Independent oversight and auditing by outside directors, outside corporate auditors and experts
First written in FY2017. 3 of 7 entries say "Advanced", first in FY2018. Latest entry: FY2024.
The whole theme swung hardest in 2019: 3 of 19 companies on the "Worse" side.
2 other companies' latest entry also says "Other".
- FY2024Change in the composition of independent outside officersAnnual report
「As of 24 June 2024, the Board of Directors consisted of 7 directors, including 3 outside directors, and 3 corporate auditors, including 3 outside corporate auditors.」
The company described a structure designating 3 outside directors and 3 outside corporate auditors, 6 in total, as independent officers. It also indicated that a new outside director with experience in disclosure and finance had taken office. - FY2023RestatedAnnual report
「Of the 7 directors, 1 is an outside director who is a graduate school professor with a doctorate in law and extensive knowledge of corporate management strategy and compliance, another is an outside director with extensive management experience gained as the representative director of financial institutions and other companies, and another is an outside director who is a woman with a doctorate in agricultural science and knowledge of management strategy and general management from diverse perspectives, including experience in product materials research and development and management as an officer of a retail company.」
The company continues to designate 3 outside directors and 4 outside corporate auditors, 7 in total, as independent officers and to use expertise in law, management, finance, agriculture, legal affairs and accounting. - FY2022AdvancedAnnual report
「Of the 7 directors, 1 is an outside director who is a graduate school professor with a doctorate in law and extensive knowledge of corporate management strategy and compliance, another is an outside director with extensive management experience gained as the representative director of financial institutions and other companies, and another is an outside director who is a woman with a doctorate in agricultural science and knowledge of management strategy and general management from diverse perspectives, including experience in product materials research and development and management as an officer of a retail company. The corporate auditors include outside corporate auditors who are attorneys, certified public accountants and other experts with advanced professional knowledge. The 7 outside officers concerned have no interests in the Company and have been designated as independent officers.」
The company designated 3 outside directors and 4 outside corporate auditors, 7 in total, as independent officers, expanding its outside oversight structure from 6 in the previous year. - FY2021AdvancedAnnual report
「Of the 6 directors, 1 is an outside director who is a graduate school professor with a doctorate in law and extensive knowledge of corporate management strategy and compliance, another is an outside director with extensive management experience gained as a vice president and chairperson of several other companies, and another is an outside director who is a woman with a doctorate in agricultural science, experience in product materials research and development and retail management, and knowledge of management strategy and general management from diverse perspectives.」
The company specifically described the addition to its 3 outside directors of a director who is a woman with a doctorate in agricultural science and expertise in product materials research and development and retail management. All 6 outside officers have been designated as independent officers. - FY2019RestatedAnnual report
「Of the 7 directors, 1 is an outside director who is a graduate school professor with a doctorate in law and extensive knowledge of corporate management strategy and compliance, while 2 are outside directors with extensive management experience gained as presidents, executive vice presidents and chairpersons of several other companies. The corporate auditors include outside corporate auditors who are attorneys, certified public accountants and other experts with advanced professional knowledge. The 6 outside officers concerned have no interests in the Company and have been designated as independent officers.」
The company continues to designate 3 outside directors and 3 outside corporate auditors, 6 in total, as independent officers and to use expertise in law, management, legal affairs and accounting. - FY2018AdvancedAnnual report
「Of the 10 directors, 1 is an outside director who is a graduate school professor with a doctorate in law and extensive knowledge of corporate management strategy and compliance, while 2 are outside directors with extensive management experience gained as presidents, executive vice presidents and chairpersons of several other companies. The corporate auditors include outside corporate auditors who are attorneys, certified public accountants and other experts with advanced professional knowledge. The 6 outside officers concerned have no interests in the Company and have been designated as independent officers.」
The number of outside directors increased from 2 to 3, bringing the total number of independent outside officers to 6, including 3 outside corporate auditors. The company described a structure that uses expertise in law, management, legal affairs and accounting for oversight and auditing. - FY2017First statedAnnual report
「The 5 outside officers concerned have no interests in the Company and have been designated as independent officers. The Company therefore considers that they ensure objectivity and neutrality and that the management monitoring, oversight and auditing structure is functioning adequately.」
The company designated 2 outside directors and 3 outside corporate auditors, 5 in total, as independent officers and described a structure that uses expertise in law, management, legal affairs and accounting for oversight and auditing.