Separation of decision-making and execution, with oversight by the board of corporate auditors
First written in FY2016. 4 of 6 entries say "Restated". Latest entry: FY2026.
106 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「The Company has established an Audit and Supervisory Committee to strengthen the Board of Directors' audit function and further enhance corporate governance through stronger oversight, by having Audit and Supervisory Committee members responsible for auditing the execution of directors' duties serve as members of the Board of Directors.」
The structure of a company with an Audit and Supervisory Committee remains in place, with 9 directors, including 4 outside directors, and the audit and supervisory functions disclosed. - FY2022RestatedAnnual report
「Pursuant to a resolution at the 155th Annual General Meeting of Shareholders held on 29 June 2017, the Company changed from a company with a board of corporate auditors to a company with an Audit and Supervisory Committee.」
The structure of a company with an Audit and Supervisory Committee remains in place. The Board of Directors consists of 9 members, including 3 Audit and Supervisory Committee members, and includes 4 outside directors. - FY2020RestatedAnnual report
「Pursuant to a resolution at the 155th Annual General Meeting of Shareholders held on 29 June 2017, the Company changed from a company with a board of corporate auditors to a company with an Audit and Supervisory Committee.」
The structure of a company with an Audit and Supervisory Committee remains in place. The Company discloses a structure of 10 directors, including 4 outside directors, and 4 Audit and Supervisory Committee members. - FY2018RestatedAnnual report
「Pursuant to a resolution at the 155th Annual General Meeting of Shareholders held on 29 June 2017, the Company changed from a company with a board of corporate auditors to a company with an Audit and Supervisory Committee. The functions of the Company's various bodies are as follows.」
The Company continues the structure of a company with an Audit and Supervisory Committee, adopted in the previous fiscal year, and explains the audit and supervisory functions performed with Audit and Supervisory Committee members serving as members of the Board of Directors. - FY2017ReframedAnnual report
「Pursuant to a resolution at the 155th Annual General Meeting of Shareholders held on 29 June 2017, the Company changed from a company with a board of corporate auditors to a company with an Audit and Supervisory Committee.」
The governance structure changed from a company with a board of corporate auditors to a company with an Audit and Supervisory Committee, with 3 directors serving as Audit and Supervisory Committee members, including 2 outside directors, as members of the Board of Directors, strengthening the audit and supervisory functions. - FY2016First statedAnnual report
「We have introduced an executive officer system to revitalize the Board of Directors by separating decision-making and oversight from execution.」
The Company explains its governance structure as a company with a board of corporate auditors, combining the Board of Directors, executive officers, full-time and outside corporate auditors, and the Internal Control Office.