Neutral and Objective Oversight and Auditing by Outside Officers
First written in FY2018. 1 of 2 entries say "Advanced", first in FY2020. Latest entry: FY2020.
The whole theme swung hardest in 2023: 13 of 105 companies on the "Worse" side.
- FY2020AdvancedAnnual report
「The Board of Directors consists of 8 directors, including 3 outside directors, with the chairperson or president as chair (as of the date of submission of the annual securities report), and the Board of Corporate Auditors consists of 4 corporate auditors, including 2 outside corporate auditors.」
It describes an external oversight and auditing system comprising a Board of Directors with 3 outside directors and a Board of Corporate Auditors including 2 outside corporate auditors. - FY2018First statedAnnual report
「The company has established a system under which outside directors and outside corporate auditors can fully perform independent and objective oversight or auditing functions from outside the company, including by expressing their views to ensure the validity and appropriateness of decision-making by the Board of Directors.」
It describes an independent system that appoints 2 outside directors and 2 outside corporate auditors to provide external oversight and auditing.