Transition to a Company with an Audit and Supervisory Committee
First written in FY2016. 1 of 3 entries say "Achieved", first in FY2017. Latest entry: FY2021.
- FY2021RestatedAnnual report
「Effective 28 June 2016, the company changed from a company with a Board of Corporate Auditors to a company with an Audit and Supervisory Committee. The company has strengthened oversight of management by having 2 of the 3 directors serving as Audit and Supervisory Committee members be outside directors, with respect to the Board of Directors, which is the company's decision-making body and supervises the execution of operations by executive officers.」
The company continues to operate the audit and oversight framework established after the transition to a company with an Audit and Supervisory Committee. - FY2017AchievedAnnual report
「At the Annual General Meeting of Shareholders held on 28 June 2016, a proposal to amend the Articles of Incorporation to transition to a company with an Audit and Supervisory Committee was approved. Accordingly, effective that date, the company changed from a company with a Board of Corporate Auditors to a company with an Audit and Supervisory Committee.」
The transition to a company with an Audit and Supervisory Committee was completed, and a structure with 2 outside directors among the 3 directors serving as Audit and Supervisory Committee members is in operation. - FY2016First statedAnnual report
「At the 68th Annual General Meeting of Shareholders held on 28 June 2016, a proposal to amend the Articles of Incorporation to transition to a company with an Audit and Supervisory Committee was approved. Accordingly, effective that date, the company changed from a company with a Board of Corporate Auditors to a company with an Audit and Supervisory Committee. The company will establish an Audit and Supervisory Committee consisting of at least 3 directors, a majority of whom will be outside directors, and grant directors who serve as Audit and Supervisory Committee members voting rights at meetings of the Board of Directors, thereby strengthening audit and oversight functions and further enhancing corporate governance.」
The transition was implemented effective 28 June 2016, establishing a framework to strengthen audit and oversight functions.