Transition to a company with an audit and supervisory committee and stronger oversight by outside directors
First written in FY2016. 4 of 6 entries say "Restated". Latest entry: FY2025.
- FY2025AdvancedAnnual report
「Once the proposal is approved as originally submitted, the Audit and Supervisory Committee will consist of 3 independent outside directors, Makiko Yamamoto (山本麻記子), Kazutaka Okubo (大久保和孝), and Hisashi Watanabe (渡辺尚), and the chair will also be an outside director.」
The Company plans to change the Audit and Supervisory Committee, following the shareholders’ meeting scheduled for 26 June 2025, to a structure consisting of 3 outside directors, with no full-time committee member appointed and a secretariat established. - FY2022RestatedAnnual report
「The company has adopted a company-with-an-Audit-and-Supervisory-Committee structure and is working to strengthen the audit and oversight of directors’ execution of their duties and improve the effectiveness of internal controls. In addition, outside directors, including directors who are Audit and Supervisory Committee members (hereinafter, “Audit and Supervisory Committee members”), participate in decision-making by the Board of Directors, thereby enhancing management transparency and soundness.」
The Company continues to maintain a supervisory structure based on a company with an Audit and Supervisory Committee, the participation of outside directors in decision-making, and strengthened internal controls. - FY2020RestatedAnnual report
「The Company has adopted the company-with-an Audit and Supervisory Committee structure, seeking to strengthen the auditing and supervisory functions over the execution of directors’ duties and improve the effectiveness of internal controls. In addition, the participation of outside directors, including directors serving on the Audit and Supervisory Committee, in decision-making by the Board of Directors enhances management transparency and soundness.」
The Company continues to maintain a supervisory and decision-making structure based on a company with an Audit and Supervisory Committee, the participation of outside directors in decision-making, and the delegation of authority. - FY2019RestatedAnnual report
「The company has adopted a company-with-an-Audit-and-Supervisory-Committee structure and is working to strengthen the audit and oversight of directors’ execution of their duties and improve the effectiveness of internal controls. In addition, outside directors, including directors who are Audit and Supervisory Committee members (hereinafter, “Audit and Supervisory Committee members”), participate in decision-making by the Board of Directors, thereby enhancing management transparency and soundness.」
The company continues its oversight structure based on a company with an Audit and Supervisory Committee, participation by outside directors and strengthened internal controls. - FY2018RestatedAnnual report
「The company has adopted a company-with-an-Audit-and-Supervisory-Committee structure and is working to strengthen the audit and oversight of directors’ execution of their duties and improve the effectiveness of internal controls. In addition, outside directors, including directors who are Audit and Supervisory Committee members (hereinafter, “Audit and Supervisory Committee members”), participate in decision-making by the Board of Directors, thereby enhancing management transparency and soundness.」
The company continues its governance structure comprising a company with an Audit and Supervisory Committee, participation by outside directors in decision-making and strengthened internal controls. - FY2016First statedAnnual report
「Pursuant to a resolution at the 88th Annual General Meeting of Shareholders held on 23 June 2015, the company transitioned to a company with an Audit and Supervisory Committee. It is working to strengthen the audit and oversight of directors’ execution of their duties and improve the effectiveness of internal controls.」
The company described its transition to a company with an Audit and Supervisory Committee, the participation of outside directors and rapid decision-making through the delegation of authority.