Transition to a Company with an Audit and Supervisory Committee and Strengthening of Oversight Functions
First written in FY2017. 5 of 7 entries say "Advanced", first in FY2019. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「The council was held 10 times in fiscal 2025 and, as an advisory body to the Board of Directors, deliberated on the nomination and dismissal of director candidates, the nomination and dismissal of representative directors, compensation and other matters for directors who are not Audit and Supervisory Committee members, and other important governance and management matters」
The Nomination, Compensation and Other Governance Council was held 10 times to deliberate on succession development policies, compensation and evaluations of Board effectiveness, among other matters. - FY2024AdvancedAnnual report
「The voluntary Nomination, Compensation and Other Governance Council is generally held at least twice a year, and was held 10 times in fiscal 2023. As an advisory body to the Board of Directors, it deliberates on the nomination and dismissal of director candidates, the nomination and dismissal of representative directors, compensation and other matters for directors who are not Audit and Supervisory Committee members, and other important governance and management matters.」
The Nomination, Compensation and Other Governance Council was held 10 times in fiscal 2023 to deliberate on succession planning, executive compensation and sustainability indicators, among other matters. - FY2023AdvancedAnnual report
「The voluntary Nomination, Compensation and Other Governance Council is generally held at least twice a year, and was held 8 times in fiscal 2022. As an advisory body to the Board of Directors, it deliberates on the nomination and dismissal of director candidates, the nomination and dismissal of representative directors, compensation and other matters for directors who are not Audit and Supervisory Committee members, and other important governance and management matters.」
The Nomination, Compensation and Other Governance Council was held 8 times in fiscal 2022, and the scope of its deliberations on nominations, dismissals, compensation and other matters was disclosed. - FY2021AdvancedAnnual report
「The voluntary Nomination, Compensation and Other Governance Council is generally held at least twice a year, and was held 10 times in fiscal 2020. As an advisory body to the Board of Directors, it deliberates on the nomination and dismissal of director candidates, the nomination and dismissal of representative directors, compensation and other matters for directors who are not Audit and Supervisory Committee members.」
In addition to the existing company-with-an-Audit-and-Supervisory-Committee structure and executive officer system, the company held the council, in which independent outside directors hold a majority, 10 times in fiscal 2020 to deliberate on nominations, compensation and other matters. - FY2019AdvancedAnnual report
「To improve the objectivity and transparency of our governance structure, we have established the voluntary Nomination, Compensation and Other Governance Council, with a majority of its members being independent outside directors. In addition, by introducing an executive officer system and delegating authority for business execution to executive officers, we are speeding up decision-making and strengthening business execution functions.」
In addition to being a company with an Audit and Supervisory Committee, the company has established the Nomination, Compensation and Other Governance Council, in which independent outside directors hold a majority, and has expressly delegated authority to executive officers. - FY2018RestatedAnnual report
「Based on a resolution at the 148th Annual General Meeting of Shareholders held on 29 June 2017, we changed to a company with an Audit and Supervisory Committee. By granting voting rights at Board of Directors meetings to directors who are Audit and Supervisory Committee members, including multiple outside directors, we are strengthening the Board's supervisory function, further enhancing our corporate governance structure and working to increase corporate value.」
The annual governance disclosure reconfirms the structure following the transition to a company with an Audit and Supervisory Committee, the granting of voting rights to Audit and Supervisory Committee members and the strengthening of supervisory functions. - FY2017First statedAnnual report
「By granting voting rights at Board of Directors meetings to directors who are Audit and Supervisory Committee members, including multiple outside directors, we are strengthening the Board's supervisory function, further enhancing our corporate governance structure and working to increase corporate value.」
The disclosure describes a structure comprising 6 Audit and Supervisory Committee members, including 4 outside directors, following the transition to a company with an Audit and Supervisory Committee on 29 June 2017.