Strengthening Oversight Through the Transition to a Company with an Audit and Supervisory Committee
First written in FY2017. 1 of 3 entries say "Advanced", first in FY2021. Latest entry: FY2026.
- FY2026RestatedAnnual report
「At the fourth annual general meeting of shareholders held on 29 March 2017, we changed from a company with a Board of Statutory Auditors to a company with an Audit and Supervisory Committee, and established a Board of Directors and an Audit and Supervisory Committee. At the Board of Directors meeting held on 18 January 2021, we also established voluntary nomination and compensation committees.」
The oversight framework provided by the company with an Audit and Supervisory Committee and the voluntary nomination and compensation committees has continued. As of the filing date, 3 of the 5 directors are independent outside directors. - FY2021AdvancedAnnual report
「At the fourth annual general meeting of shareholders held on 29 March 2017, we changed from a company with a Board of Statutory Auditors to a company with an Audit and Supervisory Committee, and established a Board of Directors and an Audit and Supervisory Committee. At the Board of Directors meeting held on 18 January 2021, we also established voluntary nomination and compensation committees.」
The governance framework following the change to a company with an Audit and Supervisory Committee has continued, while the establishment of voluntary nomination and compensation committees has given specific form to the oversight, nomination and compensation mechanisms. - FY2017First statedAnnual report
「To further strengthen the Board of Directors' audit and supervisory functions and enhance governance, and to improve the fairness and efficiency of management through swift decision-making and business execution enabled by the delegation of authority, we changed from a company with a Board of Statutory Auditors to a company with an Audit and Supervisory Committee, effective 29 March 2017.」
Effective 29 March 2017, we changed from a company with a Board of Statutory Auditors to a company with an Audit and Supervisory Committee, establishing the current framework with supervisory functions for the Board of Directors and delegated authority to expedite decision-making.