Strengthening governance through the separation of management oversight and execution
First written in FY2017. 3 of 4 entries say "Restated". Latest entry: FY2022.
- FY2022RestatedAnnual report
「We have also introduced an executive officer system to separate management decision-making and oversight functions from business execution, thereby strengthening the Board's oversight function and accelerating decision-making.」
We continue to separate oversight from business execution, maintain the executive officer system, and expedite decision-making. - FY2021RestatedAnnual report
「We have also introduced an executive officer system to separate management decision-making and oversight functions from business execution, thereby strengthening the Board's oversight function and accelerating decision-making.」
We continue to separate oversight from business execution, maintain the executive officer system, and expedite decision-making. - FY2019RestatedAnnual report
「To ensure that the Board of Directors exercises effective management oversight from an independent and objective standpoint, we have appointed 3 independent outside directors, representing at least one-third of the Board's members (as of the date of submission of the Annual Securities Report). We have also introduced an executive officer system to separate management decision-making and oversight functions from business execution.」
It continues its governance policy based on 3 independent outside directors, an executive officer system and the separation of oversight and execution. - FY2017First statedAnnual report
「To ensure that the Board of Directors exercises effective management oversight from an independent and objective standpoint, we have appointed 3 independent outside directors (as of the end of March 2017). We have also introduced an executive officer system to separate management decision-making and oversight functions from business execution, thereby strengthening the Board's oversight function and accelerating decision-making.」
In addition to the structure of a company with an Audit and Supervisory Committee, it describes 3 independent outside directors, an executive officer system and the separation of oversight and execution through the delegation of authority as specific measures.