Strengthening Subsidiary Governance and Oversight Functions by the Holding Company
First written in FY2017. 8 of 9 entries say "Advanced", first in FY2018. Latest entry: FY2026.
40 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「The board held 13 meetings during the fiscal year and focused its oversight on confirming progress under the medium-term management plan, addressing related issues, and strengthening governance.」
The oversight framework was disclosed, including participation by Group Management Meeting members in the boards of principal subsidiaries, reports to the board from committees such as the Risk Management Committee, and 13 board meetings during the year. - 2026-09-03AdvancedGeneral Meetings of Shareholders
「The Nomination and Compensation Advisory Committee deliberates comprehensively, mainly on matters concerning the appointment and dismissal of directors, succession planning, and individual compensation for directors other than Audit and Supervisory Committee members, and makes recommendations to the Board of Directors.」
The company explicitly stated that succession planning falls within the remit of the Nomination and Compensation Advisory Committee as part of the governance structure operated by the holding company. - FY2024AdvancedAnnual report
「All members of Group Management Meetings also participate in the board meetings of the principal Group companies, where they work to understand the business execution status of each company and manage risk.」
With regard to the holding company's governance of subsidiaries, the participation of all Group Management Meeting members in the boards of principal subsidiaries was explicitly stated as a means of monitoring business execution and managing risk. - FY2022-Q1AdvancedAnnual report
「The establishment of a department to pursue synergies across the Group and the strengthening of the related framework as company-wide expenses were the main factors behind the decline in profit.」
The establishment of a department to pursue Group synergies and the strengthening of its framework were described as initiatives by the holding company to oversee and coordinate the Group. - FY2021AdvancedAnnual report
「The representative directors and directors responsible for business administration of each Group company serve as executive officers of the company and report on business execution at Group Management Meetings chaired by the Group CEO. The Group CFO, Group CDO, Group CBO, Group CRO, Group CHRO and Group CISO each report on the execution of Group-wide strategy in their respective areas of responsibility.」
The reporting lines involving Group Management Meetings and functional heads such as the CEO and CFO were detailed, establishing a framework for executing and overseeing Group-wide strategy. - FY2020AdvancedAnnual report
「The representative directors and directors responsible for business administration of each Group company report their business execution status to the company's representative director through the Group CEO line. The directors responsible for finance at each Group company report to the company's director responsible for finance through the Group CFO line. Through this Group management structure, we aim to achieve sustainable growth and enhance corporate value.」
The framework for monitoring subsidiaries' business execution and financial reporting through the Group CEO and CFO lines was explicitly stated. The document also describes the CRM Committee, internal audits, monthly subsidiary board meetings, and approval procedures for investments, personnel matters and capital policy. - FY2019AdvancedAnnual report
「The subsidiaries have entered into management guidance and management control agreements, establishing a system under which the company receives reports on important matters related to the duties performed by directors and others. Although the board of directors of each operating company makes decisions on important matters, regulations and procedures require approval from holding company Avant for (a) investments, including office contracts, (b) personnel matters, and (c) financing, including capital policy.」
The holding company's reporting and approval procedures for important subsidiary matters were detailed. The document also describes the operation of Group oversight functions, including the CRM Committee, internal audits, monthly subsidiary board meetings, and rolling forecast management. - FY2018AdvancedAnnual report
「The subsidiaries generally hold regular board meetings once a month and convene extraordinary board meetings as necessary to make decisions and execute operations promptly. The Group General Affairs Office confirms that the meetings are held.」
The holding company's governance of subsidiaries was detailed, including regular subsidiary board meetings, confirmation by the Group General Affairs Office, internal audits and reporting, and operation of a compliance hotline. - FY2017First statedAnnual report
「As the operating companies under the holding company have increasingly developed distinct characteristics, the Group is working to instill its management philosophy among the management teams of each company in order to maintain the Group's cohesion and management transparency. At the same time, it is strengthening oversight by having outside directors and outside corporate auditors participate as observers at the subsidiaries' board meetings.」
A framework was described for strengthening the Group's cohesion, transparency and oversight functions by instilling the management philosophy at subsidiaries and having outside directors and outside corporate auditors participate in subsidiary board meetings.