Transition to a company with an audit and supervisory committee
First written in FY2022-Q3. 1 of 3 entries say "Achieved", first in FY2022. Latest entry: FY2023-Q1.
- FY2023-Q1RestatedAnnual report
「In terms of organisation and governance, the Company changed to the Tokyo Stock Exchange Prime Market in April. In June, it also changed to a company with an Audit and Supervisory Committee, with the aim of accelerating decision-making.」
Reaffirmed the policy of accelerating decision-making following completion of the transition to a company with an Audit and Supervisory Committee. - FY2022AchievedAnnual report
「The Company was previously a company with a Board of Corporate Auditors, but changed to a company with an Audit and Supervisory Committee following approval of amendments to its Articles of Incorporation at the 78th Annual General Meeting of Shareholders held on 24 June 2022.」
The transition to a company with an Audit and Supervisory Committee, which had previously been at the resolution stage, was completed following approval at the Annual General Meeting of Shareholders on 24 June 2022. - FY2022-Q3First statedAnnual report
「To strengthen governance, the Board of Directors resolved in December to transition to a company with an Audit and Supervisory Committee, subject to approval at the next general meeting of shareholders. The Audit and Supervisory Committee, a majority of whose members will be outside directors, will audit and supervise the legality and appropriateness of business execution, enabling more transparent management and the development of a structure better able to meet the expectations of stakeholders in Japan and overseas. In addition, by delegating the Board of Directors’ authority to make decisions on business execution to the directors, we will further accelerate management decision-making and execution under appropriate supervision by the Board of Directors.」
At a December board meeting, the Company resolved to change to a company with an Audit and Supervisory Committee, subject to approval at the next general meeting of shareholders. The plan combines oversight and audits by an Audit and Supervisory Committee with a majority of outside directors and the delegation of authority to directors.