Strengthening Management through an Audit and Supervisory Committee and an Executive Officer System
First written in FY2016. 4 of 8 entries say "Advanced", first in FY2017. Latest entry: FY2024.
- FY2024ReframedAnnual report
「The Governance Committee changed its name to the Nomination and Remuneration Advisory Committee effective 1 October 2024.」
The former Governance Committee was renamed the Nomination and Remuneration Advisory Committee, and the framework under which it deliberates the appointment and dismissal of directors, remuneration and other matters and submits its recommendations to the Board of Directors continues. - FY2022RestatedAnnual report
「In addition, the company has established a Governance Committee, chaired by an independent outside director, as an advisory body to the Board of Directors on the nomination and remuneration of directors and other matters.」
In addition to the company-with-an-Audit-and-Supervisory-Committee structure and executive officer system, the company continues to maintain an oversight and advisory framework consisting of 4 outside directors and the Governance Committee. - FY2021AdvancedAnnual report
「In addition, the company has appointed 4 outside directors to strengthen the audit and oversight of the legality and appropriateness of directors' business execution and to further enhance corporate governance.」
The company has a structure of 4 outside directors and is strengthening its audit and oversight functions. In addition, the Governance Committee deliberates the appointment and dismissal of directors, remuneration and other matters, and submits its recommendations to the Board of Directors. - FY2020AdvancedAnnual report
「In addition, the company has established a Governance Committee, chaired by an independent outside director, as an advisory body to the Board of Directors on the nomination and remuneration of directors and other matters. The Governance Committee meets as necessary in response to consultations from the Board of Directors, deliberates matters including the appointment and dismissal of directors and director remuneration, and submits its conclusions to the Board of Directors.」
The Governance Committee established in October 2019 moved into the operational phase, deliberating the appointment and dismissal of directors, remuneration and other matters, and submitting its recommendations to the Board of Directors. - FY2019AdvancedAnnual report
「In addition, in October 2019 the company established a Governance Committee, chaired by an independent outside director, as an advisory body to the Board of Directors on the nomination and remuneration of directors and other matters.」
In October 2019, the company established a Governance Committee, chaired by an independent outside director, as an advisory body to the Board of Directors. - FY2018RestatedAnnual report
「To further enhance corporate governance, the company has adopted the company-with-an-Audit-and-Supervisory-Committee system and, through the appointment of executive officers, separates the functions of the Board of Directors, which specializes in management decision-making, and the Executive Officer Committee, which serves as a forum for discussion and communication regarding business execution, and is working to strengthen management by clarifying functions and responsibilities.」
The separation of decision-making and business execution through the company-with-an-Audit-and-Supervisory-Committee structure and executive officer system continues. - FY2017AdvancedAnnual report
「At the 70th annual general meeting of shareholders held on 14 December 2017, the company elected outside directors. As a result, 2 outside directors, excluding outside directors serving as Audit and Supervisory Committee members, and 2 outside directors serving as Audit and Supervisory Committee members took office, respectively.」
Based on the company-with-an-Audit-and-Supervisory-Committee structure and executive officer system, 2 outside directors and 2 outside directors serving as Audit and Supervisory Committee members, respectively, took office. - FY2016First statedAnnual report
「To further enhance corporate governance, the company transitioned to a company with an Audit and Supervisory Committee in December 2015. It has also introduced an executive officer system, separating the functions of the Board of Directors, which specializes in management decision-making, and the Executive Officer Committee, which serves as a forum for discussion and communication regarding business execution, and is working to strengthen management by clarifying functions and responsibilities.」
The company describes strengthening management by transitioning to a company with an Audit and Supervisory Committee and separating the functions of the Board of Directors and the Executive Officer Committee.