Strengthening governance centered on the Board of Directors and Audit & Supervisory Board
First written in FY2016. 8 of 10 entries say "Advanced", first in FY2019. Latest entry: FY2026.
The whole theme swung hardest in 2023: 14 of 103 companies on the "Worse" side.
- FY2026AdvancedAnnual report
「We plan to have a structure in which outside directors constitute a majority from fiscal 2026.」
Regarding governance enhancement, the company plans to have outside directors constitute a majority from fiscal 2026. Following the Annual General Meeting of Shareholders, the Board of Directors is expected to comprise 11 directors, including 6 independent outside directors. - FY2025AdvancedAnnual report
「For group-wide risk management, the company operates a framework for deepening discussions among management by holding risk management promotion meetings 5 times a year, comprising the Representative Director and President, Executive Officer; Executive Vice President, Executive Officer; Head of the Corporate Strategy Division; and risk owners.」
The company has formalized the operation of holding risk management promotion meetings 5 times a year and continues company-wide management combining management meetings held twice a month, risk owners, and PDCA monitoring. - FY2024AdvancedAnnual report
「For fiscal 2023, given that 3 years had passed since the previous third-party evaluation in fiscal 2020, the company evaluated the effectiveness of the Board of Directors with analytical and evaluation support from the third-party evaluation body Boardroom Review Japan Co., Ltd.」
Regarding corporate governance, the company conducted a third-party evaluation of the effectiveness of the Board of Directors for the first time in 3 years and indicated initiatives to further strengthen discussions on important medium- to long-term issues and monitoring functions. - FY2023AdvancedAnnual report
「For Group-wide risk management, the Company newly established a framework in fiscal 2022 under which a Risk Management Promotion Meeting, comprising the President and Representative Executive Officer, Vice Presidents and Representative Executive Officers, and risk owners, is held 4 times a year to deepen discussions among senior management. To respond more quickly to changes in the business environment, the framework was changed so that matters can also be deliberated as needed at management meetings, which are held 2 times a month.」
In addition to the conventional structure centered on the Board of Directors and Audit & Supervisory Board, the company has put into operation a framework comprising risk management promotion meetings held 4 times a year, deliberations at management meetings held twice a month, the assignment of risk owners, and PDCA monitoring. - FY2022AdvancedAnnual report
「(2) Identify risks across the Group, assign executive officer-level "risk owners" to highly material risks, and promote risk countermeasures (3) Strengthen risk management at each Group company (4) Monitor the progress of Group-wide risk management activities, including PDCA reviews」
In addition to its traditional governance centered on the Board of Directors and the Board of Corporate Auditors, the Company has established a company-wide risk management framework that includes assigning risk owners to material risks, deploying measures across Group companies, and monitoring the PDCA cycle. - FY2019AdvancedAnnual report
「The Company has also established a Nomination and Compensation Advisory Committee as a voluntary advisory body to the Board of Directors, in order to enhance objectivity and transparency in the decision-making process for the nomination and compensation of directors and executive officers and strengthen corporate governance.」
In addition to its traditional governance structure centered on the Board of Directors and the Board of Corporate Auditors, the Company has established a voluntary advisory committee to enhance the objectivity and transparency of nominations and compensation. - FY2017RestatedAnnual report
「To this end, the Company plans to further promote the proper disclosure of financial and management information, establishment of corporate ethics, thorough compliance, and comprehensive risk management by establishing a management oversight framework through enhanced Board of Directors functions and strengthening the audit functions of the Board of Corporate Auditors.」
The Company reiterates its governance policy based on strengthening the functions of the Board of Directors and the Board of Corporate Auditors, disclosure, ethics, compliance, and risk management. - FY2016First statedAnnual report
「To this end, the Company plans to further promote the proper disclosure of financial and management information, establishment of corporate ethics, thorough compliance, and comprehensive risk management by establishing a management oversight framework through enhanced Board of Directors functions and strengthening the audit functions of the Board of Corporate Auditors.」
The Company has established governance, oversight, and internal control through the executive officer system, 2 outside directors, 4 outside corporate auditors, the Internal Audit Department, the CSR Committee, and an internal reporting system, among other measures.