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NWC: What the Corporate Shake-Up that Got Reggie Promoted Means for Nintendo

Nintendo recently reorganized their internal structure, forming a new Audit and Supervisory Committee and introducing a new Executive Officer system that includes Reggie Fils-Aime and Satoru Shibata. We understand a lot of news regarding corporate structure can be hard to understand, so we discussed this news on a recent episode of Nintendo Week, our Nintendo-themed podcast here at Gamnesia. Check out the discussion video above for our full thoughts, or keep reading below for a brief, brief summary.

Nintendo specifically hopes that this will help them adapt to a rapidly-changing games market, and the two regional Presidents’ promotions will likely help them keep a closer eye on the different countries in which they sell games. The Audit and Supervisory Committee, as Ben points out, should help them find and eliminate inefficiencies within the company, whether that means financial inefficiencies or hurdles in their everyday (or even long-term) operations. In all, it
should lead to a better Nintendo, even if we the fans can’t really tell what changes the new teams make. In particular, Alex hopes that this new structure will help Nintendo focus on incentivizing employees based on the products they make, rather than how long they’ve been with Nintendo.

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subscribe to Nintendo Week on iTunes, where we release new episodes every Wednesday, or you could check out the full episode. If you don’t like long-form podcasts, you can subscribe to us on YouTube, where our discussion segments are uploaded on Thursdays, and these select snippets from the rest of the podcast—which we call NWC—are uploaded throughout the week. If you like what you hear, we’d love it if you leave us a review on iTunes, where you can find episodes covering tons of other subjects, or send us your feedback! We’d love to know what you think of the show, and how you think we can improve it.

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Nintendo is Changing its Corporate Structure and Promoting Reggie Fils-Aime and Satoru Shibata

Nintendo released its annual earnings report today, giving investors a run-down on the past year’s financial figures and sales data while also looking ahead to plans for the future. Buried in all of the big announcements about Nintendo NX and the upcoming Zelda game, Nintendo also quietly announced some notable changes to the company’s corporate structure. Specifically, Nintendo issued a notice regarding their plans to transition into a company with an Audit and Supervisory Committee and to introduce an Executive Officer System that includes new titles for Nintendo of America and Nintendo of Europe Presidents Reggie Fils-Aime and Satoru Shibata.

Effective as of June 29th, 2016 (pending approval from Nintendo’s Board of Directors), Nintendo will be establishing an Audit and Supervisory Committee “to strengthen the audit and supervisory functions of the Board of Directors and further promote corporate governance.” Additionally, Nintendo’s Board of Directors will elect Executive Officers who will focus on the execution of operations, allowing the Board to focus on management decision-making and supervisory functions. Nintendo hopes this new division of powers will lead to “a more flexible management structure which can appropriately and swiftly respond to the rapidly changing business environment.”

Under this new structure, Reggie Fils-Aime and Satoru Shibata will each become Executive Officers, as will Nintendo Platform Technology Development Division leader Ko Shiota. Shinya Takahashi and Shuntaro Furukawa will both be promoted to Managing Executive Officer, while Shigeyuki Takahashi, Satoshi Yamato, Susumu Tanaka, and Hirokazu Shinshi will all become Senior Executive Officers. Excluding Fils-Aime and Shibata, each of the new Executive Officers currently hold General Manager positions.

Finally, Nintendo is also planning to shake up the members of their Board of Directors. Shigeyuki Takahashi, Satoshi Yamato, Susumu Tanaka, and Hirokazu Shinshi all intend to retire from their Director positions by June 29th. Shuntaro Furukawa is expected to join the Board as a Director, while Naoki Noguchi, Naoki Mizutani, Yoshimi Mitamura, and Katsuhiro Umeyama will all assume roles as “Directors as Audit and Supervisory Committee members.” Of the four, only Naoki Noguchi is currently a Nintendo employee. The rest are outside auditors and directors that Nintendo is bringing in to form their new committee.

Source: Nintendo (1, 2)

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