Fair and Expeditious Management through Outside Directors and the Executive Officer System
First written in FY2016. 10 of 13 entries say "Advanced", first in FY2017. Latest entry: 2026-10-02.
The whole theme swung hardest in 2023: 9 of 51 companies on the "Worse" side.
24 other companies' latest entry also says "Advanced".
- 2026-10-02AdvancedGovernance
「We are strengthening the audit function as an independent organization directly under the President and working to establish an ERM (enterprise risk management) framework by progressively integrating the risk-management and compliance functions into the corporate planning division.」
The Company indicated the independence of the audit function, ERM integration and the establishment of a dedicated department for internal controls at subsidiaries. - FY2026AdvancedAnnual report
「Based on the results of a survey commissioned from an external organisation and advice from external experts, we analysed and assessed the overall effectiveness of our Board of Directors as secured, with overall average scores of 4.0 or higher for all major items (as described in (a) a.).」
The company has continued its Board effectiveness evaluation by an external organisation and received average scores of 4.0 or higher for all major items. It describes measures to promote management that takes capital costs and the share price into account and to reflect ESG and SDGs in its strategy, including ROIC management, stronger ERM, making the Crisis Management Office a permanent function and strengthening group-wide internal controls. - FY2025AdvancedAnnual report
「For our domestic and overseas subsidiaries, the Audit and Supervisory Committee systematically conducts on-site audits based on the audit plan, while we are strengthening the internal audit function to improve audit precision.」
In its Board effectiveness evaluation, the company identified oversight and monitoring of internal controls across the entire group, including subsidiaries, as an issue and is proceeding with measures including on-site audits by the Audit and Supervisory Committee, strengthening the internal audit function and appointing part-time officers to subsidiaries. - FY2024AdvancedAnnual report
「Based on the results of a survey commissioned from an external organisation and advice from external experts, we analysed and assessed the overall effectiveness of our Board of Directors as secured, with overall average scores of 4.0 or higher for all major items. At the same time, we recognise that there is room for improvement and further initiatives, mainly in the following areas, and will address them as priorities.」
The company conducted its Board effectiveness evaluation through a survey by an external organisation and received average scores of 4.0 or higher for all evaluation items. It describes measures to establish and arrange forums for Board discussions on sustainability and on the progress and issues associated with major capital investments. - FY2023RestatedAnnual report
「Since fiscal 2022, we have substantially revised our authority regulations, including the criteria for matters to be submitted to the Board of Directors, with the aim of substantially delegating authority to operating divisions.」
In addition to the Company with an Audit and Supervisory Committee, 6 independent outside directors and the Nomination and Compensation Committee structure, the company has reconfirmed the initiatives implemented since fiscal 2022 to delegate authority to operating divisions and review the criteria for matters submitted to the Board and the authority regulations. - FY2022AdvancedAnnual report
「Following changes to the organisational structure and streamlining of the officer structure, we reformed the internal decision-making process, focusing on delegating authority to operating divisions and improving the efficiency of approval procedures. The reforms have been in effect since fiscal 2022.」
In addition to the Company with an Audit and Supervisory Committee and the outside director structure, the company carried out decision-making reforms aimed at delegating authority to operating divisions and improving the efficiency of approval procedures, which took effect from fiscal 2022. - FY2021AdvancedAnnual report
「Our Board of Directors comprises 7 directors who are not Audit and Supervisory Committee members, including 3 outside directors, and 5 directors who are Audit and Supervisory Committee members, including 3 outside directors. All 6 outside directors have been designated as independent officers.」
Under the Company with an Audit and Supervisory Committee structure, the company describes a Board of Directors including 6 independent outside directors, 10 Board meetings held during the fiscal year, and a 100% attendance rate for outside directors. - FY2019AdvancedAnnual report
「We have established a voluntary Nomination and Compensation Advisory Committee to ensure fair and highly transparent procedures for nominations and compensation decisions. In addition, we have introduced an executive officer system to enable faster management decision-making and further accelerate the execution of business operations.」
In addition to the Company with an Audit and Supervisory Committee structure and a framework comprising 6 outside directors and independent officers, the company specifically describes the establishment of a voluntary Nomination and Compensation Advisory Committee. - FY2017AdvancedAnnual report
「Following approval at the 164th Annual General Meeting of Shareholders held on 16 June 2017, the company changed to a Company with an Audit and Supervisory Committee. The purpose of the change was to adopt a simple, easy-to-understand, globally standard organisational structure in response to the globalisation of corporate activities and the rapidly changing business environment, thereby achieving faster decision-making and stronger governance.」
The company changed to a Company with an Audit and Supervisory Committee and established a Board of Directors including 6 outside directors. Its governance framework based on outside directors and the executive officer system has been given concrete form. - FY2016First statedAnnual report
「To achieve fair and highly transparent management, our Board of Directors includes 2 outside directors, from whom it receives management advice. In addition, we have introduced an executive officer system to enable faster management decision-making and further accelerate the execution of business operations.」
The company describes its 2 outside directors and executive officer system as a framework for fair, transparent and expeditious management.