Governance structure
Company with an Audit & Supervisory BoardIn addition to the measures already disclosed, the company has decided to introduce special rules governing the Representative Director's entertainment expenses, rules governing the use of company assets, and strengthened internal audits, the internal reporting system and director training, transition to a structure in which outside directors constitute a majority of the Board of Directors, and review its audit framework, among other measures.
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with an Audit & Supervisory Board |
| Committee | Fukuda Denshi Revitalization Committee (tentative), to be established in due course. Proportion of outside committee members: Not disclosed |
| Changes this time | In addition to the measures already disclosed, the company has decided to introduce special rules governing the Representative Director's entertainment expenses, rules governing the use of company assets, and strengthened internal audits, the internal reporting system and director training, transition to a structure in which outside directors constitute a majority of the Board of Directors, and review its audit framework, among other measures. |
Items this document does not state (5)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.In response to the cause analysis and recommendations for measures to prevent recurrence identified in the investigation report concerning the inappropriate use of expenses and other matters by the Representative Director and Chairman, to prevent similar conduct from recurring and restore trust.