Strengthening Transparency and Oversight through Outside Directors and Internal Control
First written in FY2016. 5 of 11 entries say "Advanced", first in FY2020. Latest entry: 2026-05-28.
- FY2024AdvancedAnnual report
「By delegating authority to decide on important matters concerning the execution of business operations to executive directors, the Company will expedite decision-making. At the same time, the board will focus its deliberations on matters that contribute to enhancing corporate value, including medium- to long-term management strategy, allocation of management resources, the business portfolio, sustainability and responses to material risks, thereby seeking to improve the effectiveness of the board.」
Following the transition to a company with an audit and supervisory committee, the Company has specified the delegation of authority for business execution and the board's focused deliberations, and has presented a framework in which 6 of the 12 directors are independent outside directors. - FY2023ReframedAnnual report
「The Company changed to a company with an audit and supervisory committee following the approval at the annual general meeting held on 21 June 2023 of amendments to the Articles of Incorporation providing for the transition.」
The Company changed its organisational design from a company with an audit & supervisory board to a company with an audit and supervisory committee, establishing a framework aimed at expediting business execution, focusing the board's deliberations and strengthening audit and monitoring functions. - FY2021AdvancedAnnual report
「To secure appropriate personnel and prevent undue inhibition in the performance of duties, the Company entered into directors and officers liability insurance in February of this year.」
In addition to an oversight framework comprising 3 outside directors and 2 outside audit & supervisory board members, the Company introduced directors and officers liability insurance in February 2021, thereby establishing its governance framework. - FY2020AdvancedAnnual report
「The Company will strive to establish an effective corporate governance framework that strengthens the board's oversight function. This includes appointing an outside director as chair of the Nomination and Compensation Advisory Committee, an advisory body to the board, conducting activities through the Governance Enhancement Committee to monitor internal control functions, and establishing a Management Committee to ensure the appropriate execution of business operations based on agile decision-making.」
The Company has established a specific oversight and execution framework including the Nomination and Compensation Advisory Committee, chaired by an outside director, the Governance Enhancement Committee and the Management Committee. - FY2019Board expanded to 8 directorsAnnual report
「The board of directors consists of 8 directors, including 3 highly independent outside directors. The chair of the board of directors serves as board chair, and the board makes resolutions on statutory matters, formulates important management policies and strategies, and oversees the execution of business operations.」
The Company has maintained 3 outside directors while changing the number of board members from 9 to 8. - FY2018The Board of Directors changed to a 9-member structureAnnual report
「The board of directors consists of 9 directors, including 3 highly independent outside directors, and makes resolutions on statutory matters, formulates important management policies and strategies, and oversees the execution of business operations.」
The Company has maintained 3 outside directors while changing the number of board members from 11 to 9. - FY2017Change in the number of Board of Directors membersAnnual report
「The board of directors consists of 11 directors, including 3 highly independent outside directors, and makes resolutions on statutory matters, formulates important management policies and strategies, and oversees the execution of business operations.」
The Company has maintained an oversight framework including 3 outside directors, while reducing the number of board members from the 12 previously disclosed to 11. - FY2016First statedAnnual report
「The Company is a company with an audit & supervisory board. The board of directors consists of 12 directors, including 3 highly independent outside directors, and makes resolutions on statutory matters, formulates important management policies and strategies, and oversees the execution of business operations.」
The Company describes its oversight and control framework, including outside directors, the audit & supervisory board, the Internal Control Committee, the Compliance Committee and the Internal Audit Office.