Strengthening Oversight Functions Through Transition to a Company with an Audit and Supervisory Committee
First written in FY2016. 12 of 16 entries say "Restated". Latest entry: FY2022.
- FY2022AdvancedAnnual report
「The company has 4 outside officers, comprising 1 director other than a director who is an Audit & Supervisory Committee member and 3 directors who are Audit & Supervisory Committee members.」
The company has disclosed a structure with 4 outside officers while maintaining a supervisory system that includes outside directors. 3 of the outside directors are Audit & Supervisory Committee members. - FY2021RestatedAnnual report
「The company currently has an audit and supervisory system comprising 4 Audit & Supervisory Committee members, including 3 outside directors, and 2 dedicated Audit & Supervisory Committee Secretariat staff members supporting their activities.」
The company has reaffirmed the implemented structure comprising a 9-member Board of Directors, 3 independent outside directors, 4 Audit & Supervisory Committee members, and 2 dedicated Secretariat staff members. - FY2021-Q3RestatedAnnual report
「Together with the executive officer system adopted previously, the company reduced the number of directors by 5 from the previous 14 following the 186th Annual General Meeting of Shareholders, changing the total to 9, including 3 independent outside directors, with independent outside directors accounting for one-third of the Board. As a measure to strengthen the internal control system, the company newly established an Audit & Supervisory Committee Secretariat after the 186th Annual General Meeting and assigned 2 dedicated full-time staff members.」
The company has reaffirmed the implemented structure comprising a 9-member Board of Directors, 3 independent outside directors representing one-third of the Board, and an Audit & Supervisory Committee Secretariat with 2 dedicated staff members. - FY2021-Q2AdvancedAnnual report
「Together with the executive officer system adopted previously, the company reduced the number of directors by 5 from the previous 14 following the 186th Annual General Meeting of Shareholders, changing the total to 9, including 3 independent outside directors, with independent outside directors accounting for one-third of the Board. As a measure to strengthen the internal control system, the company newly established an Audit & Supervisory Committee Secretariat after the 186th Annual General Meeting and assigned 2 dedicated full-time staff members.」
The company states that the previously planned structure of a 9-member Board of Directors, 3 independent outside directors representing one-third of the Board, and an Audit & Supervisory Committee Secretariat with 2 dedicated staff members has been implemented. - FY2021-Q1AdvancedAnnual report
「Together with the executive officer system adopted previously, the company will reduce the number of directors by 5 from the previous 14 following the 186th Annual General Meeting of Shareholders, changing the total to 9, including 3 independent outside directors, with independent outside directors accounting for one-third of the Board. As a measure to strengthen the internal control system, the company will newly establish an Audit & Supervisory Committee Secretariat after the 186th Annual General Meeting and assign 2 dedicated full-time staff members.」
The company presented specific governance enhancements: reducing the Board of Directors from 14 to 9 members, including 3 independent outside directors representing one-third of the Board, and newly establishing an Audit & Supervisory Committee Secretariat with 2 dedicated full-time staff members. - FY2020-Q3RestatedAnnual report
「To conduct appropriate business operations based on its management philosophy and further secure the trust of all stakeholders, the company seeks to ensure management transparency under a strong compliance awareness and to practice fair, efficient and sound management. In November 2015, it established the Corporate Governance Guidelines, which set out its basic approach and policies concerning corporate governance. In June 2016, it adopted the system of a company with an Audit & Supervisory Committee. The Audit & Supervisory Committee, comprising a majority of highly independent outside directors, conducts audits and supervision, while the company also adopted an executive officer system to invigorate the Board of Directors and further strengthen its decision-making and monitoring and supervisory functions, thereby seeking to improve the effectiveness of corporate governance.」
The company continues to explain the strengthening of its supervisory and decision-making functions through the company-with-an-Audit-&-Supervisory-Committee structure, an Audit & Supervisory Committee comprising a majority of highly independent outside directors, and the executive officer system. - FY2020-Q2RestatedAnnual report
「To conduct appropriate business operations based on its management philosophy and further secure the trust of all stakeholders, the company seeks to ensure management transparency under a strong compliance awareness and to practice fair, efficient and sound management. In November 2015, it established the Corporate Governance Guidelines, which set out its basic approach and policies concerning corporate governance. In June 2016, it adopted the system of a company with an Audit & Supervisory Committee. The Audit & Supervisory Committee, comprising a majority of highly independent outside directors, conducts audits and supervision, while the company also adopted an executive officer system to invigorate the Board of Directors and further strengthen its decision-making and monitoring and supervisory functions, thereby seeking to improve the effectiveness of corporate governance.」
The company continues to explain its governance enhancements through the company-with-an-Audit-&-Supervisory-Committee structure, an audit and supervisory system including outside directors, and the executive officer system. - FY2020-Q1RestatedAnnual report
「To conduct appropriate business operations based on its management philosophy and further secure the trust of all stakeholders, the company seeks to ensure management transparency under a strong compliance awareness and to practice fair, efficient and sound management. In November 2015, it established the Corporate Governance Guidelines, which set out its basic approach and policies concerning corporate governance. In June 2016, it adopted the system of a company with an Audit & Supervisory Committee. The Audit & Supervisory Committee, comprising a majority of highly independent outside directors, conducts audits and supervision, while the company also adopted an executive officer system to invigorate the Board of Directors and further strengthen its decision-making and monitoring and supervisory functions, thereby seeking to improve the effectiveness of corporate governance.」
