Governance Framework Supporting Transparent, Fair and Rapid Decision-Making
First written in FY2016. 8 of 11 entries say "Advanced", first in FY2018. Latest entry: FY2025.
37 other companies' latest entry also says "Advanced".
- FY2025AdvancedAnnual report
「In the effectiveness evaluation for fiscal 2025, the company continued to achieve generally favorable results across the evaluation items, as in fiscal 2024, and confirmed that the effectiveness of its Board of Directors had improved and that the Board was functioning effectively.」
The company disclosed an assessment that the effectiveness of the Board of Directors had improved and that it was functioning effectively, including through initiatives addressing the previous fiscal year's issues. - FY2024AdvancedAnnual report
「From fiscal 2024, the JT Group Compliance Committee changed to a deliberative body responsible for overseeing and promoting compliance across the JT Group and fulfilling its accountability to the Board of Directors. The committee consists of the president, executive vice presidents and external experts, with the president serving as chair.」
From fiscal 2024, the framework changed to a group-wide Compliance Committee consisting of the president, executive vice presidents and external experts, strengthening its connection with the Board of Directors. - FY2023AdvancedAnnual report
「The company has continued to strengthen corporate governance and improve management transparency and objectivity, including by increasing the number of outside directors and outside audit & supervisory board members by 1 each on 20 March 2019, increasing the number of outside directors by 1 on 23 March 2022, and increasing the number of outside directors by a further 1 on 22 March 2024.」
On 22 March 2024, the company increased the number of outside directors by a further 1, advancing efforts by outside directors and outside audit & supervisory board members to improve transparency and objectivity. - FY2023-Q2ReframedAnnual report
「・Establishing and implementing mechanisms for transparent, fair, prompt and decisive decision-making」
Governance was organized as one of the 5 issue groups under JT Group Materiality, “Quality Governance,” with a focus on implementing transparency, fairness, promptness and decisiveness in decision-making. - FY2022AdvancedAnnual report
「The company has continued to strengthen corporate governance and improve management transparency and objectivity, including by increasing the number of outside directors and outside audit & supervisory board members by 1 each on 20 March 2019 and increasing the number of outside directors by a further 1 from 23 March 2022.」
From 23 March 2022, the company increased the number of outside directors by a further 1, advancing efforts to improve governance transparency and objectivity. - FY2021AdvancedAnnual report
「At a Board of Directors meeting held on 24 November 2021, the company established its view of the skills required of the Board, prepared and disclosed a skills matrix listing the areas in which it particularly expects each director and audit & supervisory board member to apply their knowledge and experience.」
The company defined the skills required of the Board and prepared and disclosed a skills matrix listing the knowledge and experience of its directors and audit & supervisory board members. - FY2020AdvancedAnnual report
「In the effectiveness evaluation for fiscal 2020, the company recognized improvements from fiscal 2019 in the main initiatives for fiscal 2020, including effective and efficient operation of the Board of Directors and stronger information sharing, and continued to achieve generally favorable results across the evaluation items.」
The Board effectiveness evaluation confirmed improvements from the previous fiscal year in the efficiency of Board operations and information sharing, including the use of remote meetings and electronic Board materials and minutes. - FY2019AdvancedAnnual report
「Since 2019, the company has continued to strengthen corporate governance and improve management transparency and objectivity, including by increasing the number of outside directors and outside audit & supervisory board members by 1 each.」
In 2019, the company increased the number of outside directors and outside audit & supervisory board members by 1 each, advancing initiatives to improve the transparency and objectivity of its oversight and audit framework. - FY2018AdvancedAnnual report
「The Human Resources and Compensation Advisory Committee is an optional advisory body to the Board of Directors, established on 20 March 2019 by integrating the functions of the former Executive Talent Development Support Meeting and Compensation Advisory Committee.」
The Human Resources and Compensation Advisory Committee, which integrated the functions of the former 2 committees, was established on 20 March 2019, creating a framework to improve objectivity and transparency in the Board of Directors' decision-making. - FY2017RestatedAnnual report
「The company established the “JT Corporate Governance Policy” based on its recognition that strengthening its corporate governance will lead to sustainable profit growth and increased enterprise value over the medium to long term, and contribute to the development of the group's stakeholders and, ultimately, the economy and society as a whole.」
The company reaffirmed governance as a framework for supporting medium- to long-term profit growth and increased enterprise value through continuous improvement. - FY2016First statedAnnual report
「The company continues to regard corporate governance as one of its important management priorities, pursue continuous improvement and work to strengthen its governance framework.」
The company identifies strengthening governance through the JT Corporate Governance Policy, the Compensation Advisory Committee, including outside officers, the Compliance Committee and the delegation of authority to executive officers as an important priority.