Separation of the Roles of the Board of Directors and Executive Officers and Utilization of Outside Directors
First written in FY2016. 4 of 7 entries say "Advanced", first in FY2019. Latest entry: FY2023.
39 other companies' latest entry also says "Advanced".
- FY2023AdvancedAnnual report
「During the fiscal year, the Company held a total of 14 Board of Directors meetings. Attendance by each director was as follows.」
With a structure of 6 directors, including 2 independent outside directors, the Company held 14 Board of Directors meetings during the fiscal year and deliberated on and supervised the management plan, store openings, capital expenditure, share repurchases, risk management and sustainability. - FY2022AdvancedAnnual report
「The Company has an executive officer system and increased the number of executive officers by 3 effective 1 May 2021, creating a structure of 8 executive officers and strengthening its functions. It conducts agile business execution through the Management Committee, attended by executive officers and held 12 times during the fiscal year, and the Information Committee, held 39 times during the fiscal year.」
The Company increased the number of executive officers responsible for separating management oversight from business execution by 3, creating a structure of 8 executive officers, and operated an agile execution structure through 12 Management Committee meetings and 39 Information Committee meetings. - FY2020AdvancedAnnual report
「First, as part of the organizational reforms, the Company increased the number of female outside directors by 1 to strengthen the functions of the Board of Directors.」
The Company stated that it strengthened the functions of the Board of Directors by adding 1 female outside director, creating a structure with 2 outside directors. - FY2019AdvancedAnnual report
「As of the filing date, the Company's Board of Directors comprised 6 directors, including 2 outside directors. To enable rapid management decisions regarding business execution and to supervise the performance of directors' duties, the Board holds regular meetings at least once a month and extraordinary meetings as necessary.」
While maintaining a structure of 6 directors, the number of outside directors increased from 1 in the previous period to 2. The executive officer system, Board meetings held at least once a month, and supervision by outside officers also continue. - FY2018RestatedAnnual report
「As of the filing date, the Company's Board of Directors comprised 6 directors, including 1 outside director. To enable rapid management decisions regarding business execution and to supervise the performance of directors' duties, the Board holds regular meetings at least once a month and extraordinary meetings as necessary.」
The Company has reconfirmed the separation between management oversight and business execution, supervision by outside directors, and Board meetings held at least once a month through a structure of 6 directors, including 1 outside director. - FY2017RestatedAnnual report
「As of the filing date, the Company's Board of Directors comprised 5 directors, including 1 outside director. To enable rapid management decisions regarding business execution and to supervise the performance of directors' duties, the Board holds regular meetings at least once a month and extraordinary meetings as necessary.」
The Company has reconfirmed the separation of the roles of the Board of Directors and executive officers and supervision by outside directors through a structure of 5 directors, including 1 outside director, with meetings held at least once a month. - FY2016First statedAnnual report
「The Company introduced an executive officer system on 1 March 2004, clearly separating the roles of the Board of Directors in management oversight and executive officers in business execution, and has worked to strengthen corporate governance. It has also appointed independent outside directors to enhance corporate value. From the perspective of stakeholders, they supervise the Board of Directors, business execution by management, and conflicts of interest between the Company and management and other parties.」
The Company has adopted a separation between management oversight and business execution, with supervision by independent outside directors.