Governance structure
Planned change to a company with an Audit & Supervisory Committee (currently a company with an Audit & Supervisory Board)Transition from a company with a Board of Corporate Auditors to a company with an Audit and Supervisory Committee. Provisions concerning the Audit and Supervisory Committee and its members, as well as the delegation of decisions on important business execution matters, will be added, while provisions concerning the Board of Corporate Auditors and corporate auditors will be deleted. The maximum number of directors will be changed from 10 to 14.
| Item | Details |
|---|---|
| Corporate Governance Structure | Planned change to a company with an Audit & Supervisory Committee (currently a company with an Audit & Supervisory Board) |
| Number of directors | Up to 14 directors, including up to 4 directors who are Audit and Supervisory Committee members |
| Committee | An Audit and Supervisory Committee will be established. The proportion of outside committee members is not disclosed. |
| Changes this time | Transition from a company with a Board of Corporate Auditors to a company with an Audit and Supervisory Committee. Provisions concerning the Audit and Supervisory Committee and its members, as well as the delegation of decisions on important business execution matters, will be added, while provisions concerning the Board of Corporate Auditors and corporate auditors will be deleted. The maximum number of directors will be changed from 10 to 14. |
Items this document does not state (4)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The objectives are to further enhance discussions at meetings of the Board of Directors, focusing on management policies and strategies, strengthen the Board of Directors’ supervisory function, accelerate decision-making, and improve objectivity and transparency.