Oversight by an Audit & Supervisory Board including outside corporate auditors, without appointing outside directors
First written in FY2019. 2 of 4 entries say "Restated". Latest entry: FY2022.
- FY2022RestatedAnnual report
「The Company changed to a company with an audit and supervisory committee on 29 March 2021, following approval at the 89th Annual General Meeting of Shareholders held on that date of a proposal to amend the Articles of Incorporation to provide for the transition.」
The company continues to operate under the structure changed from a Company with a Board of Corporate Auditors to a Company with an Audit and Supervisory Committee. - FY2021RestatedAnnual report
「The Company changed to a company with an audit and supervisory committee on 29 March 2021, following approval at the 89th Annual General Meeting of Shareholders held on that date of a proposal to amend the Articles of Incorporation to provide for the transition.」
Following the change from a structure without outside directors, in which oversight was provided by a Board of Corporate Auditors, the company continues to operate as a Company with an Audit and Supervisory Committee. - FY2020ReframedAnnual report
「The Company changed to a company with an audit and supervisory committee on 29 March 2021, following approval at the 89th Annual General Meeting of Shareholders held on that date of a proposal to amend the Articles of Incorporation to provide for the transition.」
The company changed from its previous structure, under which oversight was provided by a Board of Corporate Auditors including outside corporate auditors without outside directors, to a Company with an Audit and Supervisory Committee effective 29 March 2021, with an Audit and Supervisory Committee including 2 outside directors. - FY2019First statedAnnual report
「The Company has not appointed outside directors. However, considering its current size, business profile and other factors, it believes that a structure consisting of a board of directors comprising internal directors familiar with its operations and an audit and supervisory board comprising 3 corporate auditors, including 2 outside corporate auditors, is appropriate to ensure efficient management and effective management oversight.」
The Company discloses a corporate governance structure combining a board of directors comprising internal directors with an audit and supervisory board comprising 3 corporate auditors, including 2 outside corporate auditors, without appointing outside directors, together with the reasons for this structure.