Revitalizing the Board of Directors by Separating Decision-Making and Oversight from Execution
First written in FY2022-Q3. 2 of 6 entries say "Advanced", first in FY2022. Latest entry: FY2025.
- FY2025RestatedAnnual report
「As of the date of submission of this report, the company has 5 directors on its Board, including 2 outside directors, and makes decisions with an emphasis on objective opinions from outside the company. It has also introduced an executive officer system to clarify executive authority and responsibility, and aims to promote effective corporate governance by separating oversight from execution, achieve sustainable growth and continuously enhance corporate value.」
The company continues to separate oversight from execution through 5 directors, 2 outside directors and an executive officer system. - FY2024-Q3AdvancedAnnual report
「We reduced the number of officers to contribute to earnings through lower executive compensation and to achieve faster business operations by clarifying the division of roles between management oversight and business execution, thereby establishing a new, more efficient management structure.」
The review of the Board structure progressed from the consideration stage to reducing the number of officers and establishing a new management structure. - FY2024-Q1Consideration of a review of the Board structureAnnual report
「As structural reforms progress, we will also consider reviewing the Board structure, including reducing the number of directors.」
The company indicated a policy of considering a review of the Board structure, including reducing the number of directors, as part of its structural reforms. - FY2023RestatedAnnual report
「The company has 11 directors on its Board, including 4 outside directors, and makes decisions with an emphasis on objective opinions from outside the company. It has also introduced an executive officer system to clarify executive authority and responsibility.」
The company continues to separate oversight from execution through a Board including outside directors and an executive officer system. - FY2022AdvancedAnnual report
「The company is a company with an Audit and Supervisory Committee. It has also established voluntary Nomination and Compensation Committees as advisory bodies to the Board of Directors and aims to establish an effective corporate governance system.」
In addition to the existing executive officer system, the company established a structure incorporating a company with an Audit and Supervisory Committee and Nomination and Compensation Committees. - FY2022-Q3First statedAnnual report
「We have introduced an executive officer system to invigorate the Board of Directors by separating decision-making and oversight from execution, and to actively appoint personnel based on merit.」
The company has introduced an executive officer system and promotes Board effectiveness and merit-based appointments.