Independent oversight by all outside Audit & Supervisory Board Members
First written in FY2019. 1 of 3 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2023: 15 of 102 companies on the "Worse" side.
- FY2023AdvancedAnnual report
「All 4 Audit & Supervisory Board members, including 1 full-time member, are outside members with independence from the executive directors. They also have extensive experience in corporate management, corporate legal affairs or public administration, creating a structure capable of providing effective oversight of business execution.」
The structure in which all Audit & Supervisory Board members are outside members has expanded from the previous 3 members to 4. - FY2020RestatedAnnual report
「All 3 Audit & Supervisory Board members, including 1 full-time member, are outside Audit & Supervisory Board members with independence from the company's executives. They also have extensive experience in corporate management or public administration, creating a structure capable of providing effective oversight of business execution.」
The company is reaffirming its audit structure in which all 3 Audit & Supervisory Board members are independent outside members. - FY2019First statedAnnual report
「All 3 Audit & Supervisory Board members, including 1 full-time member, are outside Audit & Supervisory Board members with independence from the company's executives. They also have extensive experience in corporate management or public administration, creating a structure capable of providing effective oversight of business execution.」
In addition to a board with a majority of outside directors, the company has an audit structure in which all 3 Audit & Supervisory Board members are independent outside members.