Separation of Oversight and Execution under a Pure Holding Company
First written in FY2016. 6 of 12 entries say "Restated". Latest entry: 2026-07-24.
The whole theme swung hardest in 2023: 1 of 10 companies on the "Worse" side.
8 other companies' latest entry also says "Advanced".
- 2026-07-24AdvancedGovernance
「• Establishment of a new Council of Outside Directors comprising only outside directors」
The company disclosed the establishment of a council aimed at sharing awareness of issues among outside directors and reflecting it in substantive deliberations as part of the evaluation of the Board of Directors' effectiveness. It also described regular monitoring of reforms at 宝塚歌劇団 and discussions by the Nomination and Compensation Committee on the composition of the Board and the CEO succession plan, specifying initiatives for oversight and Board operations. - FY2026AdvancedAnnual report
「The company has proposed, as agenda items for approval at the Ordinary General Meeting of Shareholders scheduled for 18 June 2026, the election of 11 directors excluding directors serving on the Audit and Supervisory Committee and the election of 3 directors serving on the Audit and Supervisory Committee. If these proposals are approved, the Board of Directors will comprise 14 directors, 7 of whom are expected to be independent outside directors.」
Through the director-election proposals submitted to the Ordinary General Meeting of Shareholders, the company has proposed a structure in which 7 of the 14 directors would be independent outside directors. - 2026-05-26AdvancedGeneral Meetings of Shareholders
「To diversify the composition of the Board of Directors and establish a management structure capable of responding rapidly to changes in the business environment, we would like to increase the number of directors by 1 and seek the election of a total of 11 directors.」
A proposal was presented to increase the number of directors from 10 to 11, adding Mutsuko Masuda as an outside and independent director candidate. Yukio Kai was newly nominated as a candidate for director serving as an Audit and Supervisory Committee member, specifying the framework for monitoring, oversight and compliance. - FY2025AdvancedAnnual report
「To strengthen governance, the company integrated the Corporate Governance Committee and the Compensation Committee on 1 April 2025 and established a new Nomination and Compensation Committee to deliberate matters relating to director appointments and compensation.」
The company integrated the Corporate Governance Committee and Compensation Committee, which handled director appointments and compensation, and established a Nomination and Compensation Committee in April 2025, chaired by an outside director. - FY2021AdvancedAnnual report
「To further strengthen its corporate governance structure and enhance corporate value, the company transitioned to a company with an Audit and Supervisory Committee, with the approval of the 182nd Ordinary General Meeting of Shareholders held on 17 June 2020.」
The company transitioned to a company with an Audit and Supervisory Committee, with 5 of its 11 directors designated as independent outside directors and 3 as directors serving on the Audit and Supervisory Committee. - FY2019RestatedAnnual report
「The group has adopted a pure holding company structure. Business execution is handled basically by the group companies under the holding company, while the holding company focuses primarily on overseeing and supervising the group as a whole, thereby separating oversight and supervisory functions from execution functions.」
The company continues to separate oversight and supervision by the pure holding company from business execution by its subsidiaries. It also describes controls including prior approval of plans for each core business, prior approval of major investments, and progress reports. - FY2018-Q3RestatedAnnual report
「Under the pure holding company, the group is conducting its business with 6 business areas designated as core businesses, centered on 5 core companies.」
The company has reaffirmed the group structure under which 5 core companies and 6 core businesses operate beneath the pure holding company. - FY2018-Q2RestatedAnnual report
「Under the pure holding company, the group is conducting its business with 6 business areas designated as core businesses, centered on 5 core companies.」
The company has reaffirmed the group structure under which 5 core companies and 6 core businesses operate beneath the pure holding company. - FY2018-Q1RestatedAnnual report
「Under the pure holding company, the group is conducting its business with 6 business areas designated as core businesses, centered on 5 core companies.」
The company has reaffirmed the group structure under which core companies and core businesses operate beneath the pure holding company. - FY2017RestatedAnnual report
「The group has adopted a pure holding company structure. Business execution is handled basically by the group companies under the holding company, while the holding company focuses primarily on overseeing and supervising the group as a whole, thereby separating oversight and supervisory functions from execution functions.」
The company has reconfirmed in detail the separation between oversight and supervision by the pure holding company and business execution by its subsidiaries. - FY2017-Q3RestatedAnnual report
「Under the pure holding company, the group is conducting its business with 6 business areas designated as core businesses, centered on 5 core companies.」
The company has reaffirmed the group structure under which 5 core companies and 6 core businesses operate beneath the pure holding company. - FY2016First statedAnnual report
「The group has adopted a pure holding company structure. Business execution is handled basically by the group companies under the holding company, while the holding company focuses primarily on overseeing and supervising the group as a whole, thereby separating oversight and supervisory functions from execution functions.」
The company describes a structure for overseeing and supervising group companies through the Board of Directors, Group Management Committee, Corporate Governance Committee, outside directors and outside corporate auditors. Of the 14 directors, 2 are outside directors, and of the 5 corporate auditors, 3 are outside corporate auditors.