Separating Decision-Making and Oversight From Business Execution Under a Holding Company Structure
First written in FY2016. 1 of 3 entries say "Restated". Latest entry: FY2020.
Pharmarise Holdings moved to the "Worse" side of this theme in 2020, 2 years before the typical company in this theme (2022).
3 other companies' latest entry also says "Reframed".
- FY2020ReframedAnnual report
「Although we had separated responsibility for business execution from responsibility for oversight by introducing an executive officer system in October 2011, we determined that the strengthened Board of Directors alone could adequately perform both management decision-making and oversight and business execution, and therefore abolished the executive officer system and the Executive Officers' Meeting at a Board of Directors meeting held on 28 August 2019.」
The structure was reorganized from functional separation under the executive officer system to one in which the strengthened Board of Directors alone handles decision-making and oversight as well as business execution. - FY2018RestatedAnnual report
「We separated the management decision-making and oversight functions previously handled by directors from the business execution function. Directors are responsible for management decision-making and oversight, while executive officers are responsible for business execution.」
We continue to adopt group governance based on the separation of functions between directors and executive officers. - FY2016First statedAnnual report
「We separated the management decision-making and oversight functions previously handled by directors from the business execution function. Directors are responsible for management decision-making and oversight, while executive officers are responsible for business execution.」
The executive officer system separates the Board’s oversight function from executive responsibility.