Separation of management oversight and business execution; executive officer system
First written in FY2016. 4 of 7 entries say "Restated". Latest entry: FY2026.
Nkk Switches moved to the "Worse" side of this theme in 2024, 2 years before the typical company in this theme (2026).
4 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「In addition, from the fiscal year ending March 2027, we consolidated the functions of the Division Head Meeting into the Strategy Meeting, which is now directed by the Executive Vice President, in order to strengthen the governance structure, clarify responsibilities, and accelerate decision-making.」
The structure has been reorganized from the former parallel operation of the Division Head Meeting and Strategy Meeting, with the Division Head Meeting abolished and its functions consolidated into the Strategy Meeting. - FY2024ReframedAnnual report
「March 2023: Executive officer system abolished」
While the former executive officer system has been abolished, the structure has been reorganized to completely separate “management” from “execution” through oversight by the Board of Directors, the Strategy Meeting, the Division Head Meeting and other bodies. - FY2022RestatedAnnual report
「As the business environment surrounding management undergoes extremely rapid change, we have completely separated “management” from “execution” to make decisions quickly and respond promptly to changes in the environment, thereby pursuing ① greater management efficiency, ② greater efficiency in business execution, and ③ faster decision-making.」
Continuing to explain the structure that completely separates management from business execution and pursues greater efficiency and faster decision-making. - FY2021RestatedAnnual report
「We are a company with an Audit & Supervisory Board. As the business environment surrounding management undergoes extremely rapid change, we have completely separated “management” from “execution” to make decisions quickly and respond promptly to changes in the environment, thereby pursuing ① greater management efficiency, ② greater efficiency in business execution, and ③ faster decision-making.」
Continuing to maintain the basic structure of the executive officer system, which expressly separates management from business execution and pursues greater efficiency and faster decision-making. - FY2018RestatedAnnual report
「We have introduced an executive officer system to clearly separate management oversight and supervision from business execution, enhance the Board of Directors’ management oversight function, clarify roles and responsibilities related to business execution, and accelerate decision-making and business execution.」
Continuing to explain the separation of oversight from business execution, clarification of responsibilities, and faster decision-making under the executive officer system. - FY2017RestatedAnnual report
「We have introduced an executive officer system to clearly separate management oversight and supervision from business execution, enhance the Board of Directors’ management oversight function, clarify roles and responsibilities related to business execution, and accelerate decision-making and business execution.」
Continuing to explain the separation of management oversight from business execution, clarification of responsibilities, and faster decision-making under the executive officer system. - FY2016First statedAnnual report
「We have introduced an executive officer system to clearly separate management oversight and supervision from business execution, enhance the Board of Directors’ management oversight function, clarify roles and responsibilities related to business execution, and accelerate decision-making and business execution.」
A structure under the executive officer system that clarifies the Board of Directors’ oversight function, responsibility for business execution, and faster decision-making.