Governance structure
12.83% voting rights held) and TAIHEIYO CEMENT CORPORATION (17.89% voting rights held) are listed as major shareholders.
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 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.
A proposal to appoint outside officers was submitted to the annual general meeting of shareholders, resulting in a partial change to the composition. Ishibashi Masayo (石橋雅代) is listed as a new outside Audit & Supervisory Board member.
| Item | Details |
|---|---|
| Number of directors | 4 outside directors (total number of directors: Not disclosed) |
| Number of independent officers | 2 |
| Controlling shareholder | The controlling shareholder and parent company are Not disclosed. Kyushu Electric Power Company,Incorporated (12.83% voting rights held) and TAIHEIYO CEMENT CORPORATION (17.89% voting rights held) are listed as major shareholders. |
| Changes this time | A proposal to appoint outside officers was submitted to the annual general meeting of shareholders, resulting in a partial change to the composition. Ishibashi Masayo (石橋雅代) is listed as a new outside Audit & Supervisory Board member. |
Items this document does not state (4)
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.Because a proposal to appoint outside officers was submitted to the annual general meeting of shareholders and the composition changed in part.