Mutual Oversight and Management Supervision by the Board of Directors and Audit & Supervisory Board Members
First written in FY2016. 5 of 17 entries say "Worsened", first in FY2025. Latest entry: 2026-09-25.
0 other companies' latest entry also says "Worsened".
- FY2026-H1WorsenedAnnual report
「In the investigation by the third-party committee preceding the previous correction (the “previous investigation”), the influence of the former Representative Director and Chairman and the existence of a corporate culture focused on results, the lack of compliance awareness throughout the Company, and the ineffectiveness of the Board of Directors and Audit & Supervisory Board became apparent, in addition to」
Explicitly identifies the ineffectiveness of the Board of Directors and Audit & Supervisory Board as a governance function problem, rather than an issue of operating results such as the number of meetings held. - FY2025WorsenedAnnual report
「The Board of Directors meets regularly once a month, but the officers had not clearly recognized the importance of governance, and insufficient discussion and consideration had been given to the selection of directors and audit & supervisory board members and the qualifications required of officers.」
States that, although the Board of Directors continued to meet once a month, consideration of officer appointments and the qualifications sought was insufficient, preventing it from fulfilling its proper role as the core corporate governance body. - FY2024Update to the number of Board of Directors and Audit & Supervisory Board meetingsAnnual report
「During the fiscal year, the Company held 13 Board of Directors meetings. During the fiscal year, the Company held 13 Audit & Supervisory Board meetings, and the attendance of each audit & supervisory board member was as follows.」
Stated that both the Board of Directors and Audit & Supervisory Board met 13 times during the fiscal year and disclosed the attendance of directors and audit & supervisory board members. - FY2023Update to the number of Audit & Supervisory Board meetings and attendanceAnnual report
「During the fiscal year, the Company held 12 Audit & Supervisory Board meetings, and the attendance of each audit & supervisory board member was as follows.」
Stated that the Audit & Supervisory Board met 12 times during the fiscal year and disclosed attendance for 4 audit & supervisory board members, each with 13 scheduled meetings and 13 attendances. - FY2021AdvancedAnnual report
「During the fiscal year, the Company held 13 Audit & Supervisory Board meetings, and the attendance of each audit & supervisory board member was as follows. All 4 of the Company's 4 audit & supervisory board members were outside audit & supervisory board members.」
Disclosed specific results of the audit and oversight activities, stating that the Audit & Supervisory Board met 13 times during the fiscal year and all 4 members were outside audit & supervisory board members. - FY2019RestatedAnnual report
「The Board of Directors meets regularly once a month, and audit & supervisory board members attend regardless of whether they serve full-time or part-time. The directors and audit & supervisory board members, whose responsibilities differ, monitor management from their respective perspectives.」
Continues to hold Board of Directors meetings once a month, with audit & supervisory board members in attendance and management oversight by the directors and audit & supervisory board members. - FY2018RestatedAnnual report
「The Board of Directors meets regularly once a month, and audit & supervisory board members attend regardless of whether they serve full-time or part-time. The directors deliberate in accordance with the basic management policy and to ensure compliance with laws and the articles of incorporation. The directors and audit & supervisory board members, whose responsibilities differ, monitor management from their respective perspectives.」
Continues to hold Board of Directors meetings once a month, with audit & supervisory board members in attendance and mutual management oversight by the directors and audit & supervisory board members. - FY2017SoftenedAnnual report
「The Board of Directors meets regularly once a month, and audit & supervisory board members attend regardless of whether they serve full-time or part-time.」
The frequency of regular Board of Directors meetings changed from “twice a month” in the previous disclosure to “once a month.” - FY2016First statedAnnual report
「The Board of Directors meets regularly twice a month, and audit & supervisory board members attend regardless of whether they serve full-time or part-time. The directors deliberate in accordance with the basic management policy and to ensure compliance with laws and the articles of incorporation. The directors and audit & supervisory board members, whose responsibilities differ, monitor management from their respective perspectives.」
Describes a governance structure based on the participation and oversight of the Board of Directors and audit & supervisory board members.