Separation of Decision-Making and Business Execution through an Executive Officer System
First written in FY2016. 6 of 7 entries say "Restated". Latest entry: FY2025.
- FY2025RestatedAnnual report
「To clarify responsibility for business execution, the number of directors is limited to 15, and an executive officer system has been introduced with substantial delegation of authority.」
The company continues to maintain a system that separates decision-making and oversight by the Board from business execution by executive officers. - FY2023RestatedAnnual report
「As the highest decision-making body for management, the Board resolves matters stipulated by laws and regulations and the Articles of Incorporation, as well as important business matters. To clarify responsibility for business execution, the number of directors is limited to 15, and an executive officer system has been introduced with substantial delegation of authority.」
Continuing to separate decision-making from business execution between the Board of Directors and executive officers. - FY2022RestatedAnnual report
「As the highest decision-making body for management, the Board resolves matters stipulated by laws and regulations and the Articles of Incorporation, as well as important business matters. To clarify responsibility for business execution, the number of directors is limited to 15, and an executive officer system has been introduced with substantial delegation of authority.」
Continuing to separate decision-making from business execution between the Board of Directors and executive officers. - FY2021RestatedAnnual report
「As the highest decision-making body for management, the Board resolves matters stipulated by laws and regulations and the Articles of Incorporation, as well as important business matters. To clarify responsibility for business execution, the number of directors is limited to 15, and an executive officer system has been introduced with substantial delegation of authority.」
Continuing to separate decision-making from business execution between the Board of Directors and executive officers. - FY2020RestatedAnnual report
「As the highest decision-making body for management, the Board resolves matters stipulated by laws and regulations and the Articles of Incorporation, as well as important business matters. To clarify responsibility for business execution, the number of directors is limited to 15, and an executive officer system has been introduced with substantial delegation of authority.」
The company continues to maintain a system that separates the Board's decision-making and oversight from business execution by executive officers. - FY2017RestatedAnnual report
「The company has introduced an executive officer system to further invigorate the Board of Directors, clearly separate the Board's decision-making and oversight of business execution from the business divisions' execution functions, and improve management efficiency.」
The executive officer system, intended to delegate authority from the Board of Directors and clarify responsibility for business execution, continues. - FY2016First statedAnnual report
「The company has introduced an executive officer system to further invigorate the Board of Directors, clearly separate the Board's decision-making and oversight of business execution from the business divisions' execution functions, and improve management efficiency.」
The purpose is to delegate authority from the Board of Directors and clarify responsibility for business execution.