Strengthening Governance Through Outside Directors
First written in FY2023. 2 of 5 entries say "Restated". Latest entry: FY2026.
36 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「We have established a highly specialized management oversight structure with 4 outside directors, including 3 audit and supervisory committee members, and conduct audits using the Group’s internal control system. We therefore consider this effective in securing oversight of Group management.」
The Company continues its management oversight structure using a company with an audit and supervisory committee, 4 outside directors, and audits based on the internal control system. - FY2024RestatedAnnual report
「We have established a highly specialized management oversight structure with 4 outside directors, including 3 audit and supervisory committee members, and conduct audits using the Group’s internal control system. We therefore consider this effective in securing oversight of Group management.」
The Company continues its oversight structure comprising a company with an audit and supervisory committee, 4 outside directors, and a nomination and compensation committee. - FY2023First statedAnnual report
「Because Saijo Shinichi (西條 晋一) would work to enhance corporate value as representative director, we considered it important to further strengthen the Board of Directors’ audit and oversight functions and achieve highly transparent management. We therefore undertook initiatives to strengthen corporate governance. Specifically, we transitioned to a company with an audit and supervisory committee in December 2020; the Board of Directors comprised 5 outside directors out of 7 directors; and we established a voluntary nomination and compensation committee in July 2022, with 3 outside directors among its 5 members.」
The Company transitioned to a company with an audit and supervisory committee, established a majority-outside-director board structure, and set up a nomination and compensation committee.