Transition to a Company with an Audit and Supervisory Committee and Strengthening of Oversight
First written in FY2016. 3 of 7 entries say "Restated". Latest entry: FY2025.
- FY2025RestatedAnnual report
「The Board of Directors consists of 4 directors, excluding directors who are audit and supervisory committee members, including 1 outside director, and 3 directors who are audit and supervisory committee members, all 3 of whom are outside directors. The Board generally meets once a month and holds additional meetings as needed, flexibly resolving matters prescribed by laws and regulations and the articles of incorporation, as well as important policy matters, and supervising the execution of duties based on those resolutions.」
Under the company-with-an-audit-and-supervisory-committee structure, the company has 4 executive directors and 3 audit and supervisory committee members, all of whom are outside directors, with monthly meetings and supervision of the execution of duties; this structure has been reaffirmed. - FY2024Update to the composition of the Board of Directors and the Audit and Supervisory CommitteeAnnual report
「The Board of Directors consists of 4 directors, excluding directors who are audit and supervisory committee members, including 1 outside director, and 3 directors who are audit and supervisory committee members, all 3 of whom are outside directors. The Board generally meets once a month and holds additional meetings as needed, flexibly resolving matters prescribed by laws and regulations and the articles of incorporation, as well as important policy matters, and supervising the execution of duties based on those resolutions.」
Under the company-with-an-audit-and-supervisory-committee structure, the company discloses a Board consisting of 4 executive directors, including 1 outside director, and 3 audit and supervisory committee members, all of whom are outside directors, as well as monthly meetings and supervision of the execution of duties. - FY2022Change in board compositionAnnual 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, all 3 of whom are outside directors. The Board generally meets once a month and holds additional meetings as needed, flexibly resolving matters prescribed by laws and regulations and the articles of incorporation, as well as important policy matters, and supervising the execution of duties based on those resolutions.」
The company discloses a structure under which, following the transition to a company with an audit and supervisory committee, the Board consists of 4 executive directors and 3 audit and supervisory committee members, all of whom are outside directors. - FY2021RestatedAnnual report
「The Board of Directors consists of 2 directors, excluding directors who are audit and supervisory committee members, and 4 directors who are audit and supervisory committee members, all 4 of whom are outside directors. The Board generally meets once a month and holds additional meetings as needed, flexibly resolving matters prescribed by laws and regulations and the articles of incorporation, as well as important policy matters, and supervising the execution of duties based on those resolutions.」
The company-with-an-audit-and-supervisory-committee structure, 4 outside directors, monthly meetings and supervision of the execution of duties have been reaffirmed. - FY2020RestatedAnnual report
「The Board of Directors consists of 2 directors, excluding directors who are audit and supervisory committee members, and 4 directors who are audit and supervisory committee members, all 4 of whom are outside directors. The Board generally meets once a month and holds additional meetings as needed, flexibly resolving matters prescribed by laws and regulations and the articles of incorporation, as well as important policy matters, and supervising the execution of duties based on those resolutions.」
The annual report also confirms that, under the company-with-an-audit-and-supervisory-committee structure, the Board consists of 4 outside directors, meets monthly and supervises the execution of duties. - FY2017AdvancedAnnual report
「The Board of Directors consists of 3 directors, excluding directors who are audit and supervisory committee members, and 4 directors who are audit and supervisory committee members, all 4 of whom are outside directors. The Board generally meets once a month and holds additional meetings as needed, flexibly resolving matters prescribed by laws and regulations and the articles of incorporation, as well as important policy matters, and supervising the execution of duties based on those resolutions.」
The composition of the Board of Directors following the transition to a company with an audit and supervisory committee, including 4 outside directors, together with its monthly meetings and supervision of the execution of duties, is disclosed in detail. - FY2016First statedAnnual report
「The company transitioned to a company with an audit and supervisory committee on 22 December 2016, following approval of amendments to its articles of incorporation at the 12th annual general meeting of shareholders held that day. The appointment of multiple outside directors and the granting of voting rights at board meetings to directors who are audit and supervisory committee members will strengthen the audit and supervisory functions.」
The transition to a company with an audit and supervisory committee, the appointment of outside directors and the granting of voting rights to audit and supervisory committee members are described as specific changes to the corporate governance structure.