Strengthening governance through the executive officer system and outside directors
First written in FY2017-Q1. 11 of 19 entries say "Restated". Latest entry: FY2026.
- FY2026AdvancedAnnual report
「Of the 10 directors, 6 are outside directors, including 3 directors who are audit and supervisory committee members. Since all of them meet both the company's "Independence Criteria for Outside Officers" described below and the requirements for independent officers established by the Tokyo Stock Exchange, independent outside directors constitute a majority of the Board of Directors. This structure ensures the effectiveness of the Board's oversight function and enables the company to incorporate opinions fully into management from an objective and independent perspective.」
Independent outside directors now constitute a majority of the Board of Directors, advancing an oversight structure that combines a company with an Audit and Supervisory Committee, on-site meetings, and the separation of execution from oversight. - FY2021AdvancedAnnual report
「In June 2020, the company changed from a company with a board of corporate auditors to a company with an audit and supervisory committee. By exercising the statutory powers of directors serving as audit and supervisory committee members, including voting rights at meetings of the Board of Directors and the right to state opinions at general meetings of shareholders regarding the nomination and compensation of directors, the company is further strengthening the Board of Directors' oversight function. It is also taking steps to improve the Board's effectiveness, including establishing voluntary nomination and compensation committees and holding meetings for exchanging views on management issues and strategies.」
The company changed from a company with a board of corporate auditors to a company with an audit and supervisory committee, and has put into practice stronger oversight through the voting rights of audit and supervisory committee members, nomination and compensation committees, and meetings for exchanging views. - FY2020-Q2RestatedAnnual report
「The company has introduced an executive officer system, separating the Board of Directors' decision-making and oversight functions from business execution delegated to executive officers. In addition, by having 2 independent outside directors among the 9 directors comprising the Board of Directors, the company ensures management transparency, enhances the Board of Directors' oversight of business execution, and strengthens corporate governance.」
The company continues to separate functions through the executive officer system and strengthen oversight through 2 independent outside directors among the 9 directors. - FY2020-Q1RestatedAnnual report
「The company has introduced an executive officer system, separating the Board of Directors' decision-making and oversight functions from business execution delegated to executive officers. In addition, by having 2 independent outside directors among the 9 directors comprising the Board of Directors, the company ensures management transparency, enhances the Board of Directors' oversight of business execution, and strengthens corporate governance.」
The company continues to separate functions through the executive officer system and strengthen oversight through 2 independent outside directors among the 9 directors. - FY2019ReframedAnnual report
「The company has 9 directors, a number it considers appropriate for thorough discussion and accurate, prompt decision-making amid a rapidly changing business environment. In addition, 2 of the 9 directors comprising the Board of Directors are outside directors, strengthening the Board's oversight of business execution and corporate governance.」
The Board of Directors' composition has changed from 2 outside directors among 10 directors to 2 among 9, and the disclosure also describes efforts to improve effectiveness through voluntary nomination and compensation committees and meetings for exchanging views. - FY2019-Q3RestatedAnnual report
「The company has introduced an executive officer system, separating the Board of Directors' decision-making and oversight functions from business execution delegated to executive officers. In addition, by having 2 independent outside directors among the 10 directors comprising the Board of Directors, the company ensures management transparency, enhances the Board of Directors' oversight of business execution, and strengthens corporate governance.」
The company continues to separate functions through the executive officer system and strengthen oversight through 2 independent outside directors among the 10 directors. - FY2019-Q2RestatedAnnual report
「The company has introduced an executive officer system, separating the Board of Directors' decision-making and oversight functions from business execution delegated to executive officers. In addition, by having 2 independent outside directors among the 10 directors comprising the Board of Directors, the company ensures management transparency, enhances the Board of Directors' oversight of business execution, and strengthens corporate governance.」
The company continues to separate functions through the executive officer system and strengthen oversight through 2 independent outside directors among the 10 directors. - FY2019-Q1RestatedAnnual report
