Improving Board Effectiveness
First written in FY2016. 8 of 9 entries say "Advanced", first in FY2017. Latest entry: FY2026.
13 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「In light of the transition to a company with an Audit and Supervisory Committee from the current fiscal year, the Company substantially revised the questionnaire with advice from an external specialist organization, with a view to further deepening and substantiating its corporate governance」
Enhanced the Board effectiveness assessment methodology, incorporating advice from an external specialist organization, individual interviews and multiple rounds of opinion exchanges, in light of the transition to a company with an Audit and Supervisory Committee. - 2026-05-28AdvancedGeneral Meetings of Shareholders
「From this fiscal year, in light of our transition to a company with an audit and supervisory committee, and with the aim of further deepening and making corporate governance more substantive, we have substantially revised the questionnaire with advice from an external specialist organization. By examining issues and directions for improvement from a medium-term perspective in greater depth, we seek to gather more substantive and multifaceted opinions and recommendations.」
The evaluation of the effectiveness of the Board of Directors has been given a more concrete form, with an evaluation method incorporating advice from an external specialist organization in light of the transition to a company with an audit and supervisory committee. - FY2025AdvancedAnnual report
「Based on the results of the previous fiscal year’s effectiveness assessment, the Company’s Board of Directors has undertaken measures to improve its effectiveness. From the perspective of the Group’s sustainable growth and the enhancement of corporate value over the medium to long term, the Board as a whole has engaged in active and vigorous discussions and appropriately supervised business execution」
The Company conducted its Board effectiveness assessment for fiscal 2024 and determined that effectiveness was ensured. It outlined a policy of strengthening discussions in the following fiscal year on Vision 2030, the business portfolio and specific sustainability milestones. - FY2022AdvancedAnnual report
「The Board of Directors, taking into account its fiduciary and accountability responsibilities to shareholders, is responsible for promoting the Company’s sustainable growth and the enhancement of corporate value over the medium to long term, and for improving profitability, capital efficiency and other areas,」
Clarified the Board’s responsibilities as deciding on and supervising management strategy, capital policy, risk management and internal controls, and outlined a system under which the status of business execution is reported once every 3 months. - FY2021AdvancedAnnual report
「The Company also conducted its Board effectiveness assessment for fiscal 2020 and will continue working to improve the Board’s effectiveness by enhancing discussions on medium- to long-term growth strategies in light of changes in the business environment and improving the quality and quantity of information provided to outside officers, among other initiatives identified as important issues.」
Continued the Board effectiveness assessment and specified as issues the discussion of medium- to long-term growth strategies and improvements in information provided to outside officers. - FY2020AdvancedAnnual report
「The Company also conducted its annual assessment of the effectiveness of the Board of Directors, which it has carried out since 2015. As an improvement measure addressing the appropriateness of the allocation of authority between the Board and the executive side, identified as an important issue, it reviewed the criteria for matters submitted to the Board. The Board also held discussions from a medium- to long-term perspective, including strategic discussions on businesses facing significant changes in the market environment and reports on stakeholder views.」
Continued the Board effectiveness assessment, reviewed the criteria for matters submitted to the Board, and held discussions on business strategy and stakeholders. - FY2018AdvancedAnnual report
「Based on the previous fiscal year’s effectiveness assessment, during the current fiscal year the Company actively discussed verifying progress toward the targets of the medium-term management plan and improving low-profitability businesses. It also worked to make deliberations more efficient by organizing agenda items and taking other steps in the operation of the Board.」
Verified progress toward the medium-term plan, discussed improvements to low-profitability businesses, and made deliberations more efficient by organizing agenda items. - FY2017AdvancedAnnual report
「The company is proceeding with measures including reviewing the standards for matters submitted to and reported to the Board and improving its operating procedures, as part of a shift toward a structure that enables the Board to focus on more strategic discussions. It has confirmed that the effectiveness of these measures has improved from the previous fiscal year.」
Following a review of the criteria for matters submitted to and reported to the Board and its operating procedures, the Company self-assesses that the Board’s effectiveness improved from the previous fiscal year. - FY2016First statedAnnual report
「It was pointed out that the company needed to enrich discussions on management and business strategies at the Board of Directors, establish a system under which the achievement of the medium-term management plan and issues facing the businesses and affiliates, together with measures to address them, are reported to and discussed by the Board in a timely and appropriate manner, and strengthen the structure for swiftly reviewing business strategies and other matters.」
Based on the effectiveness evaluation, the company revised the standards for matters submitted to and reported to the Board and improved the Board's operating procedures.