Criteria for Independence of Outside Directors
First written in FY2017. 2 of 4 entries say "Restated". Latest entry: 2026-03-26.
The whole theme swung hardest in 2023: 2 of 19 companies on the "Worse" side.
35 other companies' latest entry also says "Restated".
- 2026-03-26RestatedGeneral Meetings of Shareholders
「In addition to the independence standards prescribed by the Tokyo Stock Exchange, the Company has established its own independence standards for outside directors as follows.」
The Company's own independence standards for outside directors, in addition to the Tokyo Stock Exchange standards, were reiterated. - FY2020RestatedAnnual report
「In addition to the independence standards established by the Tokyo Stock Exchange, the Company has established the following standards for independence from the Company for the appointment of outside directors.」
In addition to the Tokyo Stock Exchange standards, the Company's own independence criteria covering major shareholders, transaction amounts, donations, professional fees and a tenure exceeding 6 years continue. - FY2018SoftenedAnnual report
「(c) A person whose tenure as an outside director of the Company exceeds 6 years」
The independence standard concerning an outside director's tenure has changed from more than 4 years to more than 6 years. - FY2017First statedAnnual report
「In addition to the independence standards established by the Tokyo Stock Exchange, the Company has established the following standards for independence from the Company for the appointment of outside directors. A person meeting any of the requirements below is deemed not to be independent: (i) a major shareholder of the Company, meaning a shareholder holding 10% or more of voting rights, or an executive of such shareholder.」
In addition to the Tokyo Stock Exchange standards, the Company sets its own criteria covering major shareholders holding 10% or more, transactions exceeding 1% of the relevant amount, donations and grants exceeding ¥10 million, and a tenure exceeding 4 years.