Oversight Structure Involving Outside Officers, Corporate Auditors and Internal Audit
First written in FY2018. 3 of 4 entries say "Advanced", first in FY2020. Latest entry: FY2022.
22 other companies' latest entry also says "Advanced".
- FY2022AdvancedAnnual report
「The Nomination and Compensation Committee, comprising 6 members as of the filing date, including 4 outside directors, consists of at least 3 directors of the Company, more than half of whom are selected from among the outside directors. As an advisory body to the Board of Directors, it meets at least once in each fiscal year, and met 3 times during the fiscal year, thereby strengthening the fairness, transparency and objectivity of procedures relating to the nomination and compensation of directors and enhancing the Company's corporate governance.」
The Nomination and Compensation Committee met 3 times during the fiscal year, and its operating record shows that 4 of its 6 members were outside directors. - FY2021AdvancedAnnual report
「The Company has also established a Nomination and Compensation Committee as a voluntary advisory body to the Board of Directors. By discussing the nomination and compensation of officer candidates, the committee seeks to ensure fairness, transparency and objectivity.」
A framework separating the Board of Directors from business execution was operated under the executive officer system, and a voluntary Nomination and Compensation Committee was also established. The committee met 1 time during the fiscal year, and as of the filing date the Board of Directors had 10 members, including 4 outside directors. - FY2020AdvancedAnnual report
「The Company has decided to introduce an executive officer system. This will accelerate decision-making in business execution, strengthen the Board of Directors' management oversight function and enable the Company to establish a more effective corporate governance framework.」
An executive officer system was introduced to establish a framework separating the Board of Directors from business execution. As of the filing date, the Board of Directors has 11 members, including 3 outside directors. - FY2018First statedAnnual report
「By appointing outside directors and outside audit & supervisory board members, the Company is strengthening its management oversight function. It is also enhancing its internal audit framework to establish an appropriate and effective corporate governance framework.」
The disclosure describes the audit & supervisory board system, 2 outside directors, 2 outside audit & supervisory board members, monthly Board of Directors meetings, and an oversight and audit framework including the internal audit department.