Strengthening the governance system
First written in FY2016. 7 of 13 entries say "Advanced", first in FY2017-Q1. Latest entry: FY2026.
The whole theme swung hardest in 2023: 1 of 10 companies on the "Worse" side.
0 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「The Board of Directors consists of 6 directors, 3 of whom are outside directors (as of the date of submission of the Annual Securities Report). Going forward, the Company will broadly delegate decisions on the execution of operations to directors to enable prompt management decisions, while strengthening the Board of Directors’ oversight function.」
Regarding the filing company following the transition to a holding company structure, the company has established a Board of Directors consisting of 6 directors, 3 of whom are outside directors, and has set out delegating the execution of operations and strengthening the Board of Directors’ oversight function. - FY2022AdvancedAnnual report
「The Company has adopted the structure of a company with an Audit and Supervisory Committee. The Company adopted this system because it enables stronger corporate governance and greater fairness and transparency in management by establishing an Audit and Supervisory Committee in which a majority of members are outside directors and granting directors who serve as Audit and Supervisory Committee members voting rights at Board of Directors meetings. It also enables the Board of Directors to broadly delegate decisions on the execution of operations to directors, thereby separating execution from oversight, improving decision-making efficiency and contributing to further enhancement of corporate value.」
Under the company-with-an-Audit-and-Supervisory-Committee structure, 6 of the 15 directors serve as Audit and Supervisory Committee members, 5 of whom are outside directors. The company describes a structure designed to improve oversight and decision-making efficiency by broadly delegating decisions on the execution of operations to directors. - FY2021AdvancedAnnual report
「The Company has entered into a directors and officers liability insurance policy (D&O insurance) with an insurance company, naming each director as an insured person, as stipulated in Article 430-3, Paragraph 1 of the Companies Act.」
The company states that it has entered into a D&O insurance policy covering each director, in addition to a structure with an Audit and Supervisory Committee and 5 outside directors. - FY2020AdvancedAnnual report
「The Audit and Supervisory Committee consists of 6 directors who are Audit and Supervisory Committee members, 5 of whom are outside directors. The Audit and Supervisory Committee met 7 times during the fiscal year.」
Following the transition to a company with an Audit and Supervisory Committee, the company established an Audit and Supervisory Committee with 5 outside directors among its 6 members and held 7 meetings during the fiscal year. - FY2019AdvancedAnnual report
「The Company transitioned to a company with an Audit and Supervisory Committee pursuant to a resolution at the 41st Annual General Meeting of Shareholders held on 27 June 2019. The Audit and Supervisory Committee consists of 6 of the 16 directors, 5 of whom are outside directors.」
The company transitioned to a company with an Audit and Supervisory Committee, including outside directors, thereby putting into practice stronger oversight and the separation of executive functions from oversight. - FY2018-Q1AdvancedAnnual report
「At the Company’s 38th Annual General Meeting of Shareholders held on 29 June 2016, the number of outside directors increased by 1 to 3. The Company strengthened the Board of Directors’ management oversight function and transitioned to an executive structure with clearly defined responsibilities for each business division.」
The company describes the establishment of a 3-outside-director structure and the completed transition to an executive structure with clearly defined responsibilities for each business division as implemented structural changes. - FY2017RestatedAnnual report
「The Board of Directors consists of 13 directors, 3 of whom are outside directors. To enable prompt management decisions, the Board of Directors generally meets at least once a month, oversees the progress of each business division and makes decisions on important matters.」
The company has reaffirmed its 3-outside-director structure, the Board of Directors’ oversight of business divisions and clearly defined responsibilities within the executive structure. - FY2017-Q3RestatedAnnual report
「At the Company’s 38th Annual General Meeting of Shareholders held on 29 June 2016, the number of outside directors increased by 1 to 3. The Company will strengthen the Board of Directors’ management oversight function and transition to an executive structure with clearly defined responsibilities for each business division.」
The company has reiterated its existing governance policy of maintaining 3 outside directors, strengthening the Board of Directors’ oversight function and clarifying responsibilities for each business division. - FY2017-Q2RestatedAnnual report
「At the Company’s 38th Annual General Meeting of Shareholders held on 29 June 2016, the number of outside directors increased by 1 to 3. The Company will strengthen the Board of Directors’ management oversight function and transition to an executive structure with clearly defined responsibilities for each business division.」
The company has reaffirmed the policies and achievements through the previous quarter: a 3-outside-director structure, stronger Board of Directors oversight and clearly defined responsibilities for each business division. - FY2017-Q1AdvancedAnnual report
「At the Company’s 38th Annual General Meeting of Shareholders held on 29 June 2016, the number of outside directors increased by 1 to 3. The Company will strengthen the Board of Directors’ management oversight function and transition to an executive structure with clearly defined responsibilities for each business division.」
The number of outside directors increased by 1 to create a 3-director structure. The company plans to strengthen the Board of Directors’ oversight function and clarify responsibilities for each business division. - FY2016First statedAnnual report
「Increase the number of outside directors” “Strengthen the Board of Directors’ management oversight function” “Transition to an executive structure with clearly defined responsibilities for each business division」
As measures under the medium-term management plan, the company has set out increasing the number of outside directors, strengthening the Board of Directors’ oversight function and clarifying responsibilities by business division.