Strengthening oversight through the transition to a company with an Audit & Supervisory Committee
First written in FY2023. 1 of 2 entries say "Advanced", first in FY2026. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「The Audit and Supervisory Committee comprises 4 full-time Audit and Supervisory Committee members, including 3 independent outside directors and 1 internal director. The members conduct audits directly as appropriate, while making use of the internal audit function. During the fiscal year, the Audit and Supervisory Committee met 13 times.」
After changing to a company with an Audit and Supervisory Committee, we operated an audit structure comprising 4 full-time Audit and Supervisory Committee members, 3 of whom were independent outside directors, and held 13 committee meetings during the fiscal year. - FY2023First statedAnnual report
「At the annual general meeting of shareholders held on 26 June 2023, amendments to the Articles of Incorporation providing for the transition to a company with an Audit and Supervisory Committee were approved. Accordingly, on the same date, we changed from a company with a Board of Corporate Auditors to a company with an Audit and Supervisory Committee. We chose the company-with-an-Audit-and-Supervisory-Committee structure to accelerate decision-making and strengthen audit and oversight functions.」
On 26 June 2023, we changed from a company with a Board of Corporate Auditors to a company with an Audit and Supervisory Committee, with the aim of accelerating decision-making and strengthening audit and oversight functions.