Separating Execution from Oversight and Introducing Outside Officers
First written in FY2017-Q1. 9 of 16 entries say "Restated". Latest entry: FY2026.
- FY2026Reconfiguring the Chairman/CEO and President/COO structureAnnual report
「April 2026 Chairman of the Board, FALTEC CO., LTD. (current) Representative Director, Chairman and CEO of the Company (current)」
In April 2026, Fujishiro (藤城) became Representative Director, Chairman and CEO, restructuring the senior management team in place as of the filing date from the previous structure. - 2026-06-01AdvancedGeneral Meetings of Shareholders
「To strengthen the Board of Directors' oversight of management by increasing the proportion of outside directors, we would like to reduce the number of directors by 2 and seek the election of 8 directors.」
The Company specified a structural change to reduce the number of directors from 10 to 8 and increase the proportion of outside directors. - FY2023AdvancedAnnual report
「To strengthen internal controls, ensure compliance and enhance our corporate governance, we have appointed 4 independent outside directors with diverse backgrounds, including the financial, manufacturing and legal professions and foreign-affiliated companies.」
The company describes a structure in which the number of independent outside directors has changed from 3 to 4, with diverse backgrounds in finance, manufacturing, the legal profession and foreign-affiliated companies. - FY2020-Q2RestatedAnnual report
「To strengthen internal controls, ensure compliance and enhance our corporate governance, we have appointed 3 independent outside directors: a lawyer from the legal profession and individuals from the financial and manufacturing industries.」
The company reaffirms its governance structure, including 3 independent outside directors and the separation of executive and oversight functions. - FY2020-Q1RestatedAnnual report
「To strengthen internal controls, ensure compliance and enhance our corporate governance, we have appointed 3 independent outside directors: a lawyer from the legal profession and individuals from the financial and manufacturing industries. We also have 5 audit & supervisory board members, 3 of whom are highly independent outside members with specialist expertise.」
The company reiterates its oversight structure comprising 3 independent outside directors and 3 outside audit & supervisory board members out of 5. - FY2019AdvancedAnnual report
「To strengthen internal controls, ensure compliance and enhance our corporate governance, we have appointed 3 independent outside directors: a lawyer from the legal profession and individuals from the financial and manufacturing industries. We also have 5 audit & supervisory board members, 3 of whom are highly independent outside members with specialist expertise.」
The company describes a structure in which the number of outside directors has changed from 2 to 3, with 3 of the 5 audit & supervisory board members serving as outside members. - FY2019-Q3RestatedAnnual report
「In addition, the company increased the number of outside directors on the board to 2 in 2016 and, from 2018, made 3 of the 4 audit & supervisory board members outside members, establishing a structure for overseeing management from an objective standpoint independent of the company.」
The company reiterates its oversight structure comprising 2 outside directors and 3 outside audit & supervisory board members out of 4. - FY2019-Q2RestatedAnnual report
「In addition, the company increased the number of outside directors on the board to 2 in 2016, and in 2018 made 3 of the 4 audit & supervisory board members outside members, ensuring transparency and fairness in management and audits by the audit & supervisory board.」
The company reiterates the structure with 2 outside directors and 3 outside audit & supervisory board members out of 4. - FY2019-Q13 of the 4 audit & supervisory board members are outside membersAnnual report
「In addition, the company increased the number of outside directors on the board to 2 in 2016, and in 2018 made 3 of the 4 audit & supervisory board members outside members, ensuring transparency and fairness in management and audits by the audit & supervisory board.」
In addition to the structure with 2 outside directors, the company describes a structure in which, from 2018, 3 of the 4 audit & supervisory board members are outside members. - FY20182 of the 4 audit & supervisory board members are outside membersAnnual report
「Audit & Supervisory Board: The company has adopted an audit & supervisory board system for overseeing management. 2 of the 4 audit & supervisory board members are outside members, including 2 part-time members.」
While the company continues to have 2 outside directors, its annual governance disclosures state that 2 of the 4 audit & supervisory board members are outside members. - FY2018-Q3RestatedAnnual report
「② To clarify the distinction between business execution and oversight functions, the company introduced an executive officer system in 2005 and newly established the positions of chairman and CEO and president and COO in 2011. In 2016, it increased the number of outside directors on the board to 2, while also making 3 of the 5 audit & supervisory board members outside members, thereby ensuring transparency and fairness in management and audits by the audit & supervisory board.」
The company reiterates the separation of executive and oversight functions, the chairman and CEO/president and COO structure, and the structure with 2 outside directors and 3 outside audit & supervisory board members. - FY2018-Q2RestatedAnnual report
「② To clarify the distinction between business execution and oversight functions, the company introduced an executive officer system in 2005 and newly established the positions of chairman and CEO and president and COO in 2011. In 2016, it increased the number of outside directors on the board to 2, while also making 3 of the 5 audit & supervisory board members outside members, thereby ensuring transparency and fairness in management and audits by the audit & supervisory board.」
The company reiterates the separation of executive and oversight functions, the chairman and CEO/president and COO structure, and the structure with 2 outside directors and 3 outside audit & supervisory board members. - FY2018-Q1RestatedAnnual report
「② To clarify the distinction between business execution and oversight functions, the company introduced an executive officer system in 2005 and newly established the positions of chairman and CEO and president and COO in 2011. In 2016, it increased the number of outside directors on the board to 2, while also making 3 of the 5 audit & supervisory board members outside members, thereby ensuring transparency and fairness in management and audits by the audit & supervisory board.」
The company reiterates the separation of executive and oversight functions, the chairman and CEO/president and COO structure, and the structure with 2 outside directors and 3 outside audit & supervisory board members. - FY2017-Q3RestatedAnnual report
「② To clarify the distinction between business execution and oversight functions, the company introduced an executive officer system in 2005 and newly established the positions of chairman and CEO and president and COO in 2011. It also introduced 2 outside directors to the board in 2016, and 3 of the 5 audit & supervisory board members are outside members, ensuring transparency and fairness in management and audits by the audit & supervisory board.」
The company reiterates the separation of executive and oversight functions, the chairman and CEO/president and COO structure, and the structure with 2 outside directors and 3 outside audit & supervisory board members. - FY2017-Q2RestatedAnnual report
「To clarify the separation between business execution and oversight, we introduced an executive officer system in 2005 and established the positions of Chairman and CEO and President and COO in 2011. Since 2016, the Board of Directors has included 2 outside directors, while 3 of the 5 audit & supervisory board members have been outside audit & supervisory board members, ensuring transparency and fairness in management and audits by the audit & supervisory board members.」
The company reiterates the separation of executive and oversight functions, the chairman and CEO/president and COO structure, and the structure with 2 outside directors and 3 outside audit & supervisory board members. - FY2017-Q1First statedAnnual report
「To clarify the separation between business execution and oversight, we introduced an executive officer system in 2005 and established the positions of Chairman and CEO and President and COO in 2011. Since 2016, the Board of Directors has included 2 outside directors, while 3 of the 5 audit & supervisory board members have been outside audit & supervisory board members, ensuring transparency and fairness in management and audits by the audit & supervisory board members.」
Describes the executive officer system, the CEO/COO structure, 2 outside directors and 3 outside audit & supervisory board members.