Strengthening Oversight Functions and Business Execution Through the Transition to a Company with an Audit and Supervisory Committee
First written in FY2019. 1 of 2 entries say "Achieved", first in FY2020. Latest entry: FY2020.
- FY2020AchievedAnnual report
「For the purposes of strengthening corporate governance and improving the agility of business execution, the Company transitioned from a company with a Board of Corporate Auditors to a company with an Audit and Supervisory Committee pursuant to a resolution at the annual general meeting of shareholders held on 19 December 2019.」
The transition to a company with an Audit and Supervisory Committee was implemented, and the structure comprising an Audit and Supervisory Committee with 4 outside directors and the delegation of business execution authority from the Board of Directors entered the operational phase. - FY2019First statedAnnual report
「For the purposes of strengthening corporate governance and improving the agility of business execution, the Company transitioned from a company with a Board of Corporate Auditors to a company with an Audit and Supervisory Committee pursuant to a resolution at the annual general meeting of shareholders held on 19 December 2019.」
The Company transitioned to a company with an Audit and Supervisory Committee, granting the outside directors who comprise the committee voting rights at Board of Directors meetings and introducing a structure designed to accelerate decision-making by delegating authority for important business execution.