Strengthening Oversight and Transparency through Outside Officers and a Compensation Committee
First written in FY2019. 3 of 8 entries say "Advanced", first in FY2023. Latest entry: FY2026.
43 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「To strengthen the Board of Directors’ oversight functions and improve the transparency and objectivity of management, the company established the Finance Committee and Evaluation Committee as advisory bodies to the Board of Directors, effective 25 June 2026.」
In addition to the former Compensation Committee, the company newly established the Finance Committee, which handles financial governance with a focus on the cost of capital and share price, and the Evaluation Committee, which handles evaluations and compensation for officers. The Compensation Committee was integrated into the Evaluation Committee. - FY2025SoftenedAnnual report
「The company has 3 outside directors. Through objective and appropriate monitoring and oversight based on their high degree of independence and specialized expertise, the outside directors enhance the effectiveness of the company’s corporate governance.」
The policy of oversight by outside directors continues, but their number has changed from 4 in the previous disclosure to 3. - FY2023AdvancedAnnual report
「The company has 4 outside directors. Through objective and appropriate monitoring and oversight based on their high degree of independence and specialized expertise, the outside directors enhance the effectiveness of the company’s corporate governance.」
The company describes a structure in which 4 outside directors use their independence and specialized expertise in monitoring and oversight to improve the effectiveness of corporate governance. - FY2020RestatedAnnual report
「Of the 7 directors, 3 are outside directors (as of 30 June 2020). The Audit & Supervisory Board consists of 5 members, including 3 outside Audit & Supervisory Board members (as of 30 June 2020).」
The company continues to maintain an oversight structure including 3 outside directors and 3 outside Audit & Supervisory Board members, as well as objective and transparent compensation decisions by the Compensation Committee. - FY2019First statedAnnual report
「Of the 9 directors, 3 are outside directors. The Audit & Supervisory Board consists of 5 members, including 4 outside Audit & Supervisory Board members. To enhance the objectivity and transparency of the process for determining directors’ compensation and strengthen corporate governance, the company has established a Compensation Committee as a voluntary advisory body to the Board of Directors.」
The company details its governance policy of oversight and monitoring by outside directors and outside Audit & Supervisory Board members, and objective and transparent compensation decisions by a Compensation Committee that includes outside members.