Clarifying Accountability Through the Board's Oversight Function and an Executive Officer System
First written in FY2016. 3 of 6 entries say "Advanced", first in FY2017. Latest entry: 2026-06-22.
- FY2022AdvancedAnnual report
「To strengthen the independence, objectivity and accountability of the Board's functions, the Company has established a voluntary Nomination and Compensation Advisory Committee comprising independent outside directors and inside directors. Matters concerning the nomination of directors and senior management and the determination of compensation are submitted to the Board after the committee has first expressed its view that they are appropriate.」
In addition to the delegation and oversight structure involving the Board and Management Committee, preliminary deliberation by the Nomination and Compensation Advisory Committee, including independent outside directors, has been institutionalized. - FY2020AdvancedAnnual report
「The Company has established a Management Committee chaired by the representative director and president, who directs and oversees business execution, with division heads and above as members. The committee serves as a body for preliminary deliberation before the Board makes important decisions, while the Board has reduced its membership to streamline its structure.」
The Company has established a structure to accelerate decision-making by streamlining the Board and broadly delegating authority to the Management Committee for preliminary deliberation. - FY2017AdvancedAnnual report
「The Company has established an advisory committee of the Board of Directors whose principal members are the representative directors and independent outside directors. The Board consults the committee as appropriate on important matters, including the selection of officer candidates.」
In addition to the Board's oversight function, the Company has established an advisory committee structure centered on the representative directors and independent outside directors. - FY2016First statedAnnual report
「To strengthen the management structure's ability to respond promptly to changes in the business environment, all officers responsible for business execution, including the president, serve as delegated executive officers without employee status, thereby clarifying their roles and responsibilities relating to business execution.」
The Board of Directors serves as the body responsible for determining policies and strategies and providing oversight, while executive officers serve 1-year terms.