Governance structure
Company with an Audit & Supervisory BoardThe company has decided to establish an independent committee separate from the company and its management. The committee will investigate and consider the facts, governance issues, causes and measures to prevent recurrence relating to the inappropriate use of expenses and other matters by the former Representative Director and Chairman.
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with an Audit & Supervisory Board |
| Committee | Independent committee (100% outside members) |
| Changes this time | The company has decided to establish an independent committee separate from the company and its management. The committee will investigate and consider the facts, governance issues, causes and measures to prevent recurrence relating to the inappropriate use of expenses and other matters by the former Representative Director and Chairman. |
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.The company determined that, in addition to the investigation by the existing Audit & Supervisory Board, verification with an even greater degree of objectivity and independence was necessary to clarify the facts, analyze the causes and formulate effective measures to prevent recurrence. Fulfilling its accountability to shareholders, investors and other stakeholders was also cited as a reason.