Strengthening the Internal Management and Business Execution Frameworks
First written in FY2018. 5 of 7 entries say "Advanced", first in FY2019. Latest entry: FY2024.
- FY2024AdvancedAnnual report
「The Company has strengthened governance by adopting a structure comprising 4 inside directors responsible for business execution and 5 outside directors, with outside directors constituting a majority of the Board of Directors.」
Following the change to a company with an Audit & Supervisory Committee, the Company provides specific details on cooperation among the Board of Directors, where outside directors constitute a majority, the Audit & Supervisory Committee, internal audit and the Risk and Compliance Committee. - FY2023AdvancedAnnual report
「To further strengthen these initiatives, the Company changed to a company with an Audit & Supervisory Committee, based on a resolution at the annual general meeting of shareholders held on 22 December 2023.」
The Company changed to a company with an Audit & Supervisory Committee and strengthened the supervisory function of the Board of Directors and its governance. The Company also describes the structure for reporting internal audit results to the Board of Directors and the Audit & Supervisory Committee. - FY2022RestatedAnnual report
「The Company conducts internal audits through 3 internal audit personnel appointed by the Representative Director. To avoid self-audits, the internal audit personnel audit departments other than the departments to which they belong. In addition to monitoring the internal control system approved by the Board of Directors, they audit the operating status of each department based on the internal audit plan, report the results to the Representative Director and President and the full-time Audit & Supervisory Board Member, communicate instructions for improvement to each department and work to follow up on them.」
The Company continues to operate a structure under which 3 internal audit personnel conduct audits and monitor internal controls, report to the Representative Director and President and the full-time Audit & Supervisory Board Member, and follow up on improvements. - FY2021AdvancedAnnual report
「The committee comprises 4 directors (Sugata Yoji (菅田 洋司), Suzuki Yuya (鈴木 雄也), Takahashi Yuji (高橋 祐二) and Baba Ryohei (馬場 涼平)), 4 executive officers (Kase Keiichiro (加勢 恵一郎), Toyokawa Junta (豊川 淳太), Muta Kazumasa (牟田 和正) and Ishii Yoshinori (石井 良典)) and employees who are heads of each department. Based on internal rules such as the Compliance Regulations, it identifies, assesses and responds to compliance-related issues and risks, and meets at least once every six months.」
The composition of the Risk and Compliance Committee is specified, including a structure with 4 executive officers and the frequency of meetings. - FY2020AdvancedAnnual report
「In addition to monitoring the internal control system approved by the Board of Directors, the personnel responsible for internal audits audit the operating status of each department based on the internal audit plan. They report the results to the Representative Director and President and the full-time Audit & Supervisory Board Member, communicate instructions for improvement to each department and work to follow up on them.」
The Company has established specific procedures for operating its internal control structure, including audits by 3 internal audit personnel, reporting to the full-time Audit & Supervisory Board Member and follow-up on instructions for improvement. It also describes audits of subsidiaries based on the rules for managing affiliated companies. - FY2019AdvancedAnnual report
「The Company has established a Risk and Compliance Committee, chaired by Representative Director and Executive Vice President Takahashi Takaaki (高橋崇晃), who was appointed as the director responsible for risk and compliance, as an organization for promoting compliance. The committee comprises 4 directors, 2 executive officers and employees who are heads of each department. Based on internal rules such as the Compliance Regulations, it identifies, assesses and responds to compliance-related issues and risks, and meets at least once every six months.」
The Company has established specific internal control and business execution structures, including the Risk and Compliance Committee, internal audits and an internal whistleblowing system. - FY2018First statedAnnual report
「To ensure fairness and transparency in management, we will work to build a stronger internal management system.」
The Company identifies improving operational efficiency, managing risk and ensuring fairness and transparency as challenges associated with organizational expansion.