Strengthening the Oversight Function at Companies with an Audit and Supervisory Committee
First written in FY2017. 3 of 8 entries say "Restated". Latest entry: FY2025.
- FY2025Change to a structure of 7 directorsAnnual report
「The Board of Directors consists of 4 directors excluding directors who are Audit and Supervisory Committee members and 3 directors who are Audit and Supervisory Committee members, including 2 outside directors.」
The company-with-an-Audit-and-Supervisory-Committee structure remains in place, while the Board of Directors is described as consisting of 7 members in total: 4 executive directors and 3 Audit and Supervisory Committee members, including 2 outside directors. - FY2024AdvancedAnnual report
「The Company has established a Board of Directors and an Audit and Supervisory Committee as its basic corporate governance structure. The Board of Directors consists of 6 directors excluding directors who are Audit and Supervisory Committee members, including 1 outside director, and 3 directors who are Audit and Supervisory Committee members, including 2 outside directors.」
The transition back to a company with an Audit and Supervisory Committee, resolved in FY2022, is presented in the annual report as an operating structure comprising a Board of Directors and an Audit and Supervisory Committee. - FY2022ReframedAnnual report
「A resolution was passed at the 30th Annual General Meeting of Shareholders held on 27 June 2022 to review the structure and change the governance structure to a company with an Audit and Supervisory Committee.」
A resolution was passed to change the governance structure again from a company with a Board of Corporate Auditors to a company with an Audit and Supervisory Committee, with a policy of appointing attorneys and certified public accountants as outside Audit and Supervisory Committee members. - FY2021RestatedAnnual report
「The Company has established a Board of Directors and a Board of Corporate Auditors as its basic corporate governance structure. The Board of Directors consists of 5 directors, including 2 outside directors. There are 3 corporate auditors, consisting of 1 full-time and 2 part-time auditors, 2 of whom are outside corporate auditors.」
As a company with a Board of Corporate Auditors, the oversight structure, including outside directors and outside corporate auditors, remains in place. - FY2020ReframedAnnual report
「Following a resolution at the extraordinary general meeting of shareholders held on 29 October 2019, the Company's governance structure changed from a company with an Audit and Supervisory Committee to a company with a Board of Corporate Auditors.」
The governance structure changed from a company with an Audit and Supervisory Committee to a company with a Board of Corporate Auditors, and an audit system including outside corporate auditors was presented. - FY2019RestatedAnnual report
「The Company adopted a company-with-an-Audit-and-Supervisory-Committee structure in order to strengthen the Board of Directors' oversight function and further enhance corporate governance by appointing directors who are Audit and Supervisory Committee members, including multiple outside directors.」
The policy of strengthening oversight through a company-with-an-Audit-and-Supervisory-Committee structure is reiterated together with details of internal audits and internal controls. - FY2018RestatedAnnual report
「The Company adopted a company-with-an-Audit-and-Supervisory-Committee structure in order to strengthen the Board of Directors' oversight function and further enhance corporate governance by appointing directors who are Audit and Supervisory Committee members, including multiple outside directors.」
The policy of strengthening oversight through a company-with-an-Audit-and-Supervisory-Committee structure is reiterated together with details of the internal audit and internal control systems. - FY2017First statedAnnual report
「The Company adopted a company-with-an-Audit-and-Supervisory-Committee structure in order to strengthen the Board of Directors' oversight function and further enhance corporate governance by appointing directors who are Audit and Supervisory Committee members, including multiple outside directors.」
A policy of strengthening the Board of Directors' oversight function through a company-with-an-Audit-and-Supervisory-Committee structure, including multiple outside directors, is presented.