Strengthening Internal Controls and Corporate Governance
First written in FY2017. 3 of 7 entries say "Advanced", first in FY2018. Latest entry: FY2023.
- FY2023RestatedAnnual report
「The company will continue working to strengthen its internal management structure by enhancing its compliance framework and developing and operating its internal control systems.」
The company continues to maintain a management structure based on a company with an Audit and Supervisory Committee, the Evaluation Committee, the executive officer system and internal control systems. - FY2022ReframedAnnual report
「At the 14th Annual General Meeting of Shareholders held on 23 December 2022, the company approved amendments to its Articles of Incorporation providing for a transition to a company with an Audit and Supervisory Committee. Accordingly, the company changed from a company with a Board of Corporate Auditors to a company with an Audit and Supervisory Committee. It has established the General Meeting of Shareholders, Board of Directors and Audit and Supervisory Committee as statutory bodies under the Companies Act, and established the Evaluation Committee as a voluntary committee equivalent to a nomination and compensation committee, thereby enhancing management transparency and establishing a management structure that ensures both agile decision-making and effective oversight.」
The company changed from a company with a Board of Corporate Auditors to a company with an Audit and Supervisory Committee and reorganized its governance structure around the Audit and Supervisory Committee. - FY2021RestatedAnnual report
「The company has adopted a corporate auditor system and established the General Meeting of Shareholders, Board of Directors and Board of Corporate Auditors as statutory bodies under the Companies Act. It has also established the Evaluation Committee as a voluntary committee equivalent to a nomination and compensation committee, thereby enhancing management transparency and establishing a management structure that ensures both agile decision-making and effective oversight. In addition, to strengthen business execution functions, the company has introduced an executive officer system, under which executive officers conduct business operations based on appointment by the Board of Directors and under the direction and authority of the Representative Director and President.」
The company reiterates the operation of its governance structure, including the Board of Directors, Board of Corporate Auditors, Evaluation Committee and executive officer system. - FY2020AdvancedAnnual report
「We have adopted an Audit & Supervisory Board system and established the General Meeting of Shareholders, Board of Directors, and Audit & Supervisory Board as bodies under the Companies Act. We have also established the Evaluation Committee as a voluntary committee equivalent to a nomination and compensation committee, thereby creating a management structure that enhances management transparency and enables agile decision-making. In addition, we introduced an executive officer system to strengthen the company's business execution functions.」
The company provides specific disclosure on the operation of its governance structure, including the Board of Directors, Board of Corporate Auditors, Evaluation Committee and executive officer system. - FY2019AdvancedAnnual report
「The Evaluation Committee was established in May 2019.」
The company established the Evaluation Committee, composed of outside officers, in May 2019 to deliberate on the nomination and compensation of officers and make recommendations to the Board of Directors. - FY2018AdvancedAnnual report
「Internal audits are conducted systematically by 2 internal audit personnel appointed by the Representative Director and President, who report the audit results to the Representative Director and President.」
The company has specifically disclosed systematic audits by 2 internal audit personnel, coordination with Audit & Supervisory Board Members and the accounting auditor, and operation of its internal management framework, including the Board of Directors, Audit & Supervisory Board, and management committee. - FY2017First statedAnnual report
「The Company will strengthen its internal management framework and seek to maximize corporate value by appropriately establishing its internal control environment and enhancing corporate governance.」
The company has stated its policy of strengthening its internal management framework through improvements to the internal control environment, enhancement of its compliance framework, and standardization and streamlining of operations.