Transition to a Company with an Audit and Supervisory Committee
First written in FY2016. 2 of 5 entries say "Restated". Latest entry: FY2023.
- FY2023RestatedAnnual report
「The Company has adopted a company with an Audit and Supervisory Committee to ensure a system for supervising management. There are 5 directors excluding directors who are Audit and Supervisory Committee members, including 2 outside directors, and 3 directors who are Audit and Supervisory Committee members, all of whom are outside directors. The Company seeks to strengthen its management-monitoring function through highly independent outside directors.」
The Company continues to maintain its status as a company with an Audit and Supervisory Committee and an Audit and Supervisory Committee structure comprising 3 outside directors. - FY2020Change in the number of Audit and Supervisory Committee members reportedAnnual report
「The Company has adopted a company with an Audit and Supervisory Committee to ensure a system for supervising management. There are 5 directors excluding directors who are Audit and Supervisory Committee members, including 2 outside directors, and 3 directors who are Audit and Supervisory Committee members, all of whom are outside directors. The Company seeks to strengthen its management-monitoring function through highly independent outside directors.」
The overview of the corporate governance structure lists 3 Audit and Supervisory Committee members, a change from the 4 previously reported. However, a separate description in the audit section states that the Audit and Supervisory Committee audit is composed of 4 outside directors. - FY2019AdvancedAnnual report
「There are 4 directors who are Audit and Supervisory Committee members, all of whom are outside directors. The Company seeks to strengthen its management-monitoring function through highly independent outside directors.」
The number of outside directors serving as Audit and Supervisory Committee members changed from 3 as previously reported to 4, and the monitoring structure is described. - FY2018RestatedAnnual report
「The Company has adopted a company with an Audit and Supervisory Committee to ensure a system for supervising management. There are 4 directors excluding directors who are Audit and Supervisory Committee members, including 1 outside director, and 3 directors who are Audit and Supervisory Committee members, all of whom are outside directors. The Company seeks to strengthen its management-monitoring function through highly independent outside directors.」
The Company continues to maintain its structure as a company with an Audit and Supervisory Committee and is monitored by outside directors, including 3 Audit and Supervisory Committee members. - FY2016First statedAnnual report
「At the Annual General Meeting of Shareholders held on 24 June 2016, a resolution was passed to amend the Articles of Incorporation to transition to a company with an Audit and Supervisory Committee. Accordingly, the Company transitioned on the same date from a company with a board of company auditors to a company with an Audit and Supervisory Committee. The purpose of this transition was to strengthen the Board of Directors’ supervisory function, achieve more transparent management, and further enhance corporate governance.」
The transition to a new company structure has been completed, with the stated objectives of strengthening supervisory functions, transparency and corporate governance.