Transparent and fair management and stronger governance through outside directors and statutory auditors
First written in FY2016. 10 of 18 entries say "Advanced", first in FY2017. Latest entry: 2026-09-01.
The whole theme swung hardest in 2023: 15 of 103 companies on the "Worse" side.
- FY2026AdvancedAnnual report
「The company has 5 outside directors and 2 outside statutory auditors.」
The company presented a structure under which the number of outside directors would increase from 4 to 5 if the proposals at the June 2026 shareholders' meeting were approved. - FY2025AdvancedAnnual report
「In fiscal 2024, the scope of the interviews was expanded to all officers, and opinions were collected from both internal and external perspectives on issues and responses, with the aim of further enriching discussions on the company's management issues and strategy.」
For the evaluation of the Board of Directors' effectiveness, the scope of individual interviews was expanded from outside officers to all officers. - FY2024AdvancedAnnual report
「In fiscal 2023, in addition to a questionnaire, the company conducted individual interviews for the first time with all outside officers, led by a corporate attorney familiar with the company's management.」
For the evaluation of the Board of Directors' effectiveness, individual interviews with outside officers were introduced in fiscal 2023 in addition to the existing questionnaire. - FY2023Update to the composition of outside officersAnnual report
「The company has 4 outside directors and 2 outside statutory auditors.」
The composition of outside officers for the fiscal year was stated as 4 outside directors and 2 outside statutory auditors. - FY2022AdvancedAnnual report
「The Advisory Board was established in April 2021 in place of the Management Advisory Committee. Its members comprise outside experts, including outside directors, and it serves as an advisory body to the president, providing opportunities to obtain recommendations from outside directors and others on management issues.」
An Advisory Board was established in April 2021 in place of the Management Advisory Committee, giving concrete form to a structure for obtaining recommendations on management issues from outside experts. A D&I Promotion Committee has also been established. - FY2021AdvancedAnnual report
「A small Board of Directors whose composition reflects management issues, operation centered on discussion, further enhancement of a fair and transparent nomination and compensation review process led by outside officers, and improvement of the maturity of internal controls across the Group, including overseas subsidiaries」
As part of advancing governance toward 2030, the company gave concrete form to the composition and deliberative operation of the Board of Directors, the nomination and compensation process led by outside officers, and improvements in the maturity of internal controls, including at overseas subsidiaries. - FY2020-Q3RestatedAnnual report
「(b) Advancing governance ・Strengthening the roles and functions of the Board of Directors」
Under the integrated company's basic policy toward 2030, strengthening the roles and functions of the Board of Directors remains a key governance priority. - FY2019AdvancedAnnual report
「The company has 5 outside directors and 2 outside statutory auditors.」
Under the post-integration structure, the company placed 5 outside directors and 2 outside statutory auditors and launched the integrated company's governance structure. The roles of the Risk Management Committee, Risk Management Committee, Compliance Committee and other bodies have also been clarified. - FY2019-Q3RestatedAnnual report
「We will place even greater emphasis on risk management in response to changes in the operating environment and will build an advanced governance structure.」
The company reconfirmed the integrated company's policy of emphasizing risk management and an advanced governance structure. - FY2019-Q2RestatedAnnual report
「As its basic policy for Idemitsu Kosan's corporate governance structure after the business integration, the company will actively adopt the principles set out in the Corporate Governance Code, including appointing at least 4 independent outside directors, enhance the Board of Directors' monitoring function to ensure transparent management, and conduct swift and decisive corporate management through bold delegation of authority to the executive team.」
The company reconfirmed its post-integration governance policy of having at least 4 independent outside directors, strengthening the Board of Directors' monitoring function, and delegating authority to the executive team. - FY2019-Q1AdvancedAnnual report
「As its basic policy for Idemitsu Kosan's corporate governance structure after the business integration, the company will actively adopt the principles set out in the Corporate Governance Code, including appointing at least 4 independent outside directors, enhance the Board of Directors' monitoring function to ensure transparent management, and conduct swift and decisive corporate management through bold delegation of authority to the executive team.」
The company presented a concrete post-integration governance design comprising at least 4 independent outside directors, stronger oversight by the Board of Directors, and delegation of authority to the executive team. - FY2018AdvancedAnnual report
「Effective 1 July 2018, the company planned to establish the Risk Management Committee, chaired by the president, and consolidate the Risk Management Committee and the Compliance Committee into the Operational Risk and Compliance Committee. It also planned, effective 1 July 2018, to change the Nomination and Compensation Advisory Committee to the Nomination Advisory Committee and the Compensation Advisory Committee.」
The committee structure covering risk, compliance, nomination and compensation was scheduled for reorganization effective 1 July 2018. - FY2017AdvancedAnnual report
「The company has 4 outside directors and 2 outside statutory auditors.」
The composition of outside officers was specified, and a Nomination and Compensation Advisory Committee composed of independent outside directors and statutory auditors was also established. - FY2016First statedAnnual report
「At the same time, we will engage in candid discussions with outside directors and outside statutory auditors with diverse expertise and backgrounds about the actual state of our management and the environment surrounding it, sincerely incorporate their vigorous opinions, and continue to pursue transparent and fair management.」
The company has 2 independent outside directors, 3 independent outside statutory auditors, and bodies including the Management Advisory Committee and the Safety and Security Advisory Committee.