Corporate Governance Through Audits, Outside Directors and Internal Controls
First written in FY2016. 5 of 7 entries say "Advanced", first in FY2017. Latest entry: FY2023.
NEXYZ.Group moved to the "Worse" side of this theme in 2023.
The whole theme swung hardest in 2023: 3 of 24 companies on the "Worse" side.
1 other company's latest entry also says "Reframed".
- FY2023ReframedAnnual report
「The company has adopted an audit and supervisory committee system to strengthen the Board of Directors' audit and supervisory functions and further enhance corporate governance. As of the date of filing the annual securities report, the company has 9 directors: 6 directors excluding directors who are Audit and Supervisory Committee members, including 1 outside director, and 3 directors who are Audit and Supervisory Committee members, including 2 outside directors. The company has also established a Nomination Committee and a Compensation Committee as voluntary advisory bodies to the Board of Directors.」
The Board of Directors has 9 members, and voluntary Nomination and Compensation Committees have been established to reinforce the appropriateness, transparency and accountability of decisions on the appointment and dismissal of officers and their compensation. - FY2022AdvancedAnnual report
「As of the date of filing the annual securities report, the company has 10 directors: 6 directors excluding directors who are Audit and Supervisory Committee members, including 1 outside director, and 4 directors who are Audit and Supervisory Committee members, including 3 outside directors.」
The company has a 10-member structure under its audit and supervisory committee system, comprising 6 directors and 4 Audit and Supervisory Committee members, including 4 outside directors. - FY2020AdvancedAnnual report
「As of the date of filing the annual securities report, the company has 9 directors: 6 directors excluding directors who are Audit and Supervisory Committee members, including 1 outside director, and 3 directors who are Audit and Supervisory Committee members, including 2 outside directors.」
Following the change to a company with an audit and supervisory committee system, the company has a 9-member Board of Directors comprising 6 directors and 3 Audit and Supervisory Committee members. - FY2019AdvancedAnnual report
「To strengthen the Board of Directors' audit and supervisory functions and further enhance corporate governance, the company changed from a company with a statutory auditor system to a company with an audit and supervisory committee system, based on a resolution at the Annual General Meeting of Shareholders held on 17 December 2019.」
The company changed from a company with a statutory auditor system to a company with an audit and supervisory committee system, implementing a governance structure designed to strengthen its audit and supervisory functions. - FY2018AdvancedAnnual report
「As of the date of filing the annual securities report, the company has 7 directors, of whom 5 are internal directors and 2 are outside directors. The audit function comprises 3 statutory auditors, including 2 outside statutory auditors, as well as the internal audit office and the accounting auditor, which conduct appropriate operational and accounting audits.」
The company has a 7-member Board of Directors, including 2 outside directors, and an audit structure comprising 3 statutory auditors, including 2 outside statutory auditors, the internal audit office and the accounting auditor. - FY2017AdvancedAnnual report
「Of the 6 directors, 4 are internal directors and 2 are outside directors. As of the date of filing the annual securities report, the audit function comprises 3 statutory auditors, including 2 outside statutory auditors, as well as the internal audit office and the accounting auditor, which conduct appropriate operational and accounting audits.」
The company has a 6-member Board of Directors, including 2 outside directors, a statutory auditor structure including 2 outside statutory auditors, and cooperation with the internal audit office and accounting auditor. - FY2016First statedAnnual report
「We have adopted a statutory auditor system because we believe that an audit structure involving statutory auditors, including outside statutory auditors, provides an effective management oversight function. With statutory auditors' legality audits as the foundation of corporate governance, we aim to make management decisions rationally and effectively so that we can respond promptly and appropriately to changes in the business environment, achieve sustainable corporate growth and establish a strong management base.」
The company's basic approach is a framework for management oversight and decision-making that combines statutory auditors, outside officers, the internal audit office and the accounting auditor.