Separation of Executive and Oversight Functions at a Company with a Three-Committee Board
First written in FY2016. 3 of 9 entries say "Restated". Latest entry: 2026-06-29.
The whole theme swung hardest in 2021: 3 of 37 companies on the "Worse" side.
25 other companies' latest entry also says "Restated".
- FY2025Change in board compositionAnnual report
「The Board of Directors consists of 10 directors, 7 of whom are outside directors. Within the scope permitted by law, it delegates authority to executive officers and focuses on deciding important matters relating to basic management policies, including the medium-term management plan and management policies, and overseeing business execution.」
The company continues to operate under a company with a Nominating Committee, etc. structure, while the Board of Directors changed from 8 directors, including 5 outside directors, to 10 directors, including 7 outside directors. - FY2022Change in board compositionAnnual report
「The Board of Directors consists of 8 directors, 5 of whom are outside directors. Within the scope permitted by law, it delegates authority to executive officers and focuses on deciding important matters relating to basic management policies, including the medium-term management plan and management policies, and overseeing business execution.」
The company continues to operate under a company with a Nominating Committee, etc. structure, with 8 directors, including 5 outside directors. - FY2019AdvancedAnnual report
「The Board of Directors consists of 9 directors, 6 of whom are outside directors. It determines basic management policies, allocates the duties of executive officers, makes other important management decisions, and oversees the execution of duties by executive officers and others.」
The company continues to operate under a company with a Nominating Committee, etc. structure, with the Board of Directors comprising 9 directors, including 6 outside directors. - FY2018RestatedAnnual report
「The company has adopted a company with a Nominating Committee, etc. structure, separating management execution from oversight.」
The company continues to separate execution from oversight under a company with a Nominating Committee, etc. structure. The structure also includes the Board of Directors, 3 committees, and 5 outside directors. - FY2017RestatedAnnual report
「The company has adopted a company with a Nominating Committee, etc. structure, separating management execution from oversight.」
The company continues to separate execution from oversight under a company with a Nominating Committee, etc. structure. The structure also includes the Board of Directors, 3 committees—the Nominating, Compensation, and Audit Committees—and 5 outside directors. - FY2016First statedAnnual report
「The company has adopted a company with a Nominating Committee, etc. structure, separating management execution from oversight.」
The structure is intended to enable swift management decisions, oversight by the Board of Directors and 3 committees, and transparency and fairness.