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Forums - Nintendo Discussion - Ooops! :O Nintendo Transition to a Company with Audit/Supervisory Committee, Officer System

Notice Regarding Transition to a Company with Audit and Supervisory Committee
and Introduction of Executive Officer System


Nintendo Co., Ltd. (the “Company”) hereby announces that, at the meeting of the Board of Directors held on April 27, 2016, it resolved to plan to transition to a Company with Audit and Supervisory Committee and introduce an Executive Officer System.
The transition to a Company with Audit and Supervisory Committee is subject to the approval of the 76th Annual General Meeting of Shareholders scheduled to be held on June 29, 2016.

1. Company with Audit and Supervisory Committee

(1) Reason for Transition
By establishing an Audit and Supervisory Committee which consists of a majority of outside directors,
the Company aims to strengthen the audit and supervisory functions of the Board of Directors and
further promote corporate governance.

(2) Time of Transition
The Company plans to transition to a Company with Audit and Supervisory Committee upon
receiving approval for the required amendments to the Articles of Incorporation at the 76th Annual
General Meeting of Shareholders scheduled to be held in June 29, 2016.

2. Executive Officer System

(1) Reason for Introduction
By separating the management decision-making and supervisory functions from the execution of
operations and accelerating the delegation of authority to execute operations, the Company aims to
clarify the responsibility for the execution of operations and establish a more flexible management
structure which can appropriately and swiftly respond to the rapidly changing business environment.


(2) Outline of System
- Executive Officers will be appointed by the resolution of the Board of Directors.
- A Director may act concurrently as an Executive Officer.
- Executive Officers will hold their office for one year and may be reappointed.

(3) Time of Introduction
The Company plans to introduce the Executive Officer System concurrently with the transition to a
Company with Audit and Supervisory Committee.
3. Other Information
Please refer to the Consolidated Results for the Years Ended March 31, 2016 released today for the
executive appointment after the transition to a Company with Audit and Supervisory Committee and
introduction of the Executive Officer System.
The content of the amendments to the Articles of Incorporation will be announced as soon as
determined.



Nintendo is restructuring!
WOW! Nintendo keeps undergoing sweeping changes! The bolded are very interesting (they are self-explanatory) , for me sounds like they are adapting to what modern buisness have/stop being insular...
Mobile games, IP licensing to toys, movies e.t.c, theme parks, total diversification! What's else left?
Source: https://www.nintendo.co.jp/ir/pdf/2016/160427_3e.pdf
What do you think of these? What do you understand?


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Sounds like Nintendo is getting stricter based on all of these lengthy words I dont understand.



I dont know what to think anymore



Hard to say where this would go but it seems to be something aimed at slapping the board of directors at Nintendo out of their insular culture. Which could be good.

That said, it could be something bad if say this outside "group" looks at Nintendo financials and starts to push for things like more emphasis on smartphone game development, which is a low hanging piece of fruit for a business suit.

So kinda like

Pro: It may take the power out of Nintendo's odd decision making (ie: Miyamoto loves cartridges, so we're ditching CDs because of his personal preference! We're making the console purple because Miyamoto likes purple!) and inject some sanity into corporate decision making.

Con: More corporate oversight may mean Nintendo becomes more beholden to business suits who want more milking of things and probably will want more smartphone games because that's where they see $$$$$.



Corporate compliance???
Boring...



Have a nice day...

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t3mporary_126 said:
Sounds like Nintendo is getting stricter based on all of these lengthy words I dont understand.

Check soundwave's comment, pretty illuminating/ spot-on!



Soundwave said:

Hard to say where this would go but it seems to be something aimed at slapping the board of directors at Nintendo out of their insular culture. Which could be good.

That said, it could be something bad if say this outside "group" looks at Nintendo financials and starts to push for things like more emphasis on smartphone game development, which is a low hanging piece of fruit for a business suit.

So kinda like

Pro: It may take the power out of Nintendo's odd decision making (ie: Miyamoto loves cartridges, so we're ditching CDs because of his personal preference! We're making the console purple because Miyamoto likes purple!) and inject some sanity into corporate decision making.

Con: More corporate oversight may mean Nintendo becomes more beholden to business suits who want more milking of things and probably will want more smartphone games because that's where they see $$$$$.

 

Pretty much this.

As a side my company has a spuervicory committee and they made up of directors form stakeholders we deal with. In a way this is good for us as then ensure we deliver what they mutually need in the sector.

So what i'm getting at is if Nintendo pick the correct directors (i.e. people from other developers and perhaps chip makers) then I agree your pros is what will happen and if those devs feel like they had a decision in making the next gen console then they are more likley to also develope for it.



 

 

As long as "flexible" doesn't turn into "short-sighted", I don't think this will be a huge problem. Too many corporations fall prey to the toxic culture of chasing short-term dividends no matter the long-term cost to the company's future.



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Final-Fan said:
As long as "flexible" doesn't turn into "short-sighted", I don't think this will be a huge problem. Too many corporations fall prey to the toxic culture of chasing short-term dividends no matter the long-term cost to the company's future.

I foresee a 90% chance that "flexible" dissolves into "short-sighted" within a console generation.



It sounds like Nintendo has realised that they need to adjust their business practices to bring in best practices from various places. So they've looked at Western business structure and decided to adopt elements of that.

And Reggie and Shibata becoming "executive officers" suggests to me that they're trying to expand their Western business itself. It will probably result in NoA and NoE having more ability to influence development, especially outside of Japan.