Strengthening Governance by Becoming a Company with an Audit and Supervisory Committee
First written in FY2017. 6 of 7 entries say "Restated". Latest entry: FY2025.
- FY2025RestatedAnnual report
「Our Board of Directors comprises 8 directors, including 3 outside directors, who account for at least one-third of the Board. We have established a structure intended to strengthen audit and supervisory functions, further enhance corporate governance, and improve management transparency and efficiency through prompt decision-making and business execution.」
The structure of the company with an Audit and Supervisory Committee and the oversight framework provided by 3 outside directors among the 8 directors were reaffirmed. - FY2024RestatedAnnual report
「Our Board of Directors comprises 8 directors, including 3 outside directors, who account for at least one-third of the Board. We have established a structure intended to strengthen audit and supervisory functions, further enhance corporate governance, and improve management transparency and efficiency through prompt decision-making and business execution.」
The structure of the company with an Audit and Supervisory Committee and the oversight framework provided by 3 independent outside directors among the 8 directors were reaffirmed. - FY2023RestatedAnnual report
「Our Board of Directors comprises 8 directors, including 3 outside directors, who account for at least one-third of the Board.」
In addition to the policy of changing to a company with an Audit and Supervisory Committee, the company disclosed a structure in which 3 of its 8 directors are outside directors. - FY2021RestatedAnnual report
「Based on a resolution adopted at the 10th Annual General Meeting of Shareholders held on 25 January 2016, we changed from a company with a Board of Corporate Auditors to a company with an Audit and Supervisory Committee on the same date. Accordingly, we have established a structure intended to strengthen audit and supervisory functions, further enhance corporate governance, and improve management transparency and efficiency through prompt decision-making and business execution.」
The transition to a company with an Audit and Supervisory Committee, and the objective of enhancing audit and supervisory functions, transparency and efficiency, have been reiterated. - FY2020RestatedAnnual report
「Based on a resolution adopted at the 10th Annual General Meeting of Shareholders held on 25 January 2016, we changed from a company with a Board of Corporate Auditors to a company with an Audit and Supervisory Committee on the same date. Accordingly, we have established a structure intended to strengthen audit and supervisory functions, further enhance corporate governance, and improve management transparency and efficiency through prompt decision-making and business execution.」
The transition to a company with an Audit and Supervisory Committee, and its objective of strengthening audit and supervisory functions, transparency and efficiency, have been reiterated. - FY2018RestatedAnnual report
「Based on a resolution adopted at the 10th Annual General Meeting of Shareholders held on 25 January 2016, we changed from a company with a Board of Corporate Auditors to a company with an Audit and Supervisory Committee on the same date.」
The structure for enhancing audit and supervisory functions, management transparency and efficiency through the transition to a company with an Audit and Supervisory Committee has been reiterated. - FY2017First statedAnnual report
「Based on a resolution adopted at the 10th Annual General Meeting of Shareholders held on 25 January 2016, we changed from a company with a Board of Corporate Auditors to a company with an Audit and Supervisory Committee on the same date. Accordingly, we have established a structure intended to strengthen audit and supervisory functions, further enhance corporate governance, and improve management transparency and efficiency through prompt decision-making and business execution.」
The company explained its transition from a company with a Board of Corporate Auditors to a company with an Audit and Supervisory Committee, and the resulting structure to strengthen audit and supervisory functions and management transparency and efficiency.