Management Oversight and Transparency through Outside Officers
First written in FY2016. 3 of 6 entries say "Advanced", first in FY2017. Latest entry: FY2023.
The whole theme swung hardest in 2023: 14 of 103 companies on the "Worse" side.
- FY2023Reducing the number of directors while maintaining outside directors at half of the boardAnnual report
「To ensure sound and transparent management, 4 of the 8 directors, or half of the board, are outside directors, strengthening oversight of management.」
The structure changed from 5 outside directors out of 10, as previously stated, to 4 out of 8, while the proportion of outside directors remained at half of the board. - FY2022AdvancedAnnual report
「To ensure sound and transparent management, 5 of the 10 directors, or half of the board, are outside directors, strengthening oversight of management.」
The structure changed from 4 outside directors out of 9 to 5 out of 10, with outside directors accounting for half of the board. - FY2019AdvancedAnnual report
「To ensure sound and transparent management, 4 of the 9 directors are outside directors, strengthening oversight of management. In addition, the company has established a Nomination and Compensation Committee, an optional advisory body to the Board of Directors, to enhance the objectivity and transparency of the decision-making process concerning the nomination and compensation of directors and further strengthen corporate governance.」
The number of outside directors changed from 4 of 9 to 4 of 9, and a Nomination and Compensation Committee was also established. - FY2018RestatedAnnual report
「The company changed from a company with a board of corporate auditors to a company with an Audit and Supervisory Committee, pursuant to a resolution at the 74th Annual General Meeting of Shareholders held on 29 June 2017. Following the change, the Board of Directors makes decisions on management policies and important matters concerning management, while supervising the execution of business by executive officers and others. To ensure sound and transparent management, 3 of the 9 directors are outside directors, strengthening the Board's supervisory function.」
Reconfirmed the structure following the change to a company with an Audit and Supervisory Committee and the supervisory function provided by 3 outside directors out of 9. - FY2017AdvancedAnnual report
「The company changed from a company with a board of corporate auditors to a company with an Audit and Supervisory Committee, pursuant to a resolution at the 74th Annual General Meeting of Shareholders held on 29 June 2017. Following the change, the Board of Directors makes decisions on management policies and important matters concerning management, while supervising the execution of business by executive officers and others. To ensure sound and transparent management, 3 of the 9 directors are outside directors, strengthening the Board's supervisory function.」
The company changed from a supervisory structure involving outside officers to a company with an Audit and Supervisory Committee, establishing a structure in which 3 of the 9 directors are outside directors. - FY2016First statedAnnual report
「To ensure sound and transparent management, the terms of office for directors and executive officers are set at 1 year, and 3 of the 10 directors are outside directors. In addition, all 4 corporate auditors are outside corporate auditors, strengthening oversight of management.」
Specified short terms of office, 3 outside directors, and 4 outside corporate auditors as governance measures.