Governance structure
Company with an Audit and Supervisory CommitteeThis filing states only the number of directors, not how many of them are outside directors.
This is the number of people reported to the exchange as independent officers. Whether someone is an outside officer and whether they qualify as independent are separate determinations.
The Board of Directors resolved to oppose the shareholder proposal.
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with an Audit and Supervisory Committee |
| Number of directors | Total number 13 / Of which, outside Not disclosed |
| Number of independent officers | 5 |
| Committee | Name Voluntary Nomination and Compensation Committees / Percentage of outside members More than half |
| Changes this time | The Board of Directors resolved to oppose the shareholder proposal. |
Items this document does not state (3)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The company determined that the board structure proposed by the company is optimal for sustainable growth and the enhancement of corporate value over the medium to long term, while the proposed candidate would not complement the experience and skills required to oversee the Environmental and Social Innovation Business, and there is no assurance that the company would receive the advice and oversight it expects. The company also explained that there are no governance deficiencies or shortcomings in its oversight functions, and that the current structure provides fully functioning independent oversight, including protection of minority shareholders.