Transition to a Company with an Audit and Supervisory Committee
First written in FY2016. 2 of 5 entries say "Restated". Latest entry: FY2023.
- FY2023AdvancedAnnual report
「To strengthen management oversight and ensure objectivity and neutrality, we have appointed 2 outside directors, Jun'o Watanabe (渡辺純夫氏) and Kumiko Miyamoto (宮本久美子氏), both of whom are members of the Audit and Supervisory Committee.」
The company describes a framework in which 2 outside directors serve as members of the Audit and Supervisory Committee to strengthen the Board's oversight function and transparency. - FY2019RestatedAnnual report
「We have adopted a company with an Audit and Supervisory Committee as our organizational structure. Establishing an Audit and Supervisory Committee in which outside directors constitute a majority strengthens the Board of Directors' audit and supervisory functions over the execution of operations and improves process transparency and efficiency through the participation of outside directors in management.」
The company continues to operate as a company with an Audit and Supervisory Committee and maintain an oversight framework in which outside directors constitute a majority. - FY2018AdvancedAnnual report
「To strengthen our corporate governance framework, we have adopted a company with an Audit and Supervisory Committee as our organizational structure. This enables swift execution of operations by delegating substantial authority of the Board of Directors to the Representative Director and President, strengthens the Board's audit and supervisory functions over the execution of operations by establishing an Audit and Supervisory Committee in which outside directors constitute a majority, and improves the transparency and efficiency of processes through the participation of outside directors in management.」
The company describes its continued operation as a company with an Audit and Supervisory Committee and its designation of 2 outside directors as independent officers, among other measures, as part of its oversight and transparency framework. - FY2017RestatedAnnual report
「To strengthen its corporate governance structure, the company transitioned to a company with an Audit and Supervisory Committee in September 2015, seeking faster decision-making and stronger oversight by delegating substantial authority from the Board of Directors to the Representative Director and President, as well as greater transparency and efficiency in its processes through the participation of outside directors in management.」
The transition to a company with an Audit and Supervisory Committee, delegation of authority, and oversight by outside directors are described as ongoing measures to strengthen governance. - FY2016AchievedAnnual report
「In addition, to strengthen its corporate governance structure, the company transitioned to a company with an Audit and Supervisory Committee, seeking faster decision-making and stronger oversight by delegating substantial authority from the Board of Directors to the Representative Director and President, as well as greater transparency and efficiency in its processes through the participation of outside directors in management.」
The company transitioned to a company with an Audit and Supervisory Committee on 29 September 2015. Its governance structure combined the delegation of authority, stronger oversight and the participation of outside directors.