Oversight Framework Based on Outside Officers and an Executive Officer System
First written in FY2018. 1 of 5 entries say "Advanced", first in FY2020. Latest entry: FY2025.
9 other companies' latest entry also says "Other".
- FY2025The Board of Directors is planned to be reorganized, changing from 13 members to 12.Annual report
「Following approval and adoption of the proposal, the number of directors, excluding directors who serve as Audit and Supervisory Committee members, is expected to change to 9, including 2 outside directors.」
Following approval of the proposal at the Annual General Meeting of Shareholders scheduled for 29 January 2026, the current 13-member Board of Directors is expected to change to a 12-member structure, including 3 Audit and Supervisory Committee members. The number of outside directors is expected to remain unchanged at 5 from 5. - FY2024The Board of Directors changed from 15 members to 13.Annual report
「The company’s Board of Directors consists of 13 members: 8 directors, Nishimura Motohide (西村元秀), Tahara Takao (田原隆男), Narita Kazuto (成田和人), Uzumasa Tōyō (宇正鬪曜), Nishimura Gen’ichi (西村元一), Shimaoka Shuko (島岡修子), Hanayama Masanori (花山昌典) and Fukuda Isamu (福田 勇), and 5 outside directors, Muneoka Tōru (宗岡 徹), Kondo Tsuyoshi (近藤剛史), Sanjo Hiromichi (山條博通), Moriwaki Akira (森脇 朗) and Morimoto Chiaki (森本千晶), the latter 3 being outside directors who serve as Audit and Supervisory Committee members. The Board meets once a month and holds extraordinary meetings as necessary to decide matters prescribed by law and important management matters, and to oversee the execution of operations, with director Nishimura Motohide (西村元秀) serving as chair.」
The Board of Directors changed from the previous total of 15 members to 13, while the composition of 5 outside directors was maintained. - FY2022RestatedAnnual report
「The company’s Board of Directors consists of 15 members: 10 directors, Nishimura Motohide (西村元秀), Tahara Takao (田原隆男), Yoshida Atsuhiro (吉田篤弘), Narita Kazuto (成田和人), Uzumasa Tōyō (宇正鬪曜), Fukada Kiyoto (深田喜代人), Nishimura Gen’ichi (西村元一), Shimaoka Shuko (島岡修子), Hanayama Masanori (花山昌典) and Fukuda Isamu (福田 勇), and 5 outside directors, Muneoka Tōru (宗岡 徹), Kondo Tsuyoshi (近藤剛史), Sanjo Hiromichi (山條博通), Hirata Masaki (平田真基) and Moriwaki Akira (森脇 朗), the latter 3 being outside directors who serve as Audit and Supervisory Committee members. The Board meets once a month and holds extraordinary meetings as necessary to decide matters prescribed by law and important management matters, and to oversee the execution of operations, with director Nishimura Motohide (西村元秀) serving as chair.」
The company continues its oversight framework as a company with an Audit and Supervisory Committee, with 15 directors, including 5 outside directors, and an executive officer system. - FY2020AdvancedAnnual report
「Based on a resolution of the 71st Annual General Meeting of Shareholders held on 28 January 2021, the company changed from a company with an Audit & Supervisory Board to a company with an Audit and Supervisory Committee, with the aim of further strengthening corporate governance.」
The company changed to a company with an Audit and Supervisory Committee, making Audit and Supervisory Committee members part of the Board of Directors and strengthening the Board’s oversight function. The framework consisted of 15 directors, including 5 outside directors and 3 Audit and Supervisory Committee members. - FY2018First statedAnnual report
「The company’s Board of Directors consists of 12 directors, including 2 outside directors. In addition to meeting once a month, the Board holds extraordinary meetings as necessary to decide matters prescribed by law and important management matters, and to oversee the execution of operations. To provide sufficient oversight of the Board of Directors, the company has established an Audit & Supervisory Board. All 3 Audit & Supervisory Board members are outside members, and the company has adopted a framework under which they work with the internal audit department and the accounting auditor to oversee the lawful and appropriate conduct of management.」
The company describes its decision-making and oversight framework involving the Board of Directors, Management Committee, executive officer system, 2 outside directors and 3 outside Audit & Supervisory Board members.