Governance structure with outside directors and a board of corporate auditors
First written in FY2016. 6 of 10 entries say "Advanced", first in FY2018-Q2. Latest entry: FY2026.
The whole theme swung hardest in 2023: 15 of 104 companies on the "Worse" side.
37 other companies' latest entry also says "Other".
- FY2026Independent outside directors changed from 5 to 4Annual report
「The board of directors will comprise directors, outside directors including 4 independent officers, and audit and supervisory committee members.」
The company presented a board structure with 4 outside directors, including independent officers. This represents a change from the 5 stated in the previous fiscal year. - FY2024AdvancedAnnual report
「The board of directors will comprise directors, outside directors including 5 independent officers, and audit and supervisory committee members.」
The company presents a new structure with 5 outside directors and a board consisting of 6 executive directors and 5 audit and supervisory committee members. - FY2023AdvancedAnnual report
「The board of directors will comprise a substantially reduced number of directors, together with outside directors, including 4 independent officers, and audit and supervisory committee members.」
Following the transition to a company with an audit and supervisory committee, the company gives concrete form to a reduced board size, a structure with 6 audit and supervisory committee members including 4 independent outside directors, and a composition of outside directors with specialised expertise. - FY2021AdvancedAnnual report
「The board of directors consists of 7 directors, excluding directors who are audit and supervisory committee members, and 7 directors who are audit and supervisory committee members, including 5 outside directors.」
The company presents a board structure consisting of 7 executive directors and 7 audit and supervisory committee members, including 5 outside directors, thereby expanding its supervisory and audit structure. - FY2019AdvancedAnnual report
「The board of directors consists of 6 directors, excluding directors who are audit and supervisory committee members, and 6 directors who are audit and supervisory committee members, including 4 outside directors.」
Following the transition to a company with an audit and supervisory committee, the company presents a board structure consisting of 6 executive directors and 6 audit and supervisory committee members, including 4 outside directors. - FY2018ReframedAnnual report
「To strengthen the audit and supervisory functions of the board of directors, we transitioned to a company with an audit and supervisory committee upon approval at the annual general meeting of shareholders held on 26 June 2018.」
The company transitioned from a company with a board of corporate auditors to a company with an audit and supervisory committee, revising its structure to strengthen the audit and supervisory functions of the board of directors. - FY2018-Q3AdvancedAnnual report
「Director (Outside Director) - Iwamoto Eizaburo (岩本永三郎)」
An outside director was newly appointed effective 15 September 2017, resulting in a specific change to the composition of the governance structure, including outside directors. - FY2018-Q2AdvancedAnnual report
「We will regularly arrange opportunities for outside directors with extensive knowledge and experience in corporate management, overseas businesses, finance and risk management, among other areas, to share and discuss important matters, including business opportunities and their risks and financial issues, with group executive officers and equivalent personnel, and will apply the valuable advice of outside officers to business operations. In addition, we established an Outside Director Support Section within the General Affairs Department, whose mission is to support outside directors, to promote the effective use of outside directors.」
The company newly presents specific measures consisting of regular opportunities for discussion with outside directors and the establishment of an Outside Director Support Section. - FY2017RestatedAnnual report
「As a company with a board of corporate auditors, we have adopted a corporate governance structure based on collaboration between outside directors and the board of corporate auditors.」
The company reconfirms its governance structure combining outside directors and a board of corporate auditors. It also states that 1 of the 3 directors is an outside director and 2 of the 3 corporate auditors are outside corporate auditors. - FY2016First statedAnnual report
「As a company with a board of corporate auditors, we have adopted a corporate governance structure based on collaboration between outside directors and the board of corporate auditors.」
The company has adopted a supervisory and audit structure including 2 outside directors and 2 outside corporate auditors.