Subaru to Transition to Audit and Supervisory Committee Structure in June 2026
Subaru Corporation announced plans to shift from an Audit and Supervisory Board system to a company with an Audit and Supervisory Committee, subject to shareholder approval in June 2026.
- 6 out of 11
- 3 out of 4
What Happened
At a Board of Directors meeting on February 6, 2026, Subaru passed a resolution to transition to a company with an Audit and Supervisory Committee. The change requires approval at the 95th Ordinary General Meeting of Shareholders scheduled for June 2026. Subaru aims to accelerate decision-making and improve medium- to long-term corporate value through this governance overhaul.
- 11 Directors of the Board, with six being Independent Outside Directors (majority independent)
- Four Directors on the Audit and Supervisory Committee, including three Independent Outside Directors
- Voluntary committees (Governance and Executive Nomination Meeting, Executive Compensation Meeting) will have six Directors, four independent, chaired by an Independent Outside Director
Why this matters
The transition is intended to strengthen corporate governance by enhancing the board's supervisory functions and increasing the proportion of independent outside directors.
Terms in This Story
- Audit and Supervisory Board
- A corporate governance body in Japan that oversees the company's operations and financial reporting, separate from the board of directors.
- Audit and Supervisory Committee
- A committee within the board of directors that takes on audit and supervisory functions, often with increased independence.
- Independent Outside Director
- A director who is not an executive of the company and has no material relationships with it, providing objective oversight.
Summarised from the linked release; details can be imperfect — always verify against the original source.