Separating Decision-Making and Oversight through an Executive Officer System and Outside Oversight
First written in FY2016. 4 of 6 entries say "Restated". Latest entry: FY2025.
- FY2025RestatedAnnual report
「We have adopted a company with an Audit and Supervisory Committee, and have established a General Meeting of Shareholders and a Board of Directors as the company's corporate organs. We have also adopted an executive officer system. Under the direction and supervision of the Representative Director and President, the executive officers carry out their respective duties.」
The governance structure separating oversight and execution through the company with an Audit and Supervisory Committee and the executive officer system is reiterated. - FY2024RestatedAnnual report
「We have adopted a company with an Audit and Supervisory Committee, and have established a General Meeting of Shareholders and a Board of Directors as the company's corporate organs. We have also adopted an executive officer system. Under the direction and supervision of the Representative Director and President, the executive officers carry out their respective duties.」
The governance structure separating oversight and execution through the company with an Audit and Supervisory Committee and the executive officer system is reiterated. - FY2023RestatedAnnual report
「We have adopted a company with an Audit and Supervisory Committee, and have established a General Meeting of Shareholders and a Board of Directors as the company's corporate organs. We have also adopted an executive officer system. Under the direction and supervision of the Representative Director and President, the executive officers carry out their respective duties.」
The governance structure separating oversight and execution through the company with an Audit and Supervisory Committee and the executive officer system is reiterated. - FY2021ReframedAnnual report
「We have adopted a company with an Audit and Supervisory Committee, and have established a General Meeting of Shareholders and a Board of Directors as the company's corporate organs. We have also adopted an executive officer system. Under the direction and authority of the Representative Director and President, the executive officers responsible for each division are delegated the responsibility and authority for executing the business operations decided by the Board of Directors and carry out their respective duties.」
The description has been reorganized to reflect a governance structure that includes the transition from a company with an Audit & Supervisory Board to a company with an Audit and Supervisory Committee, in addition to the separation of decision-making and oversight under the conventional executive officer system. - FY2017RestatedAnnual report
「We have adopted an executive officer system. Under the direction and authority of the Representative Director and President, the executive officers responsible for each division are delegated the responsibility and authority for executing the business operations decided by the Board of Directors and carry out their respective duties.」
The policy of separating decision-making and oversight from business execution through the executive officer system, and delegating responsibility and authority, is reiterated. - FY2016First statedAnnual report
「We have introduced an executive officer system to separate the strategic decision-making and oversight of business execution from business execution itself, improve the quality and speed of decision-making and execution, and enhance corporate value.」
The governance structure is described as involving coordination among the Board of Directors, the Management Committee, outside directors, outside Audit & Supervisory Board members, and the Internal Audit Office.