Transition to a Company with an Audit and Supervisory Committee
First written in FY2019. 4 of 6 entries say "Restated". Latest entry: FY2022-Q3.
- FY2022-Q3RestatedAnnual report
「There have been no material changes in the business and financial issues that our group should prioritize and address during the cumulative consolidated third quarter under review.」
The Company states that there have been no material changes to the business and financial issues requiring priority attention, including the transition to a Company with an Audit and Supervisory Committee. - FY2021-Q3RestatedAnnual report
「There have been no material changes in the business and financial issues that our group should prioritize and address during the cumulative consolidated third quarter under review.」
The Company states that there have been no material changes to the business and financial issues requiring priority attention, including the transition to a Company with an Audit and Supervisory Committee. - FY2021-Q2RestatedAnnual report
「There have been no material changes in the business and financial issues that our group should prioritize and address during the cumulative consolidated second quarter under review.」
The Company states that there have been no material changes to the business and financial issues requiring priority attention, including the transition to a Company with an Audit and Supervisory Committee. - FY2020AdvancedAnnual report
「As of 21 June 2019, the Company transitioned to a Company with an Audit and Supervisory Committee, a corporate governance structure based on the so-called monitoring model. Accordingly, it has established a general meeting of shareholders, Board of Directors, Audit and Supervisory Committee and accounting auditor, thereby strengthening the system for supervising and auditing the execution of directors’ duties.」
The Company specifically describes the structure following its transition to a Company with an Audit and Supervisory Committee as supervision and auditing by 12 directors, 7 independent outside directors and the Audit and Supervisory Committee. - FY2020-Q3RestatedAnnual report
「As of 21 June 2019, the Company transitioned to a Company with an Audit and Supervisory Committee, a corporate governance structure based on the so-called monitoring model. Accordingly, it has established a general meeting of shareholders, Board of Directors, Audit and Supervisory Committee and accounting auditor, thereby strengthening the system for supervising and auditing the execution of directors’ duties.」
The Company continues to describe its transition to a Company with an Audit and Supervisory Committee as an implemented corporate governance structure and states that it has strengthened its supervision and auditing systems. - FY2019First statedAnnual report
「Based on a resolution of the 96th Annual General Meeting of Shareholders held on 21 June 2019, we transitioned to a company with an Audit & Supervisory Committee. Through this transition, we established an Audit & Supervisory Committee in which a majority of the members are outside directors, and are working to further strengthen corporate governance by enhancing the Board of Directors' supervisory function through the appointment of multiple outside directors.」
The Company describes the transition to a new corporate form based on a resolution of the ordinary general meeting of shareholders and the establishment of an Audit and Supervisory Committee with a majority of outside directors as new governance measures.