Enhancing Corporate Governance, Including Collaboration Among Outside Officers and Audit Functions
First written in FY2017. 5 of 7 entries say "Advanced", first in FY2019. Latest entry: FY2026.
The whole theme swung hardest in 2023: 3 of 24 companies on the "Worse" side.
17 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「To achieve sustainable growth and enhance corporate value over the medium to long term, the bank actively pursued initiatives including the introduction of a succession plan and IR and SR activities to strengthen stakeholder engagement.」
Governance initiatives progressed to the introduction of a succession plan, IR and SR activities, the formulation of values and measures concerning the evaluation of Board effectiveness. - FY2025AdvancedAnnual report
「The specific matters considered by the Board of Directors were as follows: a. the formulation of a new long-term vision and values; b. the formulation of the medium-term management plan, Value Creation Company～1st Stage; c. the establishment of the company やまなし地域デザイン株式会社 to conduct advanced banking activities and other business; d. the formulation of a Human Rights Policy and a Diversity, Equity & Inclusion Policy toward the advancement of sustainability management; and e. the formulation of a Customer Harassment Response Policy.」
The Board of Directors specifically considered a long-term vision and medium-term plan, new companies, human rights and DE&I policies, and a Customer Harassment Response Policy. - FY2024AdvancedAnnual report
「The specific matters considered by the Board of Directors were as follows: a. the status of compliance with the Corporate Governance Code; b. enhancement of climate-related disclosures toward the realization of sustainability management; c. human capital management and disclosure; d. the establishment of the investment advisory subsidiary やまなし未来インベストメント株式会社; and e. the introduction of a third-party assessment in the evaluation of the effectiveness of the Board of Directors.」
As part of efforts to enhance governance, the introduction of a third-party assessment in the evaluation of Board effectiveness was added as a specific matter for consideration. - FY2020AdvancedAnnual report
「Of the directors, 3 outside directors participate in Board meetings from an independent position separate from business execution, thereby strengthening the Board's management oversight function.」
The number of outside directors increased from 2 to 3, and the disclosure described the strengthening of the Board's oversight function. - FY2019AdvancedAnnual report
「The bank has established a Nomination and Compensation Advisory Committee as an optional advisory body to the Board of Directors, with the aim of ensuring greater fairness, transparency and objectivity in decision-making processes concerning the appointment and dismissal of executive management, meaning executive managing directors and above, and the nomination and compensation of directors.」
In April 2019, the bank established a Nomination and Compensation Advisory Committee, including outside directors, adding a framework to enhance the fairness, transparency and objectivity of the nomination and compensation decision-making process. - FY2018RestatedAnnual report
「As of the filing date of the annual securities report, the bank's Board of Directors comprised 14 directors. It decides the bank's management policies and other important matters and supervises the execution of duties by the directors. Of these directors, 2 outside directors participate in Board meetings from an independent position separate from business execution, thereby strengthening the Board's management oversight function.」
The governance policy involving 2 outside directors, 3 outside corporate auditors, and cooperation among internal audit, corporate auditors and the accounting auditor remains in place. - FY2017First statedAnnual report
「As a bank, we will work to enhance corporate governance by establishing the trust of a wide range of stakeholders, including the local community, customers, shareholders and employees, through the maintenance of sound management and management transparency under our social responsibility and public mission, while contributing to the prosperity of the local community and economic development. To this end, we will establish a stronger organizational structure and internal control systems, maintain high ethical standards among all officers and employees, and actively disclose corporate information.」
The bank has established a framework to enhance the effectiveness of management oversight and audits through 2 outside directors, 3 outside corporate auditors, and cooperation among the internal audit department, corporate auditors and accounting auditor.