Strengthening Corporate Governance
First written in FY2016. 5 of 7 entries say "Advanced", first in FY2018. Latest entry: 2026-06-22.
43 other companies' latest entry also says "Advanced".
- 2026-06-22AdvancedGovernance
「<Skills held by the Board of Directors>」
The company presented the skills held by the Board of Directors by field, including corporate management/business strategy, governance/internal control, legal affairs/risk management, finance/accounting, organization/human resources management, social/environmental knowledge, strategic business areas and global experience, providing more specific information on its governance structure. - FY2026AdvancedAnnual report
「During the fiscal year, the Nomination and Compensation Committee met 7 times, and each committee member had an attendance rate of 100%. Its principal matters of consideration were as follows.」
Under a governance framework comprising a company with an Audit and Supervisory Committee and including 5 independent outside directors, the Nomination and Compensation Committee met 7 times during the year, with all members recording a 100% attendance rate. It reviewed the appropriateness of the director compensation rules and submitted recommendations on proposed director appointments. - FY2024AdvancedAnnual report
「The company transitioned to a company with an Audit and Supervisory Committee pursuant to a resolution at the 73rd Annual General Meeting of Shareholders held on 21 June 2024. The Board of Directors comprises 8 directors excluding directors who are Audit and Supervisory Committee members, including 2 outside directors, and 5 directors who are Audit and Supervisory Committee members, including 3 outside directors.」
The company has given concrete form to stronger governance by transitioning to a company with an Audit and Supervisory Committee, establishing a Board comprising directors including 5 Audit and Supervisory Committee members, and establishing a Nomination and Compensation Committee with at least half of its members being independent officers. - FY2020AdvancedAnnual report
「The company will continue to develop the necessary framework and strengthen corporate governance, including by increasing the proportion of independent outside directors.」
The number of outside directors on the Board increased from 3 to 4, giving concrete form to the policy of increasing the proportion of independent outside directors. Strengthening governance is positioned on the premise of evaluating the risks and returns of M&A and other transactions. - FY2019SoftenedAnnual report
「The company assesses that, compared with the progress made in developing the governance framework, including the appointment of multiple independent outside directors, there has been a delay in improving effectiveness, including more focused Board deliberations on the company's medium- to long-term matters and stronger oversight.」
While progress has been made in developing the framework, including the appointment of multiple independent outside directors, the company assesses that the effectiveness of the Board's medium- to long-term deliberations and oversight function is lagging, weakening its assessment of progress against the policy of strengthening governance. - FY2018AdvancedAnnual report
「The V70 Medium-Term Management Plan positions the strengthening of corporate governance as a prerequisite for enhancing business capabilities and improving capital efficiency. The company is focusing on developing its governance framework, including strengthening monitoring and advisory functions through the continued appointment of multiple independent outside directors, introducing an executive compensation system linked to medium- to long-term performance, and clarifying management responsibility for each fiscal year by tightening bonus criteria.」
The company positions stronger governance as a prerequisite for V70 and explains that it is implementing specific measures, including independent outside directors, performance-linked compensation, and stricter bonus criteria. - FY2016First statedAnnual report
「The company will establish the governance framework needed to improve the soundness of management decisions and strengthen oversight, including increasing the number of outside directors, reviewing the composition and functions of the Nomination and Compensation Advisory Committee established in February 2016 in connection with this increase, promoting the separation of oversight and execution functions, and reviewing the Board of Directors Regulations, which specify matters for resolution and reporting by the Board of Directors.」
The company has set out plans to develop its governance framework through outside directors, the Nomination and Compensation Advisory Committee, separation of oversight and execution, and a review of the Board of Directors Regulations.