Strengthening Oversight Functions Through the Transition to a Company with an Audit and Supervisory Committee
First written in FY2022. 1 of 2 entries say "Advanced", first in FY2026. Latest entry: FY2026.
42 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「If these proposals are approved, the members of the Board of Directors will comprise all 5 directors listed below under (2) Status of Officers, section (b) (hereinafter, the “List of Officers Following the Conclusion of the Annual General Meeting of Shareholders”), excluding directors who are Audit & Supervisory Committee members, and all 5 directors who are Audit & Supervisory Committee members, including 4 outside directors. The Representative Director and President is scheduled to serve as chair.」
The Company plans to continue operating as a company with an Audit & Supervisory Committee. Following the Annual General Meeting of Shareholders, there are scheduled to be 5 directors responsible for business execution and 5 Audit & Supervisory Committee members, including 4 outside directors. - FY2022First statedAnnual report
「Following approval at the 154th Annual General Meeting of Shareholders held on 28 June 2022, the Company transitioned from a company with an Audit & Supervisory Board to a company with an Audit & Supervisory Committee. Through this transition, the Company believes it can further strengthen the Board of Directors’ oversight function and reinforce corporate governance by establishing an Audit & Supervisory Committee with a majority of outside directors.」
The Company transitioned from a company with an Audit & Supervisory Board to a company with an Audit & Supervisory Committee on 28 June 2022. It introduced a system under which 3 of the 4 Audit & Supervisory Committee members are outside directors, enhancing the effectiveness of the Board’s oversight and audit and supervision.