Transition to a Company with an Audit and Supervisory Committee and Strengthening Oversight by Outside Directors
First written in FY2022. 1 of 2 entries say "Restated". Latest entry: FY2024.
- FY2024RestatedAnnual report
「By establishing an audit and supervisory committee with a majority of outside directors and granting directors who serve as audit and supervisory committee members voting rights at board meetings, the company is strengthening the board’s oversight function and seeking to achieve highly transparent management through audits and oversight of the legality and appropriateness of business execution.」
The structure introduced after the transition to a company with an audit and supervisory committee remains in place. Of the 5 directors, 3 are outside directors and independent officers, and the audit and supervisory committee generally meets once a month. - FY2022First statedAnnual report
「From the perspective of sustainable growth and further strengthening corporate governance, the company changed from a company with an audit and supervisory board to a company with an audit and supervisory committee at the annual general meeting of shareholders held on 24 December 2021. By establishing an audit and supervisory committee with a majority of outside directors and granting directors who serve as audit and supervisory committee members voting rights at board meetings, the company is strengthening the board’s oversight function and seeking to achieve highly transparent management through audits and oversight of the legality and appropriateness of business execution.」
The company describes its transition to a company with an audit and supervisory committee as a completed governance-strengthening measure and presents its oversight structure, including outside directors, and its executive officer system.