Governance structure
The Company conducted its fiscal 2025 evaluation of the Board of Directors' effectiveness and identified oversight of internal controls and risk management, corporate governance structure and succession planning, and the use of outside directors and officers as issues to be addressed going forward. It stated that a voluntary Nomination and Compensation Advisory Committee was established to address issues identified in the fiscal 2024 evaluation.
| Item | Details |
|---|---|
| Committee | Voluntary Nomination and Compensation Advisory Committee (percentage of outside members: not disclosed) |
| Changes this time | The Company conducted its fiscal 2025 evaluation of the Board of Directors' effectiveness and identified oversight of internal controls and risk management, corporate governance structure and succession planning, and the use of outside directors and officers as issues to be addressed going forward. It stated that a voluntary Nomination and Compensation Advisory Committee was established to address issues identified in the fiscal 2024 evaluation. |
Items this document does not state (6)
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 evaluation was conducted based on a questionnaire administered by a third-party organization and discussions at Board of Directors meetings. While open and active discussions and greater involvement by outside directors and officers improved the quality of deliberations, the Company stated that discussions on oversight of internal controls and risk management, among other matters, need to be deepened.