Management Oversight and Checks and Balances under the Statutory Auditor System
First written in FY2016. 4 of 8 entries say "Restated". Latest entry: FY2026.
57 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Comprising a total of 8 members, consisting of 4 directors excluding directors who are Audit and Supervisory Committee members and 4 directors who are Audit and Supervisory Committee members」
Under the framework of a company with an Audit and Supervisory Committee, the Board of Directors was described as comprising 8 members: 4 directors who are not Audit and Supervisory Committee members and 4 directors who are Audit and Supervisory Committee members. - FY2025AdvancedAnnual report
「The Company has proposed, as agenda items for approval at the 94th Annual General Meeting of Shareholders scheduled for 26 June 2025, the election of 4 directors excluding directors who are Audit and Supervisory Committee members and the election of 4 directors who are Audit and Supervisory Committee members. If these proposals are approved as originally submitted, the Board of Directors will comprise a total of 8 members, consisting of 4 directors excluding directors who are Audit and Supervisory Committee members and 4 directors who are Audit and Supervisory Committee members.」
While maintaining the framework of a company with an Audit and Supervisory Committee, a proposal was presented to change the Board of Directors from 7 to 8 members, including outside directors. - FY2024RestatedAnnual report
「The Company is a company with an Audit and Supervisory Committee. The objective is to enhance the effectiveness of the Board of Directors' supervisory function and further strengthen corporate governance by establishing an Audit and Supervisory Committee in which outside directors constitute a majority, while enhancing management flexibility and efficiency through faster decision-making and business execution enabled by the delegation of authority, thereby further increasing corporate value.」
The Company has continued its structure as a company with an Audit and Supervisory Committee, its supervisory structure in which outside directors constitute a majority, and faster decision-making through the delegation of authority. - FY2021RestatedAnnual report
「The Company is a company with an Audit and Supervisory Committee. The objective is to enhance the effectiveness of the Board of Directors' supervisory function and further strengthen corporate governance by establishing an Audit and Supervisory Committee in which outside directors constitute a majority, while enhancing management flexibility and efficiency through faster decision-making and business execution enabled by the delegation of authority, thereby further increasing corporate value.」
The Company has continued its structure as a company with an Audit and Supervisory Committee, its supervisory structure in which outside directors constitute a majority, and faster decision-making through the delegation of authority. - FY2019ReframedAnnual report
「The Company transitioned to a company with an Audit and Supervisory Committee based on the resolution to amend the Articles of Incorporation at the 88th Annual General Meeting of Shareholders held on 26 June 2019. The objective is to enhance the effectiveness of the Board of Directors' supervisory function and further strengthen corporate governance by establishing an Audit and Supervisory Committee in which outside directors constitute a majority, while enhancing management flexibility and efficiency through faster decision-making and business execution enabled by the delegation of authority, thereby further increasing corporate value.」
The Company changed from the previous audit and supervisory board member system to a company with an Audit and Supervisory Committee, adopting a supervisory structure in which outside directors constitute a majority and delegating authority. - FY2018RestatedAnnual report
「The Company has adopted an audit and supervisory board member system.」
The governance structure separating oversight by the Board of Directors from monitoring of the performance of duties by the Audit and Supervisory Board Members has been continued. - FY2017RestatedAnnual report
「The Company has adopted an audit and supervisory board member system.」
The governance structure separating supervision by the Board of Directors from monitoring of business execution by the Audit and Supervisory Board Members has been continued. - FY2016First statedAnnual report
「The Company has adopted an audit and supervisory board member system.」
The Company separates the Board of Directors' supervision of decision-making and business execution from the Audit and Supervisory Board Members' monitoring of the performance of duties, thereby providing a system of checks and balances.