Strengthening Oversight through Outside Directors and Advisory Committees
First written in FY2021. 3 of 7 entries say "Advanced", first in FY2022. Latest entry: 2026-10-14.
2 other companies' latest entry also says "Restated".
- FY2024AdvancedAnnual report
「The Audit and Supervisory Committee comprises 4 outside directors and 1 inside director,」
The company describes a five-member Audit and Supervisory Committee comprising 4 outside directors and 1 inside director, thereby expanding the oversight function of outside directors. The Nominating and Compensation Advisory Committees are also composed primarily of outside directors. - FY2023AdvancedAnnual report
「The purpose is to strengthen the Board of Directors’ oversight function by granting voting rights at Board meetings to 4 directors who are Audit and Supervisory Committee members, all 4 of whom are outside directors, and to further enhance the corporate governance structure.」
The company describes a structure in which the number of outside directors serving as Audit and Supervisory Committee members has increased from 3 to 4, with all 4 being outside directors. The Nominating and Compensation Advisory Committees also comprise 4 outside directors and 1 inside director. - FY2022AdvancedAnnual report
「To further ensure the objectivity and transparency of the procedures, at a Board of Directors meeting held on 19 April 2022, the company changed from determining individual compensation through the representative director and president to a method under which the Compensation Advisory Committee makes the determination under delegation from the Board of Directors.」
The company changed from the previous method of having the representative director and president determine individual compensation to a method under which the Compensation Advisory Committee makes the determination under delegation, thereby specifically strengthening the advisory committee’s functions. - FY2021First statedAnnual report
「The company strengthens the Board of Directors’ oversight function by granting voting rights at Board meetings to 3 directors who are Audit and Supervisory Committee members, all 3 of whom are outside directors,」
In addition to an Audit and Supervisory Committee comprising 3 outside directors, the company has established a Nominating Advisory Committee and a Compensation Advisory Committee. Each advisory committee comprises 1 inside director and 3 outside directors.