Strengthening Oversight Through an Audit and Supervisory Committee Company and Outside Directors
First written in FY2017. 3 of 7 entries say "Advanced", first in FY2019. Latest entry: 2026-06-16.
1 other company's latest entry also says "Cited as achieved".
- 2026-06-16Cited as achievedOther Disclosures
「We report on the effectiveness of our corporate governance in a roundtable discussion format with outside directors.」
Cited initiatives concerning the effectiveness of corporate governance involving outside directors as part of the report. - FY2025AdvancedAnnual report
「Regarding the composition of the Board of Directors and ensuring diversity, which were identified as issues at the previous review, the ratio of outside directors on the Company's Board of Directors is expected to exceed 50%, subject to the approval of the proposals for the election of directors and directors serving as Audit and Supervisory Committee members at the Ordinary General Meeting of Shareholders scheduled for 29 January 2026.」
Regarding Board diversity and stronger oversight, the Company presents a specific plan to raise the ratio of outside directors above 50%. - FY2023ReframedAnnual report
「In November 2023, the Company expanded the functions of the committee and renamed it the Nomination, Compensation and Governance Committee.」
The Company expanded and renamed the existing Nomination and Compensation Committee to cover governance matters, succession planning and the effectiveness of the Board of Directors, among other areas. - FY2021AdvancedAnnual report
「In addition, the Company has established the Sustainability Committee to pursue stronger Group-wide sustainability initiatives aimed at addressing environmental and social issues.」
In addition to the existing company-with-audit-and-supervisory-committee structure, executive officer system and Nomination and Compensation Committee, the Company established the Sustainability Committee. - FY2019AdvancedAnnual report
「The Company has established the voluntary Nomination and Compensation Committee as an advisory body to ensure fairness, transparency and objectivity in procedures concerning the nomination and compensation of directors and to enhance corporate governance.」
The Company established and has operated the Nomination and Compensation Committee as a mechanism for outside director involvement in nomination and compensation matters, effective 30 May 2019. - FY2018RestatedAnnual report
「The Company has chosen the company-with-audit-and-supervisory-committee structure and seeks to continuously increase corporate value by ensuring transparency and fairness in management and strengthening its supervisory functions. In addition, to enable rapid decision-making, it introduced an executive officer system and separated the supervisory function, performed by directors, from the business execution function, performed by executive officers.」
The Company continues to pursue a governance policy based on the company-with-audit-and-supervisory-committee structure, the executive officer system, and the separation of supervisory and business execution functions. - FY2017First statedAnnual report
「By adopting the company-with-audit-and-supervisory-committee structure, the Company seeks to continuously increase corporate value by ensuring transparency and fairness in management and strengthening its supervisory functions.」
The Company explains that it has strengthened oversight through the company-with-audit-and-supervisory-committee structure, an outside director ratio above one-third, and a majority of outside directors on the Audit and Supervisory Committee.