Strengthening governance through the separation of oversight and execution and outside officers
First written in FY2021. 5 of 7 entries say "Advanced", first in FY2022. Latest entry: FY2026.
33 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「The Board of Directors consists of 8 directors, 4 of whom are outside directors as defined in Article 2, item 15 of the Companies Act. In addition to regular Board meetings held monthly, extraordinary Board meetings are held as necessary.」
The company has maintained a structure separating oversight and execution through the Board of Corporate Auditors, executive officer system, Nomination and Compensation Committee and Risk and Compliance Committee, among others. The Nomination and Compensation Committee met 4 times and also deliberated on succession planning and executive employee development. - FY2025AdvancedAnnual report
「To separate the roles of business execution from decision-making and oversight, we have established an executive officer system and established the Nomination and Compensation Committee as a voluntary body, with the aim of strengthening oversight of management.” “Number of Nomination and Compensation Committee meetings: 8 (March 2024 to February 2025)」
The company has maintained a structure separating oversight and execution and provided specific disclosure on the Nomination and Compensation Committee’s composition, in which independent outside directors constitute a majority, its 8 meetings, and its deliberations on succession planning and executive employee development. - FY2024AdvancedAnnual report
「To separate the roles of business execution from decision-making and oversight, we have established an executive officer system and established the Nomination and Compensation Committee as a voluntary body, with the aim of strengthening oversight of management.」
The company has maintained a structure separating oversight and execution, including the Nomination and Compensation Committee and Risk and Compliance Committee, and provided specific disclosure on the activities of the Board of Directors, Board of Corporate Auditors and internal audit function. - FY2022AdvancedAnnual report
「As voluntary bodies, we have established the Management Committee, Special Committee, Nomination and Compensation Committee, Risk and Compliance Committee, Information Security Committee and Sustainability Promotion Committee. The Board of Directors consists of 9 directors, 5 of whom are outside directors as defined in Article 2, item 15 of the Companies Act.」
In addition to separating oversight and execution, the company provided specific disclosure on its operating structure, including the Special Committee, Risk and Compliance Committee, Information Security Committee and Sustainability Promotion Committee. - FY2021First statedAnnual report
「We have adopted the above structure to ensure management transparency and soundness while speeding up decision-making. In addition, to separate the roles of business execution from decision-making and oversight, we have established an executive officer system and established nomination and compensation committees as voluntary bodies, with the aim of strengthening oversight of management.」
The company states that transparency and oversight are ensured through the Board of Directors, Board of Corporate Auditors, 5 outside directors and voluntary nomination and compensation committees, among other bodies.