「The company has introduced an executive officer system, separating the Board of Directors' decision-making and oversight functions from business execution delegated to executive officers. In addition, by having 2 independent outside directors among the 10 directors comprising the Board of Directors, the company ensures management transparency, enhances the Board of Directors' oversight of business execution, and strengthens corporate governance.」
The company continues to separate functions through the executive officer system and strengthen oversight through 2 independent outside directors among the 10 directors. - FY2018RestatedAnnual report
「The company has a board of corporate auditors, but introduced an executive officer system in June 2003 and also strengthened the functions of the Board of Directors. It separates the Board of Directors' decision-making and oversight functions from business execution, assigning the former to the Board of Directors and the latter to the representative directors and executive officers to whom authority has been delegated by the representative directors.」
The company continues to separate decision-making and oversight functions from business execution through the executive officer system. The disclosure also continues to state that 2 of the 10 directors are outside directors. - FY2018-Q3RestatedAnnual report
「The company has introduced an executive officer system, separating the Board of Directors' decision-making and oversight functions from business execution delegated to executive officers. In addition, by having 2 independent outside directors among the 10 directors comprising the Board of Directors, the company ensures management transparency, enhances the Board of Directors' oversight of business execution, and strengthens corporate governance.」
The company continues to separate functions through the executive officer system and strengthen oversight through 2 independent outside directors among the 10 directors. - FY2018-Q2RestatedAnnual report
「The company has introduced an executive officer system, separating the Board of Directors' decision-making and oversight functions from business execution delegated to executive officers. In addition, by having 2 independent outside directors among the 10 directors comprising the Board of Directors, the company ensures management transparency, enhances the Board of Directors' oversight of business execution, and strengthens corporate governance.」
The company continues to separate functions through the executive officer system and strengthen oversight through 2 independent outside directors among the 10 directors. - FY2018-Q1RestatedAnnual report
「The company has introduced an executive officer system, separating the Board of Directors' decision-making and oversight functions from business execution delegated to executive officers. In addition, by having 2 independent outside directors among the 10 directors comprising the Board of Directors, the company ensures management transparency, enhances the Board of Directors' oversight of business execution, and strengthens corporate governance.」
The company continues to separate functions through the executive officer system and strengthen oversight through 2 independent outside directors among the 10 directors. - FY2017-Q3RestatedAnnual report
「The company introduced an executive officer system in June 2003, separating the Board of Directors' decision-making and oversight functions from business execution, accelerating business execution, and promoting efficient management. It has also revitalized the Board of Directors as a forum for important strategic decision-making and strengthened its functions. In addition, by having 2 outside directors among the 10 directors currently in office, the company ensures management transparency, enhances the Board of Directors' oversight of business execution, and strengthens corporate governance.」
The company continues to separate functions through the executive officer system and strengthen oversight through 2 outside directors among the 10 directors. - FY2017-Q2RestatedAnnual report
「The company introduced an executive officer system in June 2003, separating the Board of Directors' decision-making and oversight functions from business execution, accelerating business execution, and promoting efficient management. It has also revitalized the Board of Directors as a forum for important strategic decision-making and strengthened its functions. In addition, by having 2 outside directors among the 10 directors currently in office, the company ensures management transparency, enhances the Board of Directors' oversight of business execution, and strengthens corporate governance.」
The company continues to separate functions through the executive officer system and to ensure oversight and transparency through 2 outside directors among the 10 directors. - FY2017-Q1First statedAnnual report
「The company introduced an executive officer system in June 2003, separating the Board of Directors' decision-making and oversight functions from business execution, accelerating business execution, and promoting efficient management. It has also revitalized the Board of Directors as a forum for important strategic decision-making and strengthened its functions. In addition, by having 2 outside directors among the 10 directors currently in office, the company ensures management transparency, enhances the Board of Directors' oversight of business execution, and strengthens corporate governance.」
The separation of decision-making and oversight from business execution, and the strengthening of transparency and oversight through 2 outside directors, are described as ongoing mechanisms.