Oversight by outside officers and delegation of authority under the executive officer system
First written in FY2016. 5 of 7 entries say "Restated". Latest entry: FY2026.
- FY2026RestatedAnnual report
「The Company has adopted an audit and supervisory committee system and is monitored and supervised by the statutory bodies, namely the Board of Directors and the audit and supervisory committee.」
The governance structure, including the company-with-an-audit-and-supervisory-committee system, monitoring by 3 outside directors and delegated authority to executive officers, remains in place. - FY2022ReframedAnnual report
「Pursuant to a resolution passed at the 65th Annual General Meeting of Shareholders held on 23 June 2022, the Company changed from a company with a board of corporate auditors to a company with an audit and supervisory committee. The purpose of the transition was to strengthen the supervisory function of the Board of Directors and further enhance the corporate governance system by making directors who serve as audit and supervisory committee members, responsible for auditing the execution of directors’ duties and related matters, members of the Board of Directors.」
The Company changed from the former company-with-a-board-of-corporate-auditors structure to a company with an audit and supervisory committee, adopting a governance structure in which audit and supervisory committee members serve as members of the Board of Directors. - FY2021RestatedAnnual report
「From the standpoint of external oversight, the Company has 3 outside officers, consisting of 1 outside director and 2 outside corporate auditors designated as independent officers, who provide monitoring and auditing. The Company also audits the directors’ execution of their duties, and we believe that an effective system is in place to oversee management.」
The monitoring and auditing system consisting of 1 outside director and 2 outside corporate auditors continues. - FY2020RestatedAnnual report
「From the standpoint of external oversight, the Company audits the directors’ execution of their duties at meetings of the Board of Directors under the objective and neutral oversight of 1 outside director and 2 outside corporate auditors designated as independent officers. We believe that an effective system is in place to oversee management.」
The Company continues to maintain a monitoring and auditing system consisting of 1 outside director and 2 outside corporate auditors designated as independent officers. - FY2019RestatedAnnual report
「From the standpoint of external oversight, the Company audits the directors’ execution of their duties at meetings of the Board of Directors under the objective and neutral oversight of 1 outside director and 2 outside corporate auditors designated as independent officers. We believe that an effective system is in place to oversee management.」
The monitoring and auditing system consisting of 1 outside director and 2 outside corporate auditors remains in place, with all 3 designated as independent officers. - FY2018RestatedAnnual report
「From the standpoint of external oversight, the Company has 3 outside officers, consisting of 1 outside director and 2 outside corporate auditors, who provide monitoring and auditing. The Board of Directors also audits the directors’ execution of their duties, and we believe that an effective system is in place to oversee management. In addition, the Company has adopted an executive officer system. By clarifying the respective areas of responsibility of directors and executive officers, the Company seeks to invigorate the Board of Directors, delegate authority to executive officers and achieve efficient management.」
Monitoring by outside directors and outside corporate auditors, together with clearly defined areas of responsibility and delegated authority under the executive officer system, remains in place. - FY2016First statedAnnual report
「Oversight and auditing are conducted by 3 outside officers, comprising 1 outside director and 2 outside audit & supervisory board members, and the Board of Directors audits the directors' execution of their duties. The company also has an executive officer system. By clarifying the respective areas of responsibility of directors and executive officers, the company aims to invigorate the Board of Directors, delegate authority to executive officers, and achieve efficient management.」
The governance framework includes oversight by 1 outside director and 2 outside audit & supervisory board members, as well as clarification of responsibilities and delegation of authority under the executive officer system.