Board Oversight and Auditing by Independent Outside Officers
First written in FY2017. 6 of 9 entries say "Advanced", first in FY2018. Latest entry: 2026-06-26.
The whole theme swung hardest in 2023: 14 of 103 companies on the "Worse" side.
- FY2025Planned review of the board compositionAnnual report
「The company has proposed, as matters for resolution at the Annual General Meeting of Shareholders scheduled for 26 June 2025, the election of 10 directors excluding directors who are Audit and Supervisory Committee members and the election of 3 directors who are Audit and Supervisory Committee members. If the proposals are approved, the company will have 13 directors, including 5 outside directors.」
The company presented a proposal to change from the current structure of 16 directors, including 6 outside directors, to a structure of 13 directors, including 5 outside directors, after the Annual General Meeting of Shareholders. - FY2023RestatedAnnual report
「The company has established a structure for appropriate oversight of the execution of duties by appointing 6 outside directors, 3 of whom are Audit and Supervisory Committee members, to provide recommendations and advice to the board from objective and diverse perspectives.」
The company continues to maintain an independent oversight and audit structure comprising 6 outside directors, including 3 Audit and Supervisory Committee members. - FY2022AdvancedAnnual report
「The company currently comprises 11 directors excluding directors who are Audit and Supervisory Committee members, and 4 directors who are Audit and Supervisory Committee members. Of the directors, 6 are outside directors, all of whom have been appointed as independent officers.」
Following the change to a company with an Audit and Supervisory Committee, the company describes the operation of the board and the Audit and Supervisory Committee, specifying an oversight and audit structure comprising 6 outside directors and 4 Audit and Supervisory Committee members. - FY2021AdvancedAnnual report
「To strengthen the audit and oversight functions over the execution of duties, further enhance its corporate governance structure, and improve management transparency and objectivity, the company changed from a company with a board of corporate auditors to a company with an Audit and Supervisory Committee pursuant to a resolution at the 41st Annual General Meeting of Shareholders held on 25 June 2021. The board has established a structure for appropriate oversight of the execution of duties by appointing 6 outside directors, 3 of whom are Audit and Supervisory Committee members, thereby obtaining recommendations and advice from objective and diverse perspectives.」
The company changed from a company with a board of corporate auditors to a company with an Audit and Supervisory Committee, and its oversight structure changed to include 6 outside directors. - FY2019AdvancedAnnual report
「In addition, the company has established a voluntary Nomination and Compensation Advisory Committee as an advisory body to the board. More than half of its members are independent outside directors, and an independent outside director serves as chair. The committee deliberates on the nomination and compensation of directors and corporate auditors, establishing a structure for appropriate management oversight.」
The company established a 4-member Nomination and Compensation Advisory Committee, including 2 independent outside directors, adding an oversight function for the nomination and compensation process with an independent outside director as chair. - FY2018AdvancedAnnual report
「The company's board of directors comprises 12 directors, including 2 outside directors. It holds one regularly scheduled board meeting each month and extraordinary meetings whenever necessary, makes important management decisions and supervises the execution of directors' duties. The outside directors have been appointed as independent officers and provide oversight and advice to the board from an independent standpoint while coordinating with the other independent officers.」
The board now comprises 12 directors, including 2 outside directors, and continues to provide oversight and advice through its independent officers. - FY2017First statedAnnual report
「The company's board of directors comprises 11 directors, including 2 outside directors. It holds one regularly scheduled board meeting each month and extraordinary meetings whenever necessary, makes important management decisions and supervises the execution of directors' duties.」
The company specifically describes the oversight and advisory functions of its board, which includes 2 independent outside directors, and its audit structure, which includes outside corporate auditors.