Reducing the Board’s Size and Introducing an Executive Officer System
First written in FY2020. 3 of 4 entries say "Advanced", first in FY2021. Latest entry: FY2023.
The whole theme swung hardest in 2023: 9 of 51 companies on the "Worse" side.
24 other companies' latest entry also says "Advanced".
- FY2023AdvancedAnnual report
「During the fiscal year ending June 2023, the board of directors passed 77 resolutions on important management matters, including consideration and approval of the medium-term management plan, consideration and approval of the choice of market, proposals concerning personnel and employee benefit systems, and proposals concerning sustainability.」
The board of directors held 20 meetings and passed 77 resolutions, including those concerning the medium-term management plan, the choice of market, personnel and employee benefits, and sustainability. This provides a concrete record of board operations under the executive officer system. - FY2022AdvancedAnnual report
「In addition to holding regular board meetings every month, the company convenes extraordinary board meetings as necessary, holding 19 meetings during the fiscal year. During the fiscal year ending June 2022, the board passed 74 resolutions on important management matters, including consideration and approval of the medium-term management plan, proposals concerning the personnel system for employees, and proposals concerning organizational restructuring and executive appointments.」
The board of directors held 19 meetings during the fiscal year and passed 74 resolutions, including those concerning the medium-term management plan, the personnel system, and organizational restructuring. This provides a concrete record of board operations under the executive officer system. - FY2021AdvancedAnnual report
「The company stipulates that the board of directors is responsible for appropriately fulfilling the following duties: 1. Setting the broad direction of corporate strategy and other matters; 2. Considering and implementing measures that contribute to enhancing corporate value based on sound entrepreneurial spirit; and 3. Providing highly effective oversight of directors and executive officers.」
The board of directors held 18 meetings during the fiscal year under a 6-director structure and an executive officer system, disclosing its operating record, including oversight of executive officers' execution of duties. - FY2020First statedAnnual report
「The board of directors had previously consisted of 10 directors, including 2 independent outside directors. To review its board structure for the purpose of clarifying responsibility for oversight of management and execution of operations, the company had reduced the board to 6 directors as of the date of filing this report, including 2 independent outside directors. As noted above, to review the board structure and clarify responsibility for oversight of management and execution of duties, the company introduced an executive officer system on 25 September 2020.」
The company reduced the number of directors from 10 to 6 and introduced an executive officer system on 25 September 2020 to clarify responsibility for execution of duties.