Ensuring Objectivity in the Operation of Takeover Defense Measures Through an Independent Committee
First written in FY2017-Q2. 1 of 3 entries say "Restated". Latest entry: FY2016.
- FY2016DroppedAnnual report
「At a meeting of the Board of Directors held on 14 February 2017, the Company resolved not to continue and to abolish this policy upon the conclusion of this Annual General Meeting of Shareholders.」
The operating framework for the takeover defense measures, including the Independent Committee, is also positioned as not continuing following the abolition of the policy. - FY2017-Q3RestatedAnnual report
「The Independent Committee shall consist of at least 3 and no more than 6 members. To enable fair and impartial judgments, its members shall be appointed by resolution of the Board of Directors from among outside directors, outside corporate auditors, attorneys, certified public accountants, tax accountants, academic experts, persons well versed in investment banking or the Company's business areas, and outside corporate managers who are independent of the management responsible for the Company's business operations and have no special interests with the Company or such management.」
Reiterates the size of the Independent Committee and the requirements for appointing independent outside members. - FY2017-Q2First statedAnnual report
「The Independent Committee shall consist of at least 3 and no more than 6 members. To enable fair and impartial judgments, its members shall be appointed by resolution of the Board of Directors from among outside directors, outside corporate auditors, attorneys, certified public accountants, tax accountants, academic experts, persons well versed in investment banking or the Company's business areas, and outside corporate managers who are independent of the management responsible for the Company's business operations and have no special interests with the Company or such management.」
Describes a mechanism under which the Independent Committee consists of at least 3 and no more than 6 members, with highly independent outside members appointed.