Delegation of authority over supervision and execution to independent outside directors
First written in FY2016. 7 of 12 entries say "Advanced", first in FY2017. Latest entry: FY2026.
1 other company's latest entry also says "Other".
- FY2026Planned renewal and reduction of the Board of DirectorsAnnual report
「As of the filing date of this document, the Board of Directors comprised 11 directors, 9 of whom were outside directors. …Following the conclusion of the Annual General Meeting of Shareholders scheduled for 23 June 2026, the Board of Directors is expected to comprise 10 directors, 8 of whom will be outside directors.」
As of the filing date, 9 of the 11 directors were outside directors, and this is expected to become 8 of 10 following the General Meeting of Shareholders. All members of the 3 committees are expected to continue to be outside directors. - FY2025AdvancedAnnual report
「As of the filing date of this document, the Board of Directors comprised 10 directors, 8 of whom were outside directors. …Following the conclusion of the Annual General Meeting of Shareholders scheduled for 24 June 2025, the Board of Directors is expected to comprise 11 directors, 9 of whom will be outside directors.」
The Company indicated that its outside-director-led oversight structure is expected to expand from 8 of 10 directors as of the filing date to 9 of 11 directors following the General Meeting of Shareholders. - FY2024RestatedAnnual report
「As of the filing date of this document, the Board of Directors comprised 10 directors, 8 of whom were outside directors. The chair and vice chair of the Board of Directors were outside directors, and all members of the Nomination, Audit and Compensation Committees were outside directors.」
The outside-director-led composition of the Board of Directors and committees was reconfirmed. 8 of the 10 directors were outside directors, and all members of the 3 committees were outside directors. - FY2023AdvancedAnnual report
「As of the filing date of this document, the Board of Directors comprised 10 directors, 8 of whom were outside directors. The chair of the Board of Directors was an outside director, and all members of the Nomination, Audit and Compensation Committees were outside directors.」
The outside-director-led oversight structure was updated, with 8 of the 10 directors serving as outside directors. The number of outside directors increased from 7 previously, and all 3 committees continued to be composed entirely of outside directors. - FY2022AdvancedAnnual report
「As of 28 June 2022, the Board of Directors comprised 10 directors, 7 of whom were outside directors. The chair and vice chair of the Board of Directors were outside directors, and all members of the Nomination, Audit and Compensation Committees were outside directors.」
The outside-director-led oversight structure was updated: 7 of the 10 directors were outside directors, and all 3 committees were composed entirely of outside directors. - FY2021AdvancedAnnual report
「As of 22 June 2021, the Board of Directors comprised 11 directors, 8 of whom were outside directors. The chair of the Board of Directors was an outside director, and all members of the Nomination, Audit and Compensation Committees were outside directors.」
The outside-director-led oversight structure was updated. 8 of the 11 directors were outside directors, and all 3 committees were composed entirely of outside directors. - FY2019AdvancedAnnual report
「As of 18 June 2019, the Board of Directors comprised 13 directors, 10 of whom were outside directors. The chair of the Board of Directors was an outside director, 4 of the 5 members of the Nomination Committee were outside directors, and all members of the Compensation and Audit Committees were outside directors.」
The Company specifically disclosed its oversight structure, consisting of 10 outside directors, an outside-director chair of the Board, and committees predominantly composed of outside directors. - FY2018AdvancedAnnual report
「As of the filing date, the Board of Directors comprised 13 directors, 10 of whom were outside directors. Four of the 5 members of the Nomination Committee were outside directors, while all 3 members of each of the Compensation Committee and Audit Committee were outside directors.」
The Company specifically disclosed its outside-director-led oversight structure: 10 of the 13 directors were outside directors, and all members of the Audit and Compensation Committees were outside directors. - FY2017AdvancedAnnual report
「As of the filing date, the Board of Directors comprised 12 directors, 9 of whom were outside directors. Of the 5 members of the Nomination Committee, 4 were outside directors; 3 of the 4 members of the Compensation Committee were outside directors; and all 3 members of the Audit Committee were outside directors.」
The Company specifically disclosed the number of outside directors serving on the Board of Directors and committees, which were predominantly composed of outside directors. - FY2016First statedAnnual report
「The Board of Directors, on which a substantial number of independent outside directors serve, exercises highly effective oversight of management through the Nomination, Audit and Compensation Committees, while building and maintaining a sound and transparent management structure.」
As of 17 June 2016, the Company disclosed a structure in which 8 of the 11 directors were outside directors and the chairs of each committee were selected from among the outside directors.