Strengthening oversight and audit functions by transitioning to a company with an audit and supervisory committee
First written in FY2016. 2 of 4 entries say "Restated". Latest entry: FY2020.
- FY2020AdvancedAnnual report
「In addition, to strengthen and enhance the audit structure, the 34th Annual General Meeting of Shareholders held on 27 November 2020 approved an increase in the number of directors serving as Audit and Supervisory Committee Members from 3 to 4.」
Increased the number of Audit and Supervisory Committee Members from 3 to 4, thereby implementing specific measures to strengthen the audit and supervisory functions. - FY2018RestatedAnnual report
「Our company has adopted the company-with-an-Audit-and-Supervisory-Committee structure and has appointed 6 directors who are not Audit and Supervisory Committee members, including 1 outside director who is an independent officer, and 3 directors who are Audit and Supervisory Committee members, all of whom are outside directors and independent officers.」
Continued operating under the company-with-an-audit-and-supervisory-committee structure, strengthening the audit and supervisory functions. - FY2017RestatedAnnual report
「Our company has adopted the company-with-an-Audit-and-Supervisory-Committee structure and has appointed 5 directors who are not Audit and Supervisory Committee members, including 1 outside director who is an independent officer, and 3 directors who are Audit and Supervisory Committee members, all of whom are outside directors and independent officers.」
The structure of directors and Audit and Supervisory Committee members has continued to operate since the transition to a company with an Audit and Supervisory Committee. - FY2016First statedAnnual report
「At the Annual General Meeting of Shareholders held on 29 November 2016, a resolution was passed to amend the Articles of Incorporation to transition to a company with an Audit and Supervisory Committee, and the company transitioned from a company with a Board of Corporate Auditors to a company with an Audit and Supervisory Committee on the same date.」
The company transitioned to a structure including 3 outside directors serving as Audit and Supervisory Committee members, with the aim of strengthening the Board of Directors’ oversight and audit functions.