Separation of Oversight and Execution; Improving Transparency through Outside Directors and Officers
First written in FY2016. 7 of 17 entries say "Advanced", first in FY2017. Latest entry: 2026-08-10.
- FY2026AchievedAnnual report
「As of 17 June 2026, the Board of Directors comprises 12 directors, including 6 outside directors. The company has appointed the 6 outside directors to ensure transparency in decision-making and invigorate the Board of Directors.」
The company disclosed the structure of 12 directors, including 6 outside directors, previously presented as the proposed post-Annual General Meeting structure, as the actual structure as of 17 June 2026. - 2026-05-25RestatedGeneral Meetings of Shareholders
「As a company with an Audit and Supervisory Committee, our corporate governance structure includes an Audit and Supervisory Committee composed predominantly of independent outside directors, among other measures, and our oversight functions are operating effectively.」
The company reconfirmed its governance structure, including its status as a company with an Audit and Supervisory Committee, oversight by independent outside directors, and the nomination and compensation committees. - FY2025Planned change in Board compositionAnnual report
「As agenda items for the Annual General Meeting of Shareholders scheduled for 25 June 2025, the company has proposed the election of 8 directors, excluding directors who are Audit and Supervisory Committee members, and 4 directors who are Audit and Supervisory Committee members. If these proposals are approved, the composition of the Board of Directors will be as follows.」
As of the filing date, 4 of the 10 directors are outside directors, but the company presented a proposed structure of 12 directors, including 6 outside directors, after the Annual General Meeting of Shareholders. - FY2024Change in board compositionAnnual report
「The Board of Directors comprises 10 directors. Matters for resolution are prescribed by laws and regulations, the articles of incorporation or the Board of Directors Rules, and the Board deliberates and resolves important matters concerning business execution and management, as well as basic policies. The company has appointed 4 outside directors out of 10 directors to ensure transparency in decision-making and invigorate the Board of Directors.」
The company discloses a structure of 10 directors, including 4 outside directors, changed from the most recently disclosed structure of 11 directors, including 5 outside directors. - FY2024-Q1AdvancedAnnual report
「July 2023 Outside Director of the Company (current position)」
Credit Saison's Representative Director and Executive Vice President, Takahashi Naoki (髙橋 直樹), became an outside director of the company effective 3 July 2023. - FY2023AdvancedAnnual report
「The Board of Directors comprises 11 directors. Matters for resolution are prescribed by laws and regulations, the articles of incorporation or the Board of Directors Rules, and the Board deliberates and resolves important matters concerning business execution and management, as well as basic policies. The company has appointed 5 outside directors out of 11 directors to ensure transparency in decision-making and invigorate the Board of Directors.」
The Board structure changed from 4 outside directors among 10 directors to 5 outside directors among 11 directors. The company continues to maintain an oversight and execution framework combining the Audit and Supervisory Committee, Nomination and Compensation Committee, and Executive Committee. - FY2022RestatedAnnual report
「The Board of Directors comprises 10 directors. Matters for resolution are prescribed by laws and regulations, the articles of incorporation or the Board of Directors Rules, and the Board deliberates and resolves important matters concerning business execution and management, as well as basic policies. The company has appointed 4 outside directors out of 10 directors to ensure transparency in decision-making and invigorate the Board of Directors.」
The company continues to maintain 4 outside directors among 10 directors, a company structure with an Audit and Supervisory Committee, and separation of oversight and execution through the executive officer system. - FY2021Change in board compositionAnnual report
「The Board of Directors comprises 10 directors. Matters for resolution are prescribed by laws and regulations, the articles of incorporation or the Board of Directors Rules, and the Board makes decisions on important matters, including the establishment, revision and abolition of basic management policies and important rules. The company has appointed 4 outside directors out of 10 directors to ensure transparency in decision-making and invigorate the Board of Directors.」
The structure changed from 7 outside directors among 13 directors, as disclosed previously, to 4 outside directors among 10 directors. Meanwhile, the Audit and Supervisory Committee comprises 4 members, including 3 outside directors. - FY2020AdvancedAnnual report
「The Board of Directors comprises 13 directors. Matters for resolution are prescribed by laws and regulations, the articles of incorporation or the Board of Directors Rules, and the Board makes decisions on important matters, including the establishment, revision and abolition of basic management policies and important rules. The company has appointed 7 outside directors out of 13 directors to ensure transparency in decision-making and invigorate the Board of Directors.」
The company changed from a structure with 4 outside directors among 7 directors to one with 7 outside directors among 13 directors, combining an Audit and Supervisory Committee, Corporate Culture Reform Committee, and Nomination and Compensation Committee, among others. - FY2019AdvancedAnnual report
「Following this review, the company changed from a company with a board of company auditors to a company with an Audit and Supervisory Committee, pursuant to a resolution at the 208th Annual General Meeting of Shareholders held on 26 June 2019, in order to enhance management transparency and objectivity and further strengthen corporate governance through a stronger oversight framework.」
The company changed from a company with a board of company auditors to a company with an Audit and Supervisory Committee, and disclosed a structure with 4 outside directors among 7 directors. - FY2019-Q3RestatedAnnual report
「・Rebuilding of the governance framework」
The company reiterates rebuilding the governance framework as an item in its business improvement plan. - FY2019-Q2AdvancedAnnual report
「・Clarification of management accountability ・Rebuilding of the governance framework」
The company expressly identifies clarifying management accountability and rebuilding the governance framework as the key elements of its response to the administrative sanctions. - FY2018AdvancedAnnual report
「The company has appointed 4 outside directors out of 11 directors to ensure transparency in decision-making and invigorate the Board of Directors.」
The number of outside directors changed from 3 to 4, resulting in 4 outside directors among the 11 directors. - FY2017AdvancedAnnual report
「The company has appointed 3 outside directors out of 11 directors to ensure transparency in decision-making and invigorate the Board of Directors.」
The company specifically discloses a structure with 3 outside directors among 11 directors, consistent with its policy of having multiple outside directors. - FY2016First statedAnnual report
「The company has adopted an executive officer system to separate the oversight and execution functions of management and improve management efficiency. It has also appointed multiple outside directors to invigorate the Board of Directors and enhance management transparency, thereby establishing a management structure capable of responding flexibly and nimbly to changes in the business environment and other factors.」
The disclosure describes the executive officer system and multiple outside directors as mechanisms to improve efficiency, transparency and agility.