Strengthening the Board’s Oversight Function Through Transition to a Company with an Audit and Supervisory Committee
First written in FY2017. 3 of 9 entries say "Restated". Latest entry: FY2026.
- FY2026A five-member Audit and Supervisory Committee is plannedAnnual report
「If this proposal is approved, there will be 5 Audit and Supervisory Committee members, including 4 outside directors serving as Audit and Supervisory Committee members.」
The Company maintains its structure as a company with an Audit and Supervisory Committee and has disclosed plans to increase the number of Audit and Supervisory Committee members from 4 to 5 after the annual general meeting of shareholders, including an increase in outside members from 3 to 4. - 2026-05-01AdvancedGeneral Meetings of Shareholders
「At the conclusion of this General Meeting, Shigeru Ohno, a director serving as an Audit and Supervisory Committee member, will resign, and Katsuhiko Aoki’s term of office will expire. To strengthen governance, we will increase the number of members by 1 and propose the election of 3 directors serving as Audit and Supervisory Committee members.」
In addition to changes among the Audit and Supervisory Committee members, the Company proposed increasing the number of members by 1 to strengthen governance and electing 3 candidates, including 2 outside and independent candidates. - FY2023Board of Directors composition changed to an 8-member structureAnnual report
「The Company’s Board of Directors consists of 4 directors, excluding directors serving as Audit and Supervisory Committee members, and 4 directors serving as Audit and Supervisory Committee members, 3 of whom are outside directors. The Board of Directors is positioned as the Company’s highest decision-making body for business execution.」
The Company maintains its structure as a company with an Audit and Supervisory Committee. The number of directors other than Audit and Supervisory Committee members changed from 6 to 4, and the number of Audit and Supervisory Committee members changed from 5 to 4, resulting in an 8-member structure overall. - FY2022RestatedAnnual report
「The Company’s Board of Directors consists of 6 directors, excluding directors serving as Audit and Supervisory Committee members, and 5 directors serving as Audit and Supervisory Committee members, 4 of whom are outside directors」
The Company maintains its structure as a company with an Audit and Supervisory Committee, with 4 of its 5 Audit and Supervisory Committee members being outside directors. - FY2021The number of directors other than those serving as Audit and Supervisory Committee members changed from 7 to 6Annual report
「The Company’s Board of Directors consists of 6 directors, excluding directors serving as Audit and Supervisory Committee members, and 5 directors serving as Audit and Supervisory Committee members, 4 of whom are outside directors」
The Company maintains its structure as a company with an Audit and Supervisory Committee, while the number of directors other than Audit and Supervisory Committee members changed from 7 in the previous fiscal year to 6. - FY2020AdvancedAnnual report
「The Company’s Board of Directors consists of 7 directors, excluding directors serving as Audit and Supervisory Committee members, and 5 directors serving as Audit and Supervisory Committee members, 4 of whom are outside directors. The Board of Directors is positioned as the Company’s highest decision-making body for business execution.」
The Company continues as a company with an Audit and Supervisory Committee, with 5 Audit and Supervisory Committee members, 4 of whom are outside directors. - FY2019RestatedAnnual report
「At the annual general meeting of shareholders held on 25 May 2017, the Company’s articles of incorporation were amended by resolution, and the Company changed on the same date from a company with a Board of Corporate Auditors to a company with an Audit and Supervisory Committee. The purpose of this change was to strengthen the Board of Directors’ supervisory function by granting directors serving as Audit and Supervisory Committee members voting rights at Board of Directors meetings, thereby further enhancing corporate governance and increasing corporate value.」
The Company continues as a company with an Audit and Supervisory Committee, with 3 of its 4 Audit and Supervisory Committee members being outside directors. - FY2018RestatedAnnual report
「At the annual general meeting of shareholders held on 25 May 2017, the Company’s articles of incorporation were amended by resolution, and the Company changed on the same date from a company with a Board of Corporate Auditors to a company with an Audit and Supervisory Committee. The purpose of this change was to strengthen the Board of Directors’ supervisory function by granting directors serving as Audit and Supervisory Committee members voting rights at Board of Directors meetings, thereby further enhancing corporate governance and increasing corporate value. Following the change, there are 4 directors serving as Audit and Supervisory Committee members, 3 of whom are outside directors.」
The post-transition structure as a company with an Audit and Supervisory Committee has been reaffirmed, with 4 Audit and Supervisory Committee members, 3 of whom are outside directors. - FY2017First statedAnnual report
「At the annual general meeting of shareholders held on 25 May 2017, the Company’s articles of incorporation were amended by resolution, and the Company changed on the same date from a company with a Board of Corporate Auditors to a company with an Audit and Supervisory Committee. The purpose of this change was to strengthen the Board of Directors’ supervisory function by granting directors serving as Audit and Supervisory Committee members voting rights at Board of Directors meetings, thereby further enhancing corporate governance and increasing corporate value. Following the change, there are 4 directors serving as Audit and Supervisory Committee members, 3 of whom are outside directors.」
The Company changed to a company with an Audit and Supervisory Committee and adopted a structure granting Audit and Supervisory Committee members voting rights at Board of Directors meetings. 3 of the 4 Audit and Supervisory Committee members are outside directors.