company with committees; committee-governed company
A type of Japanese corporate structure under the Companies Act, featuring mandatory committees for audit, nomination, and compensation. Used in legal and business contexts.
Our company has transitioned to a committee-governed structure.
委員会設置会社では、監査委員会の設置が義務付けられている。
In a company with committees, the establishment of an audit committee is mandatory.
A company with a board of auditors (traditional Japanese governance model), as opposed to the committee-based structure of 委員会設置会社.
A more specific term for a company with nominating, audit, and compensation committees; essentially synonymous with 委員会設置会社 under current law.
Compound of 委員会 (committee) + 設置 (establishment) + 会社 (company). A legal term created under the Japanese Companies Act.