Strengthening Oversight Functions Through Transition to a Company with an Audit and Supervisory Committee
First written in FY2021. 1 of 2 entries say "Advanced", first in FY2023. Latest entry: FY2023.
41 other companies' latest entry also says "Advanced".
- FY2023AdvancedAnnual report
「The board comprises 3 Directors who are Audit and Supervisory Committee Members, all 3 of whom are Outside Directors. Yamoto Hironori (矢本浩教), selected by mutual election among the Audit and Supervisory Committee Members, serves as chair of the Audit and Supervisory Committee, which will generally meet once a month.」
Following the transition to a company with an Audit and Supervisory Committee, the company outlined an operating structure under which the Audit and Supervisory Committee, comprising 3 Outside Directors, meets once a month and coordinates with the internal audit and financial audit functions. - FY2021First statedAnnual report
「Based on a resolution of the 17th Annual General Meeting of Shareholders held on 22 February 2022, the Company changed from a company with a board of company auditors to a company with an Audit and Supervisory Committee. By making Audit and Supervisory Committee members, who are responsible for auditing the execution of directors' duties, members of the Board of Directors, the Company aims to further enhance its corporate governance structure by strengthening the Board's supervisory function, while accelerating decision-making and business execution through the delegation of authority.」
The Company changed from a company with a board of company auditors to a company with an Audit and Supervisory Committee, introducing an organizational structure in which Audit and Supervisory Committee members serve as members of the Board of Directors.