Strengthening Oversight and Internal Controls at a Company with an Audit and Supervisory Committee
First written in FY2016. 5 of 8 entries say "Restated". Latest entry: FY2023.
61 other companies' latest entry also says "Advanced".
- FY2023AdvancedAnnual report
「Our company has 4 outside directors, who constitute a majority of the 7 members of the board of directors.」
Disclosed a structure in which 4 outside directors constitute a majority of the 7 board members, providing a specific external oversight function. The audit and supervisory committee meets once a month, and the business audit department, staffed by 4 dedicated employees, conducts audits at least once a month in principle. - FY2022RestatedAnnual report
「In addition to holding regular board meetings once a month, extraordinary board meetings are held as needed. … The audit and supervisory committee meets once a month to conduct fair and objective audits and oversight.」
Continues the structure of monthly board and audit and supervisory committee meetings and oversight and internal audits by the business audit department under a company with an audit and supervisory committee. - FY2022-Q1AdvancedAnnual report
「The aim is to further strengthen group governance and speed up management decision-making, thereby improving the profitability of the group further.」
Disclosed specific measures for the additional acquisition of overseas subsidiaries aimed at strengthening group governance and speeding up decision-making. - FY2020RestatedAnnual report
「The operating results and financial condition of subsidiaries are reported to, and managed and supervised by, our board of directors every month. In addition, the business audit department conducts internal audits as needed and reports the results to the audit and supervisory committee to ensure effective control over subsidiaries.」
Continues subsidiary control through monthly reporting to the board of directors, internal audits by the business audit department, and reporting to the audit and supervisory committee. - FY2019RestatedAnnual report
「In addition to holding regular board meetings once a month, extraordinary board meetings are held as needed.」
Continues to operate the company-with-an-audit-and-supervisory-committee structure, monthly board and audit and supervisory committee meetings, and internal audits by the business audit department. - FY2018RestatedAnnual report
「In addition to holding regular board meetings once a month, extraordinary board meetings are held as needed.」
Continues to operate the company-with-an-audit-and-supervisory-committee structure, monthly board and audit and supervisory committee meetings, and oversight and control by the internal audit office. - FY2017RestatedAnnual report
「The operating results and financial condition of subsidiaries are reported to, and managed and supervised by, our board of directors every month. In addition, the internal audit office conducts internal audits as needed and reports the results to the audit and supervisory committee to ensure effective control over subsidiaries.」
Under the holding company structure, monthly reporting to and management oversight by the board of directors, together with internal audits, are used to control subsidiaries. - FY2016First statedAnnual report
「Through this structure, we have established a board of directors and an audit and supervisory committee, aiming to further enhance corporate governance and increase corporate value over the medium to long term by strengthening the board’s oversight function, while pursuing more transparent and agile management.」
Indicates that oversight functions are being strengthened through the transition to a company with an audit and supervisory committee and coordination among the internal audit office, audit and supervisory committee, and accounting auditor.