Transition to a Company with an Audit and Supervisory Committee and Strengthening Oversight by Outside Directors
First written in FY2021. 3 of 4 entries say "Restated". Latest entry: FY2025.
- FY2025RestatedAnnual report
「The company's Audit and Supervisory Committee currently comprises 3 members, all of whom are outside directors. Following the transition to a company with an Audit and Supervisory Committee, directors who are Audit and Supervisory Committee members have voting rights at Board of Directors meetings in addition to conducting audits, which the company believes ensures an effective oversight function over management and the directors.」
The company-with-an-audit-and-supervisory-committee structure and oversight by 3 outside directors were reaffirmed. - FY2023RestatedAnnual report
「The company's Audit and Supervisory Committee currently comprises 3 members, all of whom are outside directors. Following the transition to a company with an Audit and Supervisory Committee, directors who are Audit and Supervisory Committee members have voting rights at Board of Directors meetings in addition to conducting audits, which the company believes ensures an effective oversight function over management and the directors.」
The company continues to operate an oversight framework comprising a company with an Audit and Supervisory Committee and 3 outside directors. - FY2022RestatedAnnual report
「To ensure management efficiency and soundness and further strengthen corporate governance, the company transitioned, based on a resolution of the annual general meeting of shareholders held on 29 June 2020, to a company with an Audit and Supervisory Committee consisting of at least 3 directors, including highly independent outside directors.」
The company continues to operate an oversight framework comprising a company with an Audit and Supervisory Committee and outside directors. - FY2021First statedAnnual report
「To ensure management efficiency and soundness and further strengthen corporate governance, the company transitioned, based on a resolution of the annual general meeting of shareholders held on 29 June 2020, to a company with an Audit and Supervisory Committee consisting of at least 3 directors, including highly independent outside directors.」
The company changed from a company with a Board of Corporate Auditors to a company with an Audit and Supervisory Committee, adopting a framework under which Audit and Supervisory Committee members have voting rights at Board of Directors meetings.