Separation of the Board’s Supervisory Function from Executive Officers’ Business Execution Function
First written in FY2016. 3 of 7 entries say "Advanced", first in FY2017. Latest entry: FY2024.
- FY2024RestatedAnnual report
「As of the date of submission of this document, the Board of Directors consists of 7 members, 5 of whom are outside directors as defined in Article 2, item 15 of the Companies Act.」
The company continues to maintain a structure of 7 directors, including 5 outside directors, and to strengthen its supervisory function led by outside officers. - FY2023AdvancedAnnual report
「As of the date of submission of this document, the Board of Directors consists of 7 members, 5 of whom are outside directors as defined in Article 2, item 15 of the Companies Act.」
The Board of Directors expanded from 6 members, including 3 outside directors, in the previous year to 7 members, including 5 outside directors. The proportion of outside directors increased. - FY2022AdvancedAnnual report
「As of the date of submission of this document, the Board of Directors consists of 6 directors: 3 executive directors and 3 outside directors.」
The Board of Directors increased from 5 to 6 members, and the number of outside directors increased from 2 to 3. The company explains that this expanded its structure for incorporating outside expertise into the Board's supervision. - FY2020Change in the number of outside directorsAnnual report
「As of the date of submission of this document, the Board of Directors consists of 5 directors: 3 executive directors and 2 outside directors.」
The Board of Directors has maintained a structure of 5 members, but the number of outside directors decreased from 3 in the previous year's disclosure to 2. - FY2018RestatedAnnual report
「As of the date of submission of this document, the Board of Directors consists of 5 directors. To ensure management transparency and fairness and achieve sustainable growth, the company has appointed 3 outside directors with extensive experience and broad expertise in corporate management, finance and other specialised fields.」
The company continues to operate with 3 outside directors among its 5 directors and to maintain the separation of functions between the Board of Directors and executive officers. - FY2017AdvancedAnnual report
「As of the date of submission of this document, the Board of Directors consists of 5 directors. To ensure management transparency and fairness and achieve sustainable growth, the company has appointed 3 outside directors with extensive experience and broad expertise in corporate management, finance and other specialised fields.」
The company has specified a structure of 5 directors, including 3 outside directors, giving concrete form to the strengthening of the Board's supervisory function, transparency and fairness. - FY2016First statedAnnual report
「The company has structured its Board of Directors and Board of Corporate Auditors primarily around independent outside directors and independent outside corporate auditors, with the aim of separating the Board's supervisory function from executive officers' business execution function, ensuring strong independence of the Board, strengthening its supervisory function, and promoting close information sharing and cooperation between independent outside directors and the Board of Corporate Auditors.」
The company explicitly identified as a governance measure the separation of supervision and execution through a Board of Directors and Board of Corporate Auditors led by independent outside officers, with business execution delegated to executive officers.