Separation of Oversight and Execution through Outside Directors and an Executive Officer System
First written in FY2016. 5 of 10 entries say "Advanced", first in FY2023. Latest entry: FY2026.
1 other company's latest entry also says "Reframed".
- FY2026ReframedAnnual report
「As of the date of submission of this report (23 June 2026), the Company has adopted a company-with-audit-and-supervisory-committee structure, under which directors who are audit and supervisory committee members supervise the execution of duties by directors elected at the General Meeting of Shareholders, excluding directors who are audit and supervisory committee members, including 2 outside directors who are audit and supervisory committee members also elected at the General Meeting of Shareholders. The Company has also introduced an outside director system.」
The former separation of supervision and execution through outside directors and executive officers has been reorganized into a company-with-audit-and-supervisory-committee structure, including 2 outside directors who are audit and supervisory committee members. - FY2023AdvancedAnnual report
「As of the date of submission of this report, the Company has elected 2 outside directors and is ensuring supervision of the directors’ execution of duties and management transparency. It has also long operated an executive officer system to clarify the functions of “management and supervision” and “business execution.”」
The number of outside directors, previously stated as 1 through the previous fiscal year, has become 2, expanding the separation of supervision and execution through outside directors and the executive officer system. - FY2019SoftenedAnnual report
「The Company currently has 1 outside director and is ensuring supervision of the directors’ execution of duties and management transparency. It has also long operated an executive officer system to clarify the functions of “management and supervision” and “business execution.”」
The number of outside directors, previously stated as 2 through the previous fiscal year, has become 1, reducing the number of outside directors responsible for supervision. Meanwhile, the executive officer system continues. - FY2018RestatedAnnual report
「At the 61st Annual General Meeting of Shareholders held on 26 June 2014, the Company elected 2 outside directors and is working to strengthen corporate governance by enhancing supervision of the directors’ execution of duties by multiple outside directors and improving management transparency. It has also long operated an executive officer system to clarify the functions of “management and supervision” and “business execution.”」
The Company continues to maintain a structure separating supervision and execution through 2 outside directors and an executive officer system. - FY2017RestatedAnnual report
「The Company is working to strengthen corporate governance by enhancing supervision of the directors’ execution of duties by 2 outside directors and improving management transparency. It has also long operated an executive officer system to clarify the functions of “management and supervision” and “business execution.”」
The Company continues to maintain a structure separating supervision and execution through 2 outside directors and an executive officer system. - FY2016First statedAnnual report
「The Company is working to strengthen corporate governance by enhancing supervision of the directors’ execution of duties by 2 outside directors and improving management transparency. It has also long operated an executive officer system to clarify the functions of “management and supervision” and “business execution.”」
The functions of supervision and execution are organized through a combination of 2 outside directors, an executive officer system and 1-year terms for directors.