Strengthening Internal Controls and Corporate Governance
First written in FY2023. 4 of 6 entries say "Advanced", first in FY2024. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「The Compensation Committee was established as an body delegated by the Board of Directors to determine directors' compensation, with the aim of strengthening the fairness, transparency, and objectivity of the procedures related to directors' compensation and enhancing corporate governance.」
In addition to the former executive officer system, the company disclosed a framework to enhance the fairness, transparency, and objectivity of directors' compensation decisions by establishing a Compensation Committee in which outside directors constitute a majority. - FY2025AdvancedAnnual report
「To further invigorate the Board of Directors, separate the Board's decision-making and oversight functions from the execution functions of each business division, and improve management efficiency, we introduced an executive officer system in July 2024. The 5 executive officers are composed of Terui Kazuyoshi (照井一由), Director and Executive Officer; Nakamura Hideki (中村秀樹), Director and Executive Officer; Umeda Ryusuke (梅田龍介), Head of the Technology Co-Creation Office; Kobayashi Tsuyoshi (小林剛), General Manager of the Corporate Finance Department; and Fujiwara Taku (藤原拓), General Manager of the General Affairs Department.」
The company discloses the composition of the system following its introduction, consisting of 5 executive officers. The policy of separating the Board of Directors' oversight functions from the execution functions of the business divisions has been made concrete. - FY2024AdvancedAnnual report
「To further invigorate the Board of Directors, separate the Board's decision-making and oversight functions from the execution functions of each business division, and improve management efficiency, we introduced an executive officer system in July 2024.」
Introduced an executive officer system in July 2024 to separate the Board of Directors' oversight functions from the execution functions of each business division. - FY2023First statedAnnual report
「We regard the pursuit of appropriate corporate governance, together with its ongoing enhancement and strengthening, as one of our most important management priorities, in order to remain accountable to stakeholders, including shareholders, business partners and employees, and to ensure accurate and prompt management.」
Internal control systems, board oversight, auditing, and a compliance and risk committee have been established.