Strengthening governance by separating the Board of Directors and executive officers
First written in FY2016. 2 of 5 entries say "Advanced", first in FY2023. Latest entry: FY2025.
- FY2025AdvancedAnnual report
「We have introduced an executive officer system that separates the Board of Directors, which oversees management, from the executive officers, who are responsible for business execution, thereby clarifying their respective roles. There were 2 executive officers as of the date of filing this document.」
The policy of separating oversight and execution was continued, and the number of executive officers increased from 1 in the previous disclosure to 2. - FY2024SoftenedAnnual report
「We have introduced an executive officer system that separates the Board of Directors, which oversees management, from the executive officers, who are responsible for business execution, thereby clarifying their respective roles. There was 1 executive officer as of the date of filing this document.」
The policy of separating the Board of Directors and executive officers was continued, but the number of executive officers changed from 4 in the previous disclosure to 1. - FY2023AdvancedAnnual report
「In addition, to establish an operating structure capable of responding quickly to changes in the business environment and making sophisticated management decisions swiftly and flexibly, we have introduced an executive officer system that separates the Board of Directors, which oversees management, from the executive officers, who are responsible for business execution, thereby clarifying their respective roles. There were 4 executive officers as of the date of filing this document.」
The policy of separating the Board of Directors and executive officers was continued, and the number of executive officers changed from 3 to 4. - FY2019RestatedAnnual report
「We have introduced an executive officer system that separates the Board of Directors, which oversees management, from the executive officers, who are responsible for business execution, thereby clarifying their respective roles. There are 3 executive officers. We aim to strengthen our corporate governance framework, achieve efficient management and enhance competitiveness through the Board of Directors' swift decision-making, supported by a relatively small number of directors, and the agile execution of operations by executive officers responsible for specific business areas.」
The policy of separating the Board of Directors and executive officers, with 3 executive officers overseeing and executing operations separately, was continued. - FY2016First statedAnnual report
「We have introduced an executive officer system that separates the Board of Directors, which oversees management, from the executive officers, who are responsible for business execution, thereby clarifying their respective roles. There are 3 executive officers. We aim to strengthen our corporate governance framework, achieve efficient management and enhance competitiveness through the Board of Directors' swift decision-making, supported by a relatively small number of directors, and the agile execution of operations by executive officers responsible for specific business areas.」
The separation of oversight and execution, 3 executive officers, and swift decision-making by a small Board of Directors were described as governance measures.