Oversight by Boards of Directors and Audit & Supervisory Boards Including Outside Officers
First written in FY2016. 2 of 6 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2023: 14 of 103 companies on the "Worse" side.
40 other companies' latest entry also says "Other".
- FY2025A change in the composition of the board is planned.Annual report
「If this proposal is approved, the company is expected to have 9 Directors who are not Audit and Supervisory Committee Members, including 1 Outside Director, and 4 Directors who are Audit and Supervisory Committee Members, all of whom will be Outside Directors.」
The company indicated plans to maintain a structure of 5 Outside Directors while changing the Board of Directors from 15 members to 13 after the shareholders’ meeting in December 2025. - FY2024AdvancedAnnual report
「The company has a total of 5 Outside Directors: 1 Director who is not an Audit and Supervisory Committee Member and 4 Directors who are Audit and Supervisory Committee Members. Based on their independent standing, professional expertise, and broad experience, they objectively audit and supervise management and provide advice on overall management, thereby helping to further improve the appropriateness of management.」
The company discloses its structure of 5 Outside Directors and their roles in auditing, supervising, and advising management from an independent standpoint. - FY2021ReframedAnnual report
「Based on a resolution of the 28th Annual General Meeting of Shareholders held on 19 December 2021, we changed from a company with a Board of Corporate Auditors to a company with an Audit and Supervisory Committee. We established an Audit and Supervisory Committee composed of Outside Directors, and Directors serving as Audit and Supervisory Committee Members, including Outside Directors with specialized knowledge in finance, law, management, and other fields, conduct audits not only of legal compliance but also of business appropriateness.」
The company changed from a company with a Board of Corporate Auditors to a company with an Audit and Supervisory Committee, changing its oversight and audit framework through an Audit and Supervisory Committee comprising 4 Outside Directors. - FY2019RestatedAnnual report
「The company has 2 Outside Directors and 3 Outside Corporate Auditors. Based on their independent standing, professional expertise, and broad experience, they objectively audit and supervise management and provide advice on overall management, thereby helping to further improve the appropriateness of management.」
The company continues to use objective oversight and advice from Outside Directors and Outside Corporate Auditors as a governance measure. - FY2018RestatedAnnual report
「The company has 2 Outside Directors and 3 Outside Corporate Auditors. Based on their independent standing, professional expertise, and broad experience, they objectively audit and supervise management and provide advice on overall management, thereby helping to further improve the appropriateness of management.」
The company continues to use objective oversight and advice from Outside Directors and Outside Corporate Auditors as a means of strengthening governance. - FY2016First statedAnnual report
「We believe that involving Outside Directors and Outside Corporate Auditors will further invigorate the Board of Directors and the Board of Corporate Auditors, and that strengthening these bodies will enable further enhancement of corporate governance.」
The company cites the involvement of Outside Directors and Outside Corporate Auditors, together with coordination with audit functions, as reasons for strengthening governance.