Transition to a Company with an Audit and Supervisory Committee and Strengthening of Management Oversight
First written in FY2017. 2 of 4 entries say "Advanced", first in FY2018-Q3. Latest entry: FY2019.
- FY2019ReframedAnnual report
「The Board of Directors consists of 6 directors, including 3 directors excluding those serving as Audit and Supervisory Committee members and 3 directors serving as Audit and Supervisory Committee members, of whom 2 are outside directors. The company has limited the number of directors to enable the Board to meet regularly once a month and whenever necessary, thereby improving the speed and appropriateness of management decisions.」
The description of the Board of Directors changed to a total of 6 directors, including 2 outside directors, from the previous structure of 7 directors, including 3 outside directors. - FY2019-Q3AdvancedAnnual report
「Representative Director, President; Representative Executive Officer; concurrently, Head of Digital Contents Business Division; Representative Director, President; Representative Executive Officer; Kuroda Shigeo (黒田 茂夫) 16 November 2018」
Effective 16 November 2018, the position of Representative Director and President changed to include the concurrent position of Head of the Digital Contents Business Division. - FY2018-Q3AdvancedAnnual report
「In December, the company also changed its corporate governance structure so that directors could focus on their management responsibilities by clarifying their roles, ending their concurrent positions and transferring some authority over business execution from directors to executive officers.」
In December, the company changed its corporate governance structure to clarify management responsibilities, end directors' concurrent positions and transfer some authority over business execution from directors to executive officers. - FY2017First statedAnnual report
「Based on a resolution at the 57th Annual General Meeting of Shareholders held on 29 June 2016, the company transitioned to a company with an Audit and Supervisory Committee. The transition was intended to further enhance the corporate governance system by strengthening management oversight. The Board of Directors consists of 7 directors, including 4 directors excluding those serving as Audit and Supervisory Committee members and 3 directors serving as Audit and Supervisory Committee members, of whom 3 are outside directors.」
The company explained that it strengthened management oversight by transitioning to a company with an Audit and Supervisory Committee and establishing a structure in which 3 of its 7 directors are outside directors.