Separating Oversight from Execution and Accelerating Decision-Making Through the Executive Officer System
First written in FY2016. 2 of 5 entries say "Advanced", first in FY2019. Latest entry: FY2021.
- FY2021DroppedAnnual report
「We had operated an executive officer system since 1 April 2019 to clarify the responsibilities and roles of each department responsible for improving performance. However, to advance the medium-term management plan and management reforms aimed at restoring performance, we placed each division directly under the Representative Director and President from 1 April 2021 and abolished the executive officer system effective 23 June of the same year to further improve management efficiency and expedite decision-making.」
The executive officer system reintroduced in April 2019 was abolished effective 23 June 2021, and the structure was changed to place each division directly under the Representative Director and President. - FY2020AdvancedAnnual report
「We have adopted an executive officer system and appointed 6 executive officers, including 5 who also serve as directors. We are pursuing management reforms by separating the Board of Directors' management decision-making, monitoring and oversight functions from business execution, clarifying responsibilities and roles for improving performance, reviewing committee structures, approval standards and internal rules, and expediting decision-making.」
For the executive officer system reintroduced in April 2019, specific disclosures cover the appointment of 6 executive officers, the separation of functions from the Board of Directors, the review of approval standards and internal rules, and the operation of the Management Committee. - FY2019AdvancedAnnual report
「In addition, we introduced an executive officer system in April 2019 to strengthen our ability to execute and advance the new medium-term management plan. By strengthening the PDCA cycle for priority activities, we will work toward achieving the KPI targets set by each division and, ultimately, the medium-term management plan.」
Introduced an executive officer system in April 2019 and established a framework to strengthen execution of the new medium-term management plan through PDCA for priority activities and the KPI targets of each division. - FY2017RestatedAnnual report
「We have introduced an executive officer system to strengthen the Board of Directors' oversight functions and accelerate decision-making and business execution. There are 5 executive officers: Takada Atsushi (高田 厚司), General Manager of the Sales Division; Kyomura Koji (許村 幸司), General Manager of the Marketing Division; Takada Hiroyuki (高田 博祐), General Manager of the Corporate Services Department; Nishijima Hiroshi (西島 浩), General Manager of the Corporate Planning Department; and Hara Yutaka (原 豊), General Manager of the Legal Department.」
The disclosure states the objectives of the executive officer system, namely strengthening the Board of Directors' oversight functions and accelerating decision-making and business execution, and lists the 5 executive officers. - FY2016First statedAnnual report
「The executive officer system was introduced on 29 June 2015, separating oversight and supervisory functions from business execution functions and establishing a management structure designed to accelerate management decision-making and business execution.」
The disclosure also describes the delegation of some authority from the Board of Directors to executive officers and the clarification of roles and responsibilities.