Application of independence criteria for independent outside directors and audit & supervisory board members
First written in FY2019. 1 of 2 entries say "Restated". Latest entry: FY2020.
The whole theme swung hardest in 2023: 3 of 26 companies on the "Worse" side.
39 other companies' latest entry also says "Restated".
- FY2020RestatedAnnual report
「The appointment of outside directors and outside audit & supervisory board members is conditional on ensuring that they possess extensive experience and broad knowledge of corporate management, corporate legal affairs, finance and accounting, among other areas, and have sufficient independence to perform their duties. To objectively assess the independence of outside directors and outside audit & supervisory board members, the Company has established the following Independence Criteria for Outside Officers.」
The independence criteria for outside officers continue to be applied. - FY2019First statedAnnual report
「The appointment of outside directors and outside audit & supervisory board members is conditional on ensuring that they possess extensive experience and broad knowledge of corporate management, corporate legal affairs, finance and accounting, among other areas, and have sufficient independence to perform their duties. To objectively assess the independence of outside directors and outside audit & supervisory board members, the Company has established the following Independence Criteria for Outside Officers.」
Independence criteria have been established as a condition for appointing outside directors and outside audit & supervisory board members, defining major customers and suppliers as those accounting for 2% or more of sales or other relevant amounts, major shareholders as those holding 10% or more of voting rights, and financial benefits as personal benefits of ¥10 million or more, among other criteria.