Enhanced Oversight through an Audit and Supervisory Committee and a Nomination and Compensation Committee
First written in FY2025. 3 of 4 entries say "Advanced", first in 2026-05-27. Latest entry: 2026-06-25.
- 2026-06-25AdvancedGovernance
「We established a Nomination and Compensation Committee to enhance the objectivity and transparency of the decision-making process for nominating directors and further strengthen corporate governance, and to ensure the objectivity and transparency of procedures for determining directors’ compensation and improve the Board of Directors’ supervisory function. The committee deliberates and reports its conclusions in response to consultations from the Board of Directors.」
The basic policy for the internal control system now specifies the purpose of the Nomination and Compensation Committee, its deliberation and reporting functions, and its relationship with the Board of Directors’ supervisory function. - FY2026AdvancedAnnual report
「The Company's corporate bodies comprise the General Meeting of Shareholders, directors and the Board of Directors, Audit and Supervisory Committee members and the Audit and Supervisory Committee, and the accounting auditor.」
As a company with an Audit and Supervisory Committee, the company specifically disclosed its current oversight and decision-making structure, including the Audit and Supervisory Committee, outside directors, the Nomination and Compensation Committee, and the Management Strategy Meeting. - 2026-05-27AdvancedGovernance
「In light of the growing demands for corporate governance accompanying changes in the business environment and the increasing importance and responsibility of the audit and supervisory functions required of directors who are Audit and Supervisory Committee Members, we reviewed the appropriateness of the current compensation level. We would therefore like to set the annual compensation limit for directors who are Audit and Supervisory Committee Members at ¥50 million or less.」
In light of the growing importance and responsibility of audit and supervisory functions at a company with an Audit and Supervisory Committee, a proposal was presented to raise the annual compensation limit for Audit and Supervisory Committee Members from ¥36 million or less to ¥50 million or less. - FY2025First statedAnnual report
「The Company changed from a Company with a Board of Corporate Auditors to a Company with an Audit and Supervisory Committee upon approval at the 67th Annual General Meeting of Shareholders held on 23 June 2023. The Board of Directors and the Audit and Supervisory Committee audit and oversee the execution of duties by directors. In addition, the Company established a voluntary Nomination and Compensation Committee whose principal members are independent outside directors, with the aim of strengthening the independence, objectivity, and accountability of the Board of Directors' functions relating to the nomination and compensation of directors.」
The transition from a Company with a Board of Corporate Auditors to a Company with an Audit and Supervisory Committee, and the Nomination and Compensation Committee whose principal members are independent outside directors, were described as the current oversight and compensation decision-making mechanisms.