Agile Group Management through the Separation of Oversight and Execution
First written in FY2016. 3 of 6 entries say "Advanced", first in FY2017. Latest entry: FY2026.
- FY2026AchievedAnnual report
「A Board of Directors consisting of 15 directors, including 6 outside directors」
The previously planned increase to 6 outside directors has been disclosed as the actual Board composition. The separation of oversight and execution through the company-with-an-Audit-and-Supervisory-Committee structure, delegation of authority, and the executive officer system also continues. - FY2025RaisedAnnual report
「As agenda items for the Annual General Meeting of Shareholders scheduled for 20 June 2025, we have proposed the election of 10 directors, excluding directors who are Audit and Supervisory Committee members, and the election of 5 directors who are Audit and Supervisory Committee members. If these proposals are approved, there will be 6 outside directors, including 3 directors who are Audit and Supervisory Committee members.」
The company plans to increase the number of outside directors on the Board from the current 5 to 6 after the Annual General Meeting of Shareholders. The proposed board composition also indicates that women will account for 20.0%. - FY2023AdvancedAnnual report
「Following a resolution at the 6th Annual General Meeting of Shareholders held on 18 June 2021, we transitioned to a company with an Audit and Supervisory Committee. The Board of Directors consists of 15 directors, including 5 outside directors. It has delegated authority to accelerate and streamline decision-making, and established an Audit and Supervisory Committee in which outside directors constitute a majority of the members.」
Governance based on the separation of oversight and execution has been implemented through the transition to a company with an Audit and Supervisory Committee, delegation of authority, and a Board of Directors structure that includes 5 outside directors. - FY2019AdvancedAnnual report
「The Company established a Nomination and Compensation Advisory Committee as an advisory body to the Board of Directors, with the aim of enhancing the transparency and fairness of the decision-making process and strengthening corporate governance through exchanges of views between the Representative Directors and outside officers concerning the nomination and compensation of the Company's management and Audit & Supervisory Board Members.」
In addition to separating oversight and execution and utilizing outside officers, the Company established an advisory body to the Board of Directors covering nominations and compensation. - FY2017AdvancedAnnual report
「The Company has established and published Corporate Governance Guidelines to achieve sustainable growth of the Group and enhance corporate value over the medium to long term.」
In addition to separating oversight and execution and utilizing the executive officer system and outside officers, the Company disclosed the establishment and publication of Corporate Governance Guidelines as a concrete governance measure. - FY2016First statedAnnual report
「The Company will ensure the effectiveness of corporate governance by clarifying oversight and execution and creating an environment in which the Board of Directors can focus on overseeing the execution of directors' duties.」
The Company has established an oversight and execution structure combining the Board of Directors, Group Management Committee, various committees and an executive officer system. The disclosure states that there are 10 directors, including 2 outside directors, and 5 Audit & Supervisory Board Members, including 3 outside Audit & Supervisory Board Members.