Transition to a Company with an Audit and Supervisory Committee and Expansion of Independent Outside Directors
First written in FY2016. 5 of 8 entries say "Restated". Latest entry: FY2023.
- FY2023RestatedAnnual report
「The Board of Directors consists of 15 directors in total, including 10 directors excluding those serving as Audit and Supervisory Committee members and 5 directors who are Audit and Supervisory Committee members. Of these, 9 are independent outside directors, and the Company is working to strengthen the Board's oversight function by increasing their proportion on the Board.」
The structure of having 9 independent outside directors among 15 directors continues. - FY2022RestatedAnnual report
「The Board of Directors consists of 15 directors in total, including 10 directors excluding those serving as Audit and Supervisory Committee members and 5 directors who are Audit and Supervisory Committee members. Of these, 9 are independent outside directors, and the Company is working to strengthen the Board's oversight function by increasing their proportion on the Board.」
The structure of having 9 independent outside directors among 15 directors continues. - FY2021-Q1RestatedAnnual report
「Pursuant to Article 193-2, Paragraph 1 of the Financial Instruments and Exchange Act, KPMG AZSA LLC has conducted a quarterly review of the quarterly financial statements for the first-quarter accounting period (1 December 2020 to 28 February 2021) and the cumulative first-quarter period (1 December 2020 to 28 February 2021).」
KPMG AZSA LLC, following the change, continues to review the quarterly financial statements. - FY2020RestatedAnnual report
「Of these, 9 are independent outside directors, and we are working to strengthen the Board's oversight function by increasing their proportion on the Board.」
The structure of having 9 independent outside directors among 15 directors continues. - FY2019RestatedAnnual report
「Of these, 9 are independent outside directors, and we are working to strengthen the Board's oversight function by increasing their proportion on the Board.」
The structure of having 9 independent outside directors among 15 directors continues. - FY2018AdvancedAnnual report
「Currently, 9 of the Company's 15 directors are independent outside directors, representing 60.0% of the Board.」
The number of independent outside directors increased from the previous 8, or 57.1%, to 9, or 60.0%, strengthening the Board's oversight function. - FY2017AdvancedAnnual report
「Currently, 8 of the Company's 14 directors are independent outside directors, representing 57.1% of the Board.」
The number of independent outside directors increased from the previously stated 7, or 50.0%, to 8, or 57.1%, strengthening the Board's oversight function. - FY2016First statedAnnual report
「Following a resolution at the 138th Annual General Meeting of Shareholders held on 25 February 2016, the Company transitioned to a company with an Audit and Supervisory Committee. As a result, the proportion of independent outside directors on the Board of Directors increased, and 7 of the Company's 14 directors, or one-half, are currently independent outside directors, representing 50.0% of the Board.」
The Company has transitioned to a company with an Audit and Supervisory Committee and now has 7 independent outside directors out of 14, representing 50.0% of the Board.