Protecting General Shareholders through Independent Outside Directors
First written in FY2022. 2 of 7 entries say "Raised", first in FY2023. Latest entry: FY2026.
1 other company's latest entry also says "Achieved".
- FY2026AchievedAnnual report
「The company is a company with a Board of Directors and an Audit and Supervisory Committee, and has appointed 6 directors, including 4 outside directors. Of these, 3 directors serve as Audit and Supervisory Committee members, all of whom are outside directors.」
The company has implemented its previous policy of adding independent outside directors and increasing their proportion, with 4 of its 6 directors serving as outside directors and all 3 Audit and Supervisory Committee members serving as outside directors. - FY2025RaisedAnnual report
「As agenda items for the 10th Annual General Meeting of Shareholders scheduled for 29 January 2026, the company has proposed the partial amendment of its Articles of Incorporation to transition to a company with an Audit and Supervisory Committee, as well as the election of 3 directors excluding directors serving as Audit and Supervisory Committee members and the election of 3 directors serving as Audit and Supervisory Committee members. If these proposals are approved and take effect, the Board of Directors will comprise 6 directors, including 4 outside directors, and the Audit and Supervisory Committee will comprise 3 directors, all 3 of whom will be outside directors.」
Regarding protection of general shareholders through independent outside directors, the company sets out a specific framework proposal to transition to a company with an Audit and Supervisory Committee, with 4 of the 6 Board members serving as outside directors. - FY2024RestatedAnnual report
「As a subsidiary with a parent company that is also listed, the company has appointed highly independent outside directors, designated as independent officers whose appointment the Tokyo Stock Exchange requires to protect general shareholders, and has established a system for supervising management. It will continue to improve its governance framework, including by managing the business efficiently while protecting general shareholders and increasing the proportion of outside directors.」
The company has reconfirmed its policy of appointing independent outside directors to protect general shareholders in a parent-subsidiary listings structure and of continuing to increase the proportion of outside directors. - FY2023RaisedAnnual report
「To reduce the possibility that the interests of the company will not align with those of the group’s other shareholders, the group’s policy is to further strengthen corporate governance by appointing additional independent outside directors who have no relationship with the parent company and increasing their proportion.」
Regarding protection of general shareholders through independent outside directors, the company sets out a more specific and robust policy of making additional appointments and increasing their proportion. - FY2022First statedAnnual report
「As a subsidiary with a parent company that is also listed, the company has appointed highly independent outside directors, designated as independent officers whose appointment the Tokyo Stock Exchange requires to protect general shareholders, and has established a system for supervising management.」
The company describes a supervisory framework involving independent outside directors to address conflicts of interest arising from the parent-subsidiary listings structure.