A governance structure balancing rapid decision-making and external oversight
First written in FY2016. 2 of 7 entries say "Restated". Latest entry: FY2025.
21 other companies' latest entry also says "Other".
- FY2025Changes to the composition of the Board of Directors and outside directorsAnnual report
「The board of directors comprises 10 members and holds regular meetings once a month as well as extraordinary meetings. As the Company’s decision-making body for management, it deliberates and decides on matters required by law, matters prescribed in the Articles of Incorporation and matters delegated by the general meeting of shareholders, and decides or approves basic management policies and important matters relating to business execution, while supervising the performance of directors’ duties. 2 of the directors who are not audit and supervisory committee members were appointed from outside the Company.」
Following the transition to a company with an audit and supervisory committee, the Company discloses a structure comprising 10 directors, 4 audit and supervisory committee members and 5 outside directors. - FY2024Transition to a company with an audit and supervisory committee and an increase in the proportion of outside directorsAnnual report
「Pursuant to a resolution of the 39th Annual General Meeting of Shareholders held on 22 June 2023, the Company transitioned from a company with a board of corporate auditors to a company with an audit and supervisory committee, in which outside directors constitute a majority, in order to further enhance corporate governance by strengthening the supervisory function of the board of directors. The Company has established an oversight structure centered on the board of directors’ supervision of business execution and responsibility for important decisions, together with internal management oversight by the audit and supervisory committee.」
The Company transitioned from a company with a board of corporate auditors to a company with an audit and supervisory committee. Of the 14 directors, 7 are outside directors, and 3 of the 4 members of the audit and supervisory committee are outside directors. - FY2022Change in Board CompositionAnnual report
「Of the 10 current directors, 4 are outside directors, and of the 4 corporate auditors, 3 are outside corporate auditors. In addition, 3 outside directors and 3 outside corporate auditors have been designated as independent officers.」
The composition changed from 9 directors, including 3 outside directors, to 10 directors, including 4 outside directors. There are 4 corporate auditors, including 3 outside corporate auditors. - FY2020RestatedAnnual report
「The Company has adopted a corporate governance structure consisting of a board of directors, a board of corporate auditors and an accounting auditor. The board of directors comprises 9 members and holds regular meetings once a month as well as extraordinary meetings, making decisions on important management matters and mutually supervising the execution of duties by each director. 3 of the directors were appointed from outside the Company, and the Company strives to ensure management transparency and fairness.」
The Company continues to operate a structure comprising 9 directors, 3 outside directors, and regular and extraordinary board meetings for prompt decision-making and external oversight. - FY2019Change in Board CompositionAnnual report
「The Company has adopted a corporate governance structure consisting of a board of directors, a board of corporate auditors and an accounting auditor. The board of directors comprises 9 members and holds regular meetings once a month as well as extraordinary meetings, making decisions on important management matters and mutually supervising the execution of duties by each director. 3 of the directors were appointed from outside the Company, and the Company strives to ensure management transparency and fairness.」
The Company continues to operate under a structure comprising the board of directors, the board of corporate auditors and an accounting auditor, with 9 directors, including 3 outside directors. - FY2017RestatedAnnual report
「The Company has adopted a corporate governance structure comprising the Board of Directors, the Board of Corporate Auditors and an accounting auditor. The Board of Directors comprises 10 members and holds regular meetings once a month as well as extraordinary meetings, making decisions on important management matters and mutually supervising the execution of duties by each director.」
The Company has continued its structure comprising the Board of Directors, the Board of Corporate Auditors and an accounting auditor, and disclosed its operation, including 10 directors, outside officers and monthly Board of Directors meetings. - FY2016First statedAnnual report
「The Company has adopted a corporate governance structure comprising the Board of Directors, the Board of Corporate Auditors and an accounting auditor.」
The Company has adopted a corporate governance structure comprising the Board of Directors, the Board of Corporate Auditors and an accounting auditor.