Transition to a Company with an Audit and Supervisory Committee
First written in FY2016. 3 of 4 entries say "Restated". Latest entry: FY2022.
- FY2022RestatedAnnual report
「The Company has adopted a company-with-an-Audit-and-Supervisory-Committee structure. The purpose is to further enhance corporate governance by strengthening management oversight through Audit and Supervisory Committee members who are directors having voting rights at meetings of the Board of Directors, and to accelerate management decision-making by making it possible to delegate a considerable portion of the Board of Directors’ authority to decide on the execution of operations to directors.」
The Company continues to explain its adoption of a company-with-an-Audit-and-Supervisory-Committee structure and its objectives of strengthening oversight functions and accelerating decision-making. - FY2018RestatedAnnual report
「Pursuant to a resolution at the 48th Annual General Meeting of Shareholders held on 21 June 2016, the Company changed from a company with an Audit & Supervisory Board to a company with an Audit and Supervisory Committee. The purpose of this change was to further enhance corporate governance by strengthening management oversight through Audit and Supervisory Committee members who are directors having voting rights at meetings of the Board of Directors, and to accelerate management decision-making by making it possible to delegate a considerable portion of the Board of Directors’ authority to decide on the execution of operations to directors.」
The Company continues to explain the change to a company with an Audit and Supervisory Committee and its objectives of strengthening oversight functions and accelerating decision-making. - FY2017RestatedAnnual report
「Pursuant to a resolution at the 48th Annual General Meeting of Shareholders held on 21 June 2016, the Company changed from a company with an Audit & Supervisory Board to a company with an Audit and Supervisory Committee. The purpose of this change was to further enhance corporate governance by strengthening management oversight through Audit and Supervisory Committee members who are directors having voting rights at meetings of the Board of Directors, and to accelerate management decision-making by making it possible to delegate a considerable portion of the Board of Directors’ authority to decide on the execution of operations to directors.」
The Company reiterates the change to a company with an Audit and Supervisory Committee and its objectives of strengthening oversight functions and accelerating decision-making. - FY2016First statedAnnual report
「Pursuant to a resolution at the 48th Annual General Meeting of Shareholders held on 21 June 2016, the Company changed from a company with an Audit & Supervisory Board to a company with an Audit and Supervisory Committee. The purpose of this change was to further enhance corporate governance by strengthening management oversight through Audit and Supervisory Committee members who are directors having voting rights at meetings of the Board of Directors, and to accelerate management decision-making by making it possible to delegate a considerable portion of the Board of Directors’ authority to decide on the execution of operations to directors.」
The Company explains that it changed to a company with an Audit and Supervisory Committee to strengthen oversight functions and accelerate decision-making.