Separation of business execution and oversight and clarification of executive authority
First written in FY2016. 6 of 10 entries say "Advanced", first in FY2018. Latest entry: 2026-07-01.
- 2026-07-01AdvancedGovernance
「The Company's Board of Directors assessed that a high level of effectiveness was ensured for the Board as a whole.」
The disclosure provides more detail on the Board effectiveness assessment, including an evaluation by an external organization, off-site meetings, and progress in discussions on strategic themes, nominations and compensation. - FY2026AdvancedAnnual report
「The Board of Directors is chaired by Representative Director and President Koga Hirofumi (古賀博文) and comprises, in addition to the chair, 3 internal directors, Nakayama Nobuo (中山信夫), Gohara Ken (郷原健) and Nishimura Ken (西村健), and 5 outside directors, Nakano Taizaburo (中野泰三郎), Hirai Takashi (平井孝志), Kikuchi Maoko (菊地麻緒子), Tsukioka Takashi (月岡隆) and Kai Junko (甲斐順子), for a total of 9 members. In principle, the Board of Directors holds 12 regular monthly meetings and 4 quarterly financial results meetings, for a total of 16 meetings annually, and oversees important decision-making prescribed by laws and regulations, the Articles of Incorporation and internal rules, as well as the execution of duties by directors responsible for business execution.」
The Company disclosed specific details of its framework for business execution and oversight, including 9 directors, 5 of them outside directors, 16 Board meetings annually and the matters considered. - FY2024AdvancedAnnual report
「The Board of Directors is chaired by Representative Director and President Koga Hirofumi (古賀博文) and comprises 5 internal directors, Nakayama Nobuo (中山信夫), Gohara Ken (郷原健), Itoi Yuji (糸居祐二) and Kiriyama Tomoaki (桐山智明), and 4 outside directors, Nakano Taizaburo (中野泰三郎), Hirai Takashi (平井孝志), Kikuchi Maoko (菊地麻緒子) and Tsukioka Takashi (月岡隆), for a total of 9 members.」
The composition of the Board of Directors was specified as 5 internal and 4 outside directors, for a total of 9 members, with disclosure also covering its 16 meetings during the year, matters considered and attendance. - FY2022AdvancedAnnual report
「In addition to establishing a Board of Directors, Board of Corporate Auditors, Management Committee, Sales Promotion Committee, Officers Liaison Committee, Nomination and Compensation Committee, Sustainability Committee, Risk Management Committee, Compliance Committee, Information Security Committee and Corporate Value Enhancement Committee, the Company has introduced an executive officer system to separate business execution from oversight and clarify the authority and responsibilities of directors and executive officers, thereby strengthening corporate governance.」
The Sustainability Committee was added to the existing governance bodies, establishing a framework for formulating policies and managing their implementation, in principle, once every six months. - FY2020Changes in the composition of the Board of Directors and Board of Corporate AuditorsAnnual report
「The Board of Directors comprises 6 internal directors and 3 outside directors, Nakano Taizaburo (中野泰三郎), Hirai Takashi (平井孝志) and Kikuchi Maoko (菊地麻緒子), for a total of 9 members.」
While continuing its existing governance policy, including the separation of business execution and oversight, the Company disclosed a Board of Directors comprising 6 internal and 3 outside directors, for a total of 9 members. - FY2019RestatedAnnual report
「In addition to establishing a Board of Directors, Board of Corporate Auditors, Management Committee, Sales Promotion Committee, Officers Liaison Committee, Nomination and Compensation Committee, Risk Management Committee, Compliance Committee, Information Security Committee and Corporate Value Enhancement Committee, the Company has introduced an executive officer system to separate business execution from oversight and clarify the authority and responsibilities of directors and executive officers, thereby strengthening corporate governance.」
The separation of business execution and oversight through multiple meetings, committees and the executive officer system continues. - FY2018AdvancedAnnual report
「In addition to establishing a Board of Directors, Board of Corporate Auditors, Management Committee, Sales Promotion Committee, Officers Liaison Committee, Nomination and Compensation Committee, Risk Management Committee, Compliance Committee, Information Security Committee and Corporate Value Enhancement Committee, the Company has introduced an executive officer system to separate business execution from oversight and clarify the authority and responsibilities of directors and executive officers, thereby strengthening corporate governance.」
The annual report provides more detail on the operation of the meetings, committees and executive officer system, including a Board of Directors comprising 10 members and a Board of Corporate Auditors comprising 5 members. - FY2016First statedAnnual report
「In addition to establishing a Board of Directors, Board of Corporate Auditors, Management Committee, Sales Promotion Committee, Officers Liaison Committee, Nomination and Compensation Committee, Risk Management Committee, Compliance Committee, Information Security Committee and Corporate Value Enhancement Committee, the Company has introduced an executive officer system to separate business execution from oversight and clarify the authority and responsibilities of directors and executive officers, thereby strengthening corporate governance.」
The framework separates oversight from execution through multiple meetings, committees and the executive officer system.