Objective Management Oversight by Independent Outside Directors and Outside Audit & Supervisory Board Members
First written in FY2019. 2 of 5 entries say "Advanced", first in FY2020. Latest entry: FY2025.
The whole theme swung hardest in 2023: 13 of 105 companies on the "Worse" side.
69 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「The company has 3 outside directors.」
We continue to maintain an independent and objective supervision and audit system comprising 3 outside directors. - FY2023RestatedAnnual report
「The company has 3 outside directors.」
We continue to maintain an independent and objective supervision and audit system comprising 3 outside directors. - FY2021AdvancedAnnual report
「The Board of Directors consists of 4 directors, excluding directors who are Audit and Supervisory Committee members, and 3 directors who are Audit and Supervisory Committee members, including 3 outside directors, for a total of 7 members. The Board of Directors meets once a month and holds extraordinary meetings flexibly as needed, serving as the body that makes the company's decisions on business execution, centered on basic management matters, and supervises the execution of directors' duties.」
The company transitioned to a new board of directors and audit structure, including 3 outside directors who are audit and supervisory committee members, thereby institutionally incorporating oversight by outside officers. - FY2020AdvancedAnnual report
「The company has 3 outside directors and 3 outside Audit & Supervisory Board members.」
The number of outside directors increased from 2 to 3, strengthening the system for external oversight and auditing. - FY2019First statedAnnual report
「The Company appoints outside directors and outside audit & supervisory board members who can monitor management from a fair, objective and neutral standpoint, drawing on their extensive experience and knowledge in the performance of their duties. The outside directors and outside audit & supervisory board members are independent of the management team responsible for business execution, have no potential conflicts of interest with general shareholders, and have been notified as independent officers as defined by the Tokyo Stock Exchange.」
The Company first identified, as a separate theme, its view that 2 outside directors and 3 outside corporate auditors should be positioned as personnel responsible for independence and fair, objective management oversight.