Nintendo has announced that they plan to introduce an executive officer system, as the company transitions to a management structure in which they have an audit and supervisory committee.
That move has been made “to separate business decision-making and oversight from business execution,” seeking to delegate authority to allow the company to “respond quickly and effectively” to any sudden change in their business environment.
“We resolved to transition to a system with an audit and supervisory committee, and to introduce an executive officer system,” Nintendo president Tatsumi Kimishima explained to investors.
“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.”
Those that will be affected, and their new respective job roles, are:
Shuntaro Furukawa, Naoki Noguchi, Naoki Mizutani, Yoshimi Mitamura and Katsuhiro Umeyama
Managing Executive Officers
Shinya Takahashi and Shuntaro Furukawa
Senior Executive Officers
Shigeyuki Takahashi, Satoshi Yamato, Susumu Tanaka and Hirokazu Shinshi
Ko Shiota, Satoru Shibata and Reggie Fils-Aimé