Separating Oversight from Execution Through Outside Directors and an Executive Officer System
First written in FY2016. 7 of 13 entries say "Advanced", first in FY2017. Latest entry: 2026-07-10.
37 other companies' latest entry also says "Advanced".
- 2026-07-10AdvancedGovernance
「With the agreement of stakeholders including financial institutions, we have established a business revitalization period and aim to sustainably enhance corporate value through the execution of growth initiatives and improvements in operational productivity. Accordingly, directors need the ability to formulate and execute strategies that set the broad direction for business revitalization and corporate transformation.」
The expertise supporting the Board's oversight and execution functions was specified in detail, including business revitalization and corporate transformation, finance, legal affairs, and IT/DX, together with the areas held by each director. - FY2026AdvancedAnnual report
「The Board of Directors consists of 1 director with extensive knowledge of the company's business and 5 outside directors, excluding directors who serve as Audit and Supervisory Committee members, as well as 3 directors who serve as Audit and Supervisory Committee members, including 2 outside directors, in consideration of faster decision-making and alignment with the scale of the business,」
The Board of Directors' oversight structure, including outside directors, was expanded, and the number of executive officers increased from 6 to 9. The separation of oversight and execution was established as the new structure. - FY2025AdvancedAnnual report
「The Board of Directors consists of 2 directors with extensive knowledge of the company's business and 4 outside directors, excluding directors who serve as Audit and Supervisory Committee members, as well as 3 directors who serve as Audit and Supervisory Committee members, including 2 outside directors, in consideration of faster decision-making and alignment with the scale of the business,」
The Board of Directors now includes 6 outside directors, expanding its oversight structure. The separation of execution through 6 executive officers also continues. - FY2024Six-executive-officer structureAnnual report
「The 6 executive officers, including 1 who also serves as a director, are responsible for the agile and prompt execution of operations in each business division.」
The structure changed from 10 executive officers in the previous fiscal year to 6 executive officers. Oversight and execution remain separate under the company-with-audit-and-supervisory-committee structure, outside directors and the Nomination and Compensation Committee. - FY202311-member executive officer structureAnnual report
「The 10 executive officers, including 1 director who also serves as an executive officer, are flexibly and promptly executing the operations of each business division.」
The company has moved from the 11-member structure described in the previous fiscal year to a structure separating supervision from execution through 10 executive officers in the current fiscal year. - FY2022AdvancedAnnual report
「The 11 executive officers, including 1 director who also serves as an executive officer, are flexibly and promptly executing the operations of each business division.」
The company has a structure separating supervision from execution through a company with an Audit and Supervisory Committee, outside directors, nomination and compensation committees and 11 executive officers. - FY2021AdvancedAnnual report
「To strengthen the independence and objectivity of the Board of Directors' functions relating to the nomination and compensation of directors, we have established nomination and compensation committees as advisory committees independent of the Board of Directors, with independent outside directors as their principal members, and receive appropriate involvement and advice from those independent outside directors.」
In addition to a company with an Audit and Supervisory Committee and an executive officer system, the company has established nomination and compensation committees whose principal members are independent outside directors, thereby specifically expanding its supervisory and advisory functions. - FY2020RestatedAnnual report
「We have introduced an executive officer system that separates the decision-making and supervisory functions of the Board of Directors from business execution and grants the authority and responsibility for executing the operations of each business division.」
The company continues to maintain a structure separating supervision from execution through a company with an Audit and Supervisory Committee, 2 outside directors and 8 executive officers. - FY2019RestatedAnnual report
「Taking into account the need for faster decision-making and alignment with the scale of our business, our Board of Directors comprises 3 directors familiar with our business, excluding directors who are Audit and Supervisory Committee members, and 3 directors who are Audit and Supervisory Committee members, including 2 outside directors, with the aim of ensuring agile operation of the Board and strengthening its supervisory function.」
The company continues to maintain a structure separating supervision from execution through a company with an Audit and Supervisory Committee, outside directors and an executive officer system. - FY2017AdvancedAnnual report
「To strengthen the audit and supervisory functions over the execution of the Board of Directors' duties and to separate supervision from business execution, thereby making decision-making more flexible and faster, we transitioned to a company with an Audit and Supervisory Committee pursuant to a resolution at the 118th Annual General Meeting of Shareholders held on 29 June 2017.」
The transition to a company with an Audit and Supervisory Committee has been completed to separate supervision from execution and strengthen audit and supervisory functions. - FY2016First statedAnnual report
「Taking into account the need for faster decision-making and alignment with the scale of our business, our Board of Directors comprises 5 directors familiar with our business and 2 outside directors, with the aim of ensuring agile operation of the Board and strengthening its supervisory function.」
The company uses a Board of Directors including 2 outside directors and an executive officer system responsible for exercising operational authority as means of strengthening governance.