Mutual Oversight and Internal Controls by the Board of Directors, Audit & Supervisory Board and Internal Audit Office
First written in FY2017. 6 of 9 entries say "Advanced", first in FY2019. Latest entry: FY2025.
The whole theme swung hardest in 2023: 3 of 24 companies on the "Worse" side.
17 other companies' latest entry also says "Advanced".
- FY2025AdvancedAnnual report
「The Company has submitted a proposal, as an agenda item for approval at the Ordinary General Meeting of Shareholders scheduled for 29 November 2025, entitled “Election of 3 Directors.” If the proposal is approved, the Company will have 7 directors, including 2 outside directors.」
The Company has specified plans to expand the composition of the Board of Directors and establish a future structure including the Representative Director and Chairman CEO and Representative Director and President COO. - FY2024AdvancedAnnual report
「During the fiscal year, the committee met 2 times, and the attendance rate of each member was 100%. The Company's internal audits are conducted by the 3 members of the Internal Audit Office (all 3 also holding other positions), which reports directly to the Representative Director and President. The office conducts internal audits of each department and provides advice and recommendations for operational improvement.」
The filing specifically discloses the operating record of the Nomination and Compensation Committee, the 3-person structure of the Internal Audit Office, and the oversight structure, including 2 outside directors and 3 outside corporate auditors. - FY2023Update to the composition of the director systemAnnual report
「As corporate bodies under the Companies Act, the Company has established a General Meeting of Shareholders, Board of Directors, Board of Corporate Auditors, voluntary Nomination and Compensation Committee and accounting auditor, as well as an Internal Audit Office responsible for monitoring operations. The Company seeks to ensure appropriate management through coordination among these bodies. In addition, the Company has introduced a director system to strengthen business execution and accelerate decision-making.」
The filing states that the existing structure comprising the Board of Directors, Board of Corporate Auditors, Nomination and Compensation Committee and Internal Audit Office, among others, has been maintained, and that as of the filing date the director system comprises 9 people in total: 2 directors and 7 employees. - FY2022AdvancedAnnual report
「The Company also conducts joint audits by the accounting auditor, Internal Audit Office and Board of Corporate Auditors, and works to share risk information among the three parties.」
The filing specifically describes the joint audit framework involving the Board of Corporate Auditors, Internal Audit Office and accounting auditor, and the practice of sharing risk information. - FY2021AdvancedAnnual report
「During the fiscal year, the committee met 5 times, and the attendance rate of its members was 100%. As of the date of filing this document, the director system comprises 10 people in total: 2 directors and 8 employees.」
The filing specifically describes the operating record of the voluntary Nomination and Compensation Committee and the composition of the director system. - FY2020AdvancedAnnual report
「As corporate bodies under the Companies Act, the Company has established a General Meeting of Shareholders, Board of Directors, Board of Corporate Auditors, voluntary Nomination and Compensation Committee and accounting auditor, as well as an Internal Audit Office responsible for monitoring operations. The Company seeks to ensure appropriate management through coordination among these bodies. In addition, the Company introduced a director system in November 2020 to strengthen business execution and accelerate decision-making.」
In addition to the existing Board of Directors, Board of Corporate Auditors and Internal Audit Office, the executive compensation committee was reorganized as a Nomination and Compensation Committee, and a director system was introduced in November 2020. - FY2019AdvancedAnnual report
「At a meeting of the Board of Directors held on 11 October 2019, the Company resolved to establish a voluntary executive compensation committee. The committee comprises 3 members: Representative Director and President Itoi Shigesato (糸井 重里), Outside Independent Director Tsukagoshi Takayuki (塚越 隆行), and Outside Director Yamamoto Hidetoshi (山本 英俊). Executive compensation from the 42nd fiscal year onward will be determined by the executive compensation committee.」
In addition to the existing structure comprising the Board of Directors, Board of Corporate Auditors and Internal Audit Office, the Company decided to establish a voluntary executive compensation committee and transfer responsibility for determining compensation to the committee from the next fiscal year. - FY2018RestatedAnnual report
「Under the Companies Act, we have established a general meeting of shareholders, board of directors, board of corporate auditors and accounting auditor as corporate bodies, as well as an internal audit office responsible for monitoring operations. Through mutual cooperation among these bodies, we seek to ensure appropriate management.」
The company continues to operate a system of oversight and internal controls based on cooperation among the board of directors, board of corporate auditors, accounting auditor and internal audit office. - FY2017First statedAnnual report
「Under the Companies Act, we have established a general meeting of shareholders, board of directors, board of corporate auditors and accounting auditor as corporate bodies, as well as an internal audit office responsible for monitoring operations. Through mutual cooperation among these bodies, we seek to ensure appropriate management.」
The company describes a system of oversight and internal controls based on cooperation among the board of directors, board of corporate auditors, accounting auditor and internal audit office.