Oversight structure involving the Board of Directors and Audit & Supervisory Board, including outside officers
First written in FY2016. 2 of 6 entries say "Restated". Latest entry: FY2024.
24 other companies' latest entry also says "Advanced".
- FY2024AdvancedAnnual report
「The Company has introduced an executive officer system to separate management decision-making and oversight functions from execution functions, clarify the respective roles, and pursue agile and efficient management.」
Following the change to a company with a board of corporate auditors, the Company has clarified the operation of its executive officer system, which separates decision-making and oversight functions from execution functions, and specified the division of responsibilities within its governance structure. - FY2023ReframedAnnual report
「Following approval at the 38th Annual General Meeting of Shareholders held on 22 November 2023 of a proposal to amend the Articles of Incorporation to transition to a company with a Board of Corporate Auditors, the Company changed to a company with a Board of Corporate Auditors on the same date.」
The Company changed from a company with an audit and supervisory committee, to which it had transitioned in the previous fiscal year, to a company with a board of corporate auditors. Its structure combines oversight by a board of corporate auditors independent of the Board of Directors with monitoring by 4 outside directors. - FY2022RestatedAnnual report
「As a company with an Audit and Supervisory Committee, the Company conducts deliberation and decision-making through the Board of Directors under external oversight by 4 outside directors, including 2 outside directors who are Audit and Supervisory Committee members. Given the Company's current size and the need to ensure objectivity in management, we believe this is an appropriate corporate governance structure.」
The Company has continued the structure of a company with an Audit and Supervisory Committee, to which it changed in the prior fiscal year, and has reaffirmed the oversight and decision-making structure of the Board of Directors, including 4 outside directors. - FY2021AdvancedAnnual report
「Following approval at the 36th Annual General Meeting of Shareholders held on 25 November 2021 of a proposal to amend the Articles of Incorporation to transition to a company with an Audit and Supervisory Committee, the Company changed to a company with an Audit and Supervisory Committee on the same date. The transition was intended to strengthen the supervisory function of the Board of Directors by making directors who serve as Audit and Supervisory Committee members responsible for auditing the execution of directors' duties members of the Board of Directors, thereby further enhancing corporate governance through a stronger oversight structure.」
The Company changed from a company with a Board of Corporate Auditors to a company with an Audit and Supervisory Committee, implementing an oversight structure under which Audit and Supervisory Committee members serve as members of the Board of Directors. - FY2020RestatedAnnual report
「Management decision-making and oversight at the Company are conducted by the Board of Directors, which consists of 9 directors, including 2 outside directors.」
The decision-making and oversight structure of the Board of Directors, including outside directors, has been reaffirmed. - FY2016First statedAnnual report
「Deliberation and decision-making are conducted by the Board of Directors and the Management Committee under oversight from an external perspective by 2 outside directors and 2 outside corporate auditors. Given the Company's current size and the need to ensure objectivity in management, we believe this is an appropriate corporate governance structure.」
The disclosure describes external oversight by outside directors and outside corporate auditors, together with the decision-making structure of the Board of Directors and the Management Committee.