The company continues to explain its governance enhancements through the company-with-an-Audit-&-Supervisory-Committee structure, an audit and supervisory system including outside directors, and the executive officer system. - FY2019-Q3RestatedAnnual report
「In June 2016, the company adopted the system of a company with an Audit & Supervisory Committee. The Audit & Supervisory Committee, comprising a majority of highly independent outside directors, conducts audits and supervision. The company also adopted an executive officer system to invigorate the Board of Directors and further strengthen its decision-making and monitoring and supervisory functions, thereby seeking to improve the effectiveness of corporate governance.」
The company continues to strengthen governance through the company-with-an-Audit-&-Supervisory-Committee structure, an audit and supervisory system including outside directors, and the executive officer system. - FY2019-Q2RestatedAnnual report
「In June 2016, the company adopted the system of a company with an Audit & Supervisory Committee. The Audit & Supervisory Committee, comprising a majority of highly independent outside directors, conducts audits and supervision. The company also adopted an executive officer system to invigorate the Board of Directors and further strengthen its decision-making and monitoring and supervisory functions, thereby seeking to improve the effectiveness of corporate governance.」
The company continues to explain its governance enhancements through the company-with-an-Audit-&-Supervisory-Committee structure, an audit and supervisory system including outside directors, and the executive officer system. - FY2019-Q1RestatedAnnual report
「To conduct appropriate business operations based on its management philosophy and further secure the trust of all stakeholders, the company seeks to ensure management transparency under a strong compliance awareness and to practice fair, efficient and sound management. In November 2015, it established the Corporate Governance Guidelines, which set out its basic approach and policies concerning corporate governance. In June 2016, it adopted the system of a company with an Audit & Supervisory Committee. The Audit & Supervisory Committee, comprising a majority of highly independent outside directors, conducts audits and supervision, while the company also adopted an executive officer system to invigorate the Board of Directors and further strengthen its decision-making and monitoring and supervisory functions, thereby seeking to improve the effectiveness of corporate governance.」
The company continues to explain its governance enhancements through the company-with-an-Audit-&-Supervisory-Committee structure, an audit and supervisory system including outside directors, and the executive officer system. - FY2018RestatedAnnual report
「The company has adopted the system of a company with an Audit & Supervisory Committee. The Audit & Supervisory Committee, comprising a majority of highly independent outside directors, conducts audits and supervision. The company has also adopted an executive officer system to invigorate the Board of Directors and further strengthen its decision-making and monitoring and supervisory functions, thereby improving the effectiveness of corporate governance.」
The company continues to explain the strengthening of its supervisory and decision-making functions through the company-with-an-Audit-&-Supervisory-Committee structure, outside directors, and the executive officer system. - FY2018-Q3RestatedAnnual report
「In June 2016, the company adopted the system of a company with an Audit & Supervisory Committee. The Audit & Supervisory Committee, comprising a majority of highly independent outside directors, conducts audits and supervision. The company also adopted an executive officer system to invigorate the Board of Directors and further strengthen its decision-making and monitoring and supervisory functions, thereby seeking to improve the effectiveness of corporate governance.」
The company continues to explain its governance enhancements through the company-with-an-Audit-&-Supervisory-Committee structure, an audit and supervisory system including outside directors, and the executive officer system. - FY2018-Q2RestatedAnnual report
「In June 2016, the company adopted the system of a company with an Audit & Supervisory Committee. The Audit & Supervisory Committee, comprising a majority of highly independent outside directors, conducts audits and supervision. The company also adopted an executive officer system to invigorate the Board of Directors and further strengthen its decision-making and monitoring and supervisory functions, thereby seeking to improve the effectiveness of corporate governance.」
The company continues to explain its governance enhancements through the company-with-an-Audit-&-Supervisory-Committee structure, an audit and supervisory system including outside directors, and the executive officer system. - FY2018-Q1RestatedAnnual report
「In June 2016, the company adopted the system of a company with an Audit & Supervisory Committee. The Audit & Supervisory Committee, comprising a majority of highly independent outside directors, conducts audits and supervision. The company also adopted an executive officer system to invigorate the Board of Directors and further strengthen its decision-making and monitoring and supervisory functions, thereby seeking to improve the effectiveness of corporate governance.」
The company continues to explain its governance enhancements through the company-with-an-Audit-&-Supervisory-Committee structure, an audit and supervisory system including outside directors, and the executive officer system. - FY2016First statedAnnual report
「Following the approval at the annual general meeting of shareholders held on 29 June 2016 of amendments to the Articles of Incorporation providing for the transition to a company with an Audit & Supervisory Committee, the company transitioned to such a company on the same date.」
The company established an Audit & Supervisory Committee comprising a majority of highly independent outside directors, with 3 of its 5 members being outside directors.