Governance structure
Company with an Audit and Supervisory Committeeother affiliated company, voting rights ownership ratio: 40.22%
When one company holds most of the voting rights, its wishes are more likely to prevail in management. How the interests of minority shareholders are protected is a key issue.
This filing states only the number of directors, not how many of them are outside directors.
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with an Audit and Supervisory Committee |
| Number of directors | Total number 11 / Of which, outside Not disclosed |
| Controlling shareholder | 株式会社マルハン (other affiliated company, voting rights ownership ratio: 40.22%) |
Items this document does not state (5)
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 intends to pursue its business while maintaining a cooperative relationship with 株式会社マルハン, and recognizes that the concurrent positions do not impede its independent management decisions and that a certain degree of independence is secured. The concurrent position held by an outside director is intended to make use of the director’s knowledge and experience in commercial property development and obtain specialized advice on the construction business.