“The purpose of introducing an executive officer system is to separate business decision-making and oversight from business execution, and to delegate authority for executing business.”
☆ NintendObs Event – Nintendo FY3/2016.
Now I would like to explain about the changes in Nintendo’s corporate governance system as resolved in the meeting of the Board of Directors held yesterday. We resolved to transition to a system with an audit and supervisory committee, and to introduce an executive officer system.
The intent of this transition is to create an audit and supervisory committee with a majority of external directors to strengthen the auditing and oversight over the Board of Directors and enhance our corporate governance.
As for the timing of this transition, we will transition once we have the necessary changes to the company statutes approved at the general meeting of shareholders for the 76th fiscal term, to be held this year on June 29th.
The purpose of introducing an executive officer system is to separate business decision-making and oversight from business execution, and to delegate authority for executing business.
This clarifies the responsibility for business execution and enables us to create a flexible management system that can respond quickly and effectively to sudden changes in our business environment.
— Tatsumi Kimishima, President of Nintendo
Source: Nintendo JP.
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