Establishment of a Governance Committee Centered on Independent Outside Directors
First written in FY2017. 3 of 5 entries say "Restated". Latest entry: FY2023.
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- FY2023RestatedAnnual report
「The governance committee, composed primarily of independent outside directors, deliberates on the rationality of related-party transactions, the nomination of directors and audit & supervisory board members, and the rationality of directors’ compensation.」
The framework under which the governance committee deliberates on related-party transactions, executive nominations and executive compensation continued. - FY2022AdvancedAnnual report
「The governance committee, composed primarily of independent outside directors, deliberates on the rationality of related-party transactions, the nomination of directors and audit & supervisory board members, and the rationality of directors’ compensation, while also deliberating to ensure appropriate consideration of the common interests of the Company and its shareholders and working to achieve the Group’s sustainable growth and improve corporate value over the medium to long term.」
The scope of matters deliberated by the governance committee was specified and expanded beyond corporate strategy and governance to include related-party transactions, executive nominations and executive compensation. - FY2019RestatedAnnual report
「The governance committee, composed primarily of independent outside directors, deliberates on the Group’s corporate strategy and governance structure, while also deliberating to ensure appropriate consideration of the common interests of the Company and its shareholders, and works to achieve the Group’s sustainable growth and improve corporate value over the medium to long term.」
The governance committee’s composition and its function of deliberating on corporate strategy, governance and the common interests of shareholders were reaffirmed for the full year. - FY2018RestatedAnnual report
「On 26 January 2017, we established a governance committee composed primarily of independent outside directors. In addition to deliberating on the Group’s corporate strategy and governance structure, the committee deliberates to ensure appropriate consideration of the common interests of the Company and its shareholders, while working to achieve the Group’s sustainable growth and improve corporate value over the medium to long term.」
The establishment of a governance committee centered on independent outside directors and its deliberative functions were reaffirmed in the full-year internal control disclosure. - FY2017First statedAnnual report
「On 26 January 2017, we established a governance committee composed primarily of independent outside directors. In addition to deliberating on the Group’s corporate strategy and governance structure, the committee deliberates to ensure appropriate consideration of the common interests of the Company and its shareholders, while working to achieve the Group’s sustainable growth and improve corporate value over the medium to long term.」
The establishment of a governance committee to deliberate on corporate strategy, governance and the common interests of shareholders was first documented on 26 January 2017.