Governance structure
Company with an Audit & Supervisory BoardThe company changed its policy so that the Nomination and Compensation Committee will comprise 1 representative director and 2 outside directors, with an outside officer serving as chair. The number of outside directors was changed from 1 to 2, and the Risk Management Committee and Compliance Committee were changed from quarterly to monthly meetings. The attendance of Audit & Supervisory Board members as observers was also formalized.
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with an Audit & Supervisory Board |
| Committee | Nomination and Compensation Committee (4 outside members out of 5, 80%), Risk Management Committee, Compliance Committee (percentage of outside members: Not disclosed) |
| Changes this time | The company changed its policy so that the Nomination and Compensation Committee will comprise 1 representative director and 2 outside directors, with an outside officer serving as chair. The number of outside directors was changed from 1 to 2, and the Risk Management Committee and Compliance Committee were changed from quarterly to monthly meetings. The attendance of Audit & Supervisory Board members as observers was also formalized. |
Items this document does not state (5)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The company was designated by the Tokyo Stock Exchange as a security under special alert, and improvements to its internal control system and other areas were deemed necessary. Based on the recommendations of the Special Investigation Committee and the recurrence prevention measures previously disclosed, the company aims to have the special-alert designation lifted.