Objective Oversight and Auditing Using the Expertise of Outside Officers
First written in FY2019. 2 of 3 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2023: 2 of 6 companies on the "Worse" side.
6 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「We appoint outside directors on the condition that they have extensive experience and deep insight as business executives, and with the expectation that they will apply this experience to our management. From an independent and neutral position separate from our management team, they are expected to serve a checking function so that management decisions do not become unduly influenced by the logic of insiders. We appoint outside corporate auditors on the condition that they have extensive experience and specialized knowledge as attorneys, certified public accountants or similar professionals. As an independent body, they audit the execution of directors' duties from an objective outside perspective and are expected to enhance the effectiveness of our corporate governance.」
The roles of outside directors in checking management decisions and outside corporate auditors, who are attorneys and certified public accountants, in conducting objective audits are reaffirmed. - FY2021RestatedAnnual report
「We appoint outside directors on the condition that they have extensive experience and deep insight as business executives, and with the expectation that they will apply this experience to our management. From an independent and neutral position separate from our management team, they are expected to serve a checking function so that management decisions do not become unduly influenced by the logic of insiders. We appoint outside corporate auditors on the condition that they have extensive experience and specialized knowledge as attorneys, certified public accountants or similar professionals. By auditing the execution of directors' duties from an objective outside perspective, they are expected to enhance the effectiveness of our corporate governance.」
The roles of outside directors in checking management decisions and outside corporate auditors, who are attorneys and certified public accountants, in conducting objective audits are reaffirmed. - FY2019First statedAnnual report
「We appoint outside directors on the condition that they have extensive experience and deep insight as business executives, and with the expectation that they will apply this experience to our management. From an independent and neutral position separate from our management team, they are expected to serve a checking function so that management decisions do not become unduly influenced by the logic of insiders. We appoint outside corporate auditors on the condition that they have extensive experience and specialized knowledge as attorneys, certified public accountants or similar professionals. By auditing the execution of directors' duties from an objective outside perspective, they are expected to enhance the effectiveness of our corporate governance.」
The roles of outside directors in checking management decisions, drawing on their management and distribution-service experience, and outside corporate auditors in auditing the company objectively, drawing on their expertise as attorneys and certified public accountants, are explicitly stated.