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Governance1930HOKURIKU ELECTRICAL CONSTRUCTION CO.,LTD.Construction and Materials

Matters Concerning Controlling Shareholders

Disclosed that Hokuriku Electric Power Company is an other affiliated company holding 49.49% of the voting rights, as well as the transactions and personnel relationships with the Company and the framework for ensuring independence.

Worth reading
73In focus
Scored from 2 of 5 sections
Direction
Neutral
Direction inferred from the company’s description.
Scale
49.49
Voting rights ownership ratio (%)
Wording
Conditional
How definitive the wording is.

Governance structure

Controlling shareholder
The Company has no controlling shareholder. Other affiliated company: Hokuriku Electric Power Company; voting rights ownership ratio: 49.49%49.49%Voting rights

direct ownership: 49.49%; amount included in total: -

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.

Number of directors5 (of whom the number of Outside Directors is Not disