Oversight Structure Including Outside Directors and Outside Audit & Supervisory Board Members
First written in FY2016. 3 of 7 entries say "Restated". Latest entry: FY2025.
Ifuji Sangyo moved to the "Worse" side of this theme in 2024, 1 year before the typical company in this theme (2025).
8 other companies' latest entry also says "Reframed".
- FY2025ReframedAnnual report
「As of the date of submission of the annual securities report, the Board of Directors comprised 9 directors: 5 directors excluding directors serving as Audit and Supervisory Committee members, including 1 outside director, and 4 directors serving as Audit and Supervisory Committee members, including 3 outside directors.」
While retaining the company-with-an-Audit and Supervisory Committee structure, the Board of Directors changed from 10 members to 9, and the number of outside directors changed from 5 to 4. The company explains that outside directors account for approximately half of the Board. - FY2024ReframedAnnual report
「The company has adopted the company-with-an-audit-and-supervisory-committee structure. By appointing Audit and Supervisory Committee members with voting rights at Board of Directors meetings to audit the execution of duties by the Board of Directors, the company is strengthening the Board's auditing and supervisory functions and further enhancing its corporate governance system. Delegating authority from the Board of Directors to directors also enables prompt and efficient decision-making on business execution. In addition, the Board comprises 5 internal directors and 5 outside directors, with outside directors accounting for half of the Board, thereby strengthening governance.」
The company changed from a company with an Audit & Supervisory Board to a company with an Audit and Supervisory Committee, with 5 outside directors accounting for half of the 10-member Board of Directors. - FY2021RestatedAnnual report
「As of the date of submission of the annual securities report, the Board of Directors comprised 7 directors, including 5 internal directors and 2 outside directors. As of the same date, the Audit & Supervisory Board comprised 3 members, including 1 full-time Audit & Supervisory Board member and 2 Audit & Supervisory Board members, all of whom were outside Audit & Supervisory Board members.」
The company continues to operate a monitoring and auditing system comprising the Board of Directors and the Audit & Supervisory Board, including 2 outside directors and 3 outside Audit & Supervisory Board members, an accounting auditor and the Internal Audit Office. - FY2020ReframedAnnual report
「As of the date of submission of the annual securities report, the Board of Directors comprised 7 directors, including 5 internal directors and 2 outside directors.」
The Board of Directors changed from 8 members to 7, and the number of internal directors changed from 6 to 5, while the monitoring system comprising 2 outside directors and 3 outside Audit & Supervisory Board members was maintained. - FY2018RestatedAnnual report
「As of the date of submission of the annual securities report, the Board of Directors comprised 8 directors, including 6 internal directors and 2 outside directors. As of the same date, the Audit & Supervisory Board comprised 3 members, including 1 full-time Audit & Supervisory Board member and 2 part-time members, all of whom were outside Audit & Supervisory Board members.」
The company continues to operate a monitoring system through the Board of Directors and the Audit & Supervisory Board, including 2 outside directors and 3 outside Audit & Supervisory Board members. - FY2017RestatedAnnual report
「As of the date of submission of the annual securities report, the Board of Directors comprised 8 directors, including 6 internal directors and 2 outside directors. As of the same date, the Audit & Supervisory Board comprised 3 members, including 1 full-time Audit & Supervisory Board member and 2 part-time members, all of whom were outside Audit & Supervisory Board members.」
The company continues to operate a monitoring and auditing system comprising 2 outside directors, 3 outside Audit & Supervisory Board members, an accounting auditor and the Internal Audit Office. - FY2016First statedAnnual report
「As of the date of submission of the annual securities report, the Board of Directors comprised 8 directors, including 6 internal directors and 2 outside directors. As of the same date, the Audit & Supervisory Board comprised 3 members, including 1 full-time Audit & Supervisory Board member and 2 part-time members, all of whom were outside Audit & Supervisory Board members.」
The company describes a monitoring and auditing system combining 2 outside directors, 3 outside Audit & Supervisory Board members, an accounting auditor and the Internal Audit Office.