Transition to a company with an audit and supervisory committee
First written in FY2021. 1 of 3 entries say "Advanced", first in FY2023. Latest entry: FY2024.
84 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「During the fiscal year, the Company held 14 Board of Directors meetings and 3 Nomination and Compensation Committee meetings.」
The structure of a company with an Audit and Supervisory Committee, and its operation through the Board of Directors and Nomination and Compensation Committee, remain in place. - FY2023AdvancedAnnual report
「The Company has adopted a company-with-an-Audit-and-Supervisory-Committee structure to strengthen the Board of Directors' audit and oversight functions, accelerate decision-making on the execution of duties and further enhance its corporate governance framework.」
The structure following the transition to a company with an Audit and Supervisory Committee has been put into operation, with 13 Board of Directors meetings and 13 Audit and Supervisory Committee meetings held and disclosed. - FY2021First statedAnnual report
「At the Annual General Meeting of Shareholders held on 27 January 2022, a resolution was passed to amend the Articles of Incorporation for the purpose of transitioning to a company with an Audit and Supervisory Committee and other objectives. Accordingly, the Company changed from a company with a Board of Corporate Auditors to a company with an Audit and Supervisory Committee effective on that date. The purpose was to strengthen the Board of Directors’ audit and supervisory functions, accelerate decision-making on the execution of business, and further enhance the corporate governance structure.」
For the first time, the transition from a company with a Board of Corporate Auditors to a company with an Audit and Supervisory Committee effective 27 January 2022, and its objectives, are disclosed as a separate topic.