Separation of Oversight and Execution Through the Board of Directors, Board of Corporate Auditors and Executive Officer System
First written in FY2016. 5 of 6 entries say "Advanced", first in FY2017. Latest entry: FY2025.
37 other companies' latest entry also says "Advanced".
- FY2025AdvancedAnnual report
「We have strengthened the Board of Directors' monitoring and oversight functions by ensuring that independent outside directors constitute a majority of the Board and establishing a nomination and compensation committee in which outside directors constitute a majority of the members, as well as a council of outside officers.」
The separation of oversight and execution through a majority of independent outside directors, a nomination and compensation committee and a council of outside officers has continued and been given concrete form. - FY2024AdvancedAnnual report
「We have strengthened the Board of Directors' monitoring and oversight functions by ensuring that independent outside directors constitute a majority of the Board, establishing a nomination and compensation committee in which outside directors constitute a majority of the members, and establishing a council of outside officers composed solely of outside officers, namely outside directors and outside Audit & Supervisory Board members.」
The oversight structure comprising a majority of independent outside directors, a nomination and compensation committee and a council of outside officers remains in place and has been given concrete form. - FY2022AdvancedAnnual report
「We have established three committees as subordinate bodies of the Board of Directors, namely the Investment Committee, Sustainability Committee and Compliance and Risk Management Committee, with the Representative Director, President and CEO serving as chair of all three committees, as well as an executive officer and CxO system.」
A governance structure including three committees covering investment, sustainability, and compliance and risk management has been established. - FY2021AdvancedAnnual report
「We have established a voluntary Nomination and Compensation Committee to enhance the independence, objectivity and accountability of the Board of Directors by ensuring the transparency and objectivity of the evaluation and decision-making processes concerning the nomination and compensation of directors, thereby further enhancing our group's corporate governance framework.」
A voluntary Nomination and Compensation Committee was established, creating a structure to enhance the transparency and objectivity of the appointment and dismissal and compensation of directors. - FY2017AdvancedAnnual report
「Our Board of Directors comprises 10 directors, including 3 outside directors. In addition to regular Board meetings held each month, extraordinary Board meetings are held as necessary.」
A specific oversight and audit structure has been established, comprising 3 outside directors among the 10 directors, 3 Audit & Supervisory Board members and 2 members of the Internal Audit Office. - FY2016First statedAnnual report
「We have introduced an executive officer system to clearly separate the Board of Directors' decision-making and oversight of business execution from the business execution functions of each division, thereby improving management efficiency.」
A governance structure combining the Board of Directors, Audit & Supervisory Board, Management Committee and executive officer system has been established.