Transition to a Company with an Audit and Supervisory Committee
First written in FY2016. 2 of 5 entries say "Advanced", first in FY2018. Latest entry: FY2026.
- FY2026Proposal to change the Board of Directors' compositionAnnual report
「If these proposals are approved, the Board of Directors will comprise 8 directors in total, including 3 directors who are not Audit and Supervisory Committee members and 5 directors who are Audit and Supervisory Committee members, 4 of whom will be outside directors. The chair is scheduled to be Ueno Tomio (植野 富夫), Representative Director and President.」
A proposal was submitted to the Annual General Meeting of Shareholders scheduled for 23 June 2026 to change the composition to 3 directors who are not Audit and Supervisory Committee members and 5 Audit and Supervisory Committee members, including 4 outside directors. If approved, the Board of Directors will decrease from 9 to 8 members, and the chair is also scheduled to change to the Representative Director and President. - FY2020AdvancedAnnual report
「The Board of Directors comprises 9 directors in total, including 5 directors who are not Audit and Supervisory Committee members and 4 directors who are Audit and Supervisory Committee members, and is scheduled to meet at least once a month. Of the directors, 3 are outside directors, who are expected to provide oversight from an independent standpoint over the execution of operations.」
The structure now comprises 9 directors in total, 4 Audit and Supervisory Committee members and 3 outside directors, expanding from the 8-member structure previously reported. - FY2018AdvancedAnnual report
「The Board of Directors comprises 8 directors in total, including 4 directors who are not Audit and Supervisory Committee members and 4 directors who are Audit and Supervisory Committee members, and meets at least once a month. Of the directors, 3 are outside directors, who are expected to provide oversight from an independent standpoint over the execution of operations.」
The Board of Directors increased from 7 to 8 members, and the number of Audit and Supervisory Committee members increased from 3 to 4. The oversight structure comprises 3 outside directors. - FY2017RestatedAnnual report
「By adopting the company-with-audit-and-supervisory-committee structure, the Company is further strengthening its audit and supervisory functions. The Board of Directors comprises 7 directors in total, including 4 directors who are not Audit and Supervisory Committee members and 3 directors who are Audit and Supervisory Committee members, and meets at least once a month.」
The post-transition structure comprises 7 directors, including 3 Audit and Supervisory Committee members, all of whom are outside directors. - FY2016First statedAnnual report
「The Company transitioned to a company with an audit and supervisory committee pursuant to a resolution at the Annual General Meeting of Shareholders held on 23 June 2016, in order to further strengthen its audit and supervisory functions.」
The Company transitioned to strengthen its audit and supervisory functions, and all 3 directors who are Audit and Supervisory Committee members are outside directors.