Strengthening the Corporate Governance Framework
First written in FY2016. 3 of 6 entries say "Reframed", first in FY2021. Latest entry: FY2025.
- FY2025ReframedAnnual report
「The Group has introduced an executive officer system and appointed multiple outside directors to strengthen the decision-making and supervisory functions of the board of directors, clarify executive responsibilities, and accelerate business execution. However, it believes that it must continually review and strengthen its framework in line with changes in and expansion of its business and organisation and rising external expectations, including its response to the Corporate Governance Code, including by responding to specific organisational and institutional changes.」
While maintaining its existing policy of strengthening its framework, the Group has explicitly identified changes in its business and organisation, the Corporate Governance Code, and rising external expectations as factors prompting the review. - FY2023ReframedAnnual report
「The company has introduced an executive officer system and appointed multiple outside directors to strengthen the decision-making and supervisory functions of the board of directors, clarify executive responsibilities, and accelerate business execution. However, it believes that it must continually review and strengthen its framework in line with the expansion of its business and organisation, its transfer to the Tokyo Stock Exchange's Standard Market, and its response to the Corporate Governance Code, including by responding to specific organisational and institutional changes.」
In addition to strengthening its existing governance framework, the company has explicitly identified its transfer to the Standard Market and its response to the Corporate Governance Code as factors prompting the review. - FY2021ReframedAnnual report
「The company has introduced an executive officer system and appointed multiple outside directors to strengthen the decision-making and supervisory functions of the board of directors, clarify executive responsibilities, and accelerate business execution. However, it believes that it must continually review and strengthen its framework in line with the expansion of its business and organisation and its transfer to the Standard Market under the new market segmentation, including by responding to specific organisational and institutional changes.」
In addition to strengthening governance through its existing executive officer system and multiple outside directors, the company has added organisational and institutional measures associated with its transfer to the Standard Market under the new market segmentation. - FY2019RestatedAnnual report
「The company has introduced an executive officer system and appointed multiple outside directors to strengthen the decision-making and supervisory functions of the board of directors, clarify executive responsibilities, and accelerate business execution.」
The company has reconfirmed the strengthening of decision-making and supervisory functions through its executive officer system and multiple outside directors. - FY2018AdvancedAnnual report
「The company has introduced an executive officer system and appointed multiple outside directors to strengthen the decision-making and supervisory functions of the board of directors, clarify executive responsibilities, and accelerate business execution.」
The company has explicitly stated that it has a structure with multiple outside directors, giving concrete form to its governance-strengthening framework. - FY2016First statedAnnual report
「The company has introduced an executive officer system and appointed outside directors to strengthen the decision-making and supervisory functions of the board of directors, clarify executive responsibilities, and accelerate business execution. However, it believes that it must continually review and strengthen its framework in line with the expansion of its business and organisation, including by responding to specific organisational and institutional changes.」
The company has described the strengthening of decision-making, supervision, and executive responsibility through its executive officer system and outside directors.