Independent Oversight by Outside Directors and Outside Audit & Supervisory Board Members
First written in FY2016. 8 of 11 entries say "Advanced", first in FY2021. Latest entry: 2026-06-26.
59 other companies' latest entry also says "Advanced".
- 2026-06-26AdvancedGovernance
「Pursuant to Article 427, Paragraph 1 of the Companies Act, the company may enter into an agreement with an outside director limiting the outside director’s liability for damages arising from a failure to perform duties, including a person who was formerly an outside director, to the extent permitted by law.」
The Articles of Incorporation provide a framework for entering into liability limitation agreements with outside directors as part of the oversight structure, including outside directors. - FY2026AdvancedAnnual report
「The Board of Directors, comprising a total of 14 directors, consisting of 11 directors excluding directors who are Audit and Supervisory Committee members, including 4 outside directors, and 3 directors who are Audit and Supervisory Committee members, all of whom are outside directors,」
In connection with the transition to a company with an Audit and Supervisory Committee, the independent oversight structure was changed to 7 outside directors out of 14 directors, with all 3 Audit and Supervisory Committee members being outside directors. - FY2021AdvancedAnnual report
「The Board of Directors, comprising 10 directors, including 4 outside directors, decides on the Group’s management policies and other important matters relating to the execution of business, such as capital investment and executive appointments, in accordance with the matters prescribed by laws and regulations and the Articles of Incorporation, as well as the agenda criteria set out in the Board of Directors Regulations. It also receives reports on important matters from directors, corporate auditors and executive officers, and supervises the execution of directors’ duties.」
The company continues to maintain an independent oversight structure, with 4 of the 10 directors being outside directors and 2 of the 3 corporate auditors being outside corporate auditors. - FY2020RestatedAnnual report
「The company has established a structure that ensures fairness and transparency without compromising the speed of decision-making by the Board of Directors as a whole, while ensuring the legality and propriety of each director’s execution of duties through monitoring and oversight from independent, objective perspectives provided by outside directors and outside corporate auditors.」
The company continues to maintain an oversight structure involving outside directors, outside corporate auditors, the Independent Officers Council and the lead independent outside director. - FY2019RestatedAnnual report
「The company has established a structure that ensures fairness and transparency without compromising the speed of decision-making by the Board of Directors as a whole, while ensuring the legality and propriety of each director’s execution of duties through monitoring and oversight from independent, objective perspectives provided by outside directors and outside corporate auditors.」
The company continues to maintain an independent oversight structure involving outside directors and outside corporate auditors. - FY2016First statedAnnual report
「The company has established a system in which outside directors and outside Audit & Supervisory Board members provide independent and objective monitoring and oversight to ensure the legality and propriety of each director's execution of duties and the fairness and transparency of the decision-making process of the Board of Directors as a whole.」
The company has 2 outside directors and 2 outside Audit & Supervisory Board members, and has also established a council of independent officers and a lead independent outside director.