit and Supervisory Committee Member and 2 independent outside directors who are Audit and Supervisory Committee Members. It generally meets once a month and conducts audits of the legality and appropriateness of business and financial operations based on the audit policy and audit plan determined by the Audit and Supervisory Committee at the beginning of the fiscal year, while maintaining close coordination with the Internal Audit Office and the audit firm. Following the transition to a company with an Audit and Supervisory Committee, the Audit and Supervisory Committee met 9 times during the fiscal year ended September 2022, receiving reports on, discussing and adopting resolutions on important audit-related matters.」
Following the transition to a company with an Audit and Supervisory Committee, the committee, including 2 independent outside directors, met 9 times, with coordination among the Audit and Supervisory Committee, the Internal Audit Office and the audit firm put into operation. - FY2021First statedAnnual report
「To further enhance management transparency and enable faster decision-making, the Company transitioned to a company with an Audit and Supervisory Committee pursuant to a resolution of the Annual General Meeting of Shareholders held on 17 December 2021. Through this transition, the Company seeks to strengthen its supervisory functions and accelerate decision-making.」
The Company changed from a company with a Board of Corporate Auditors to a company with an Audit and Supervisory Committee on 17 December 2021, introducing a new corporate governance structure to strengthen supervisory functions and accelerate decision-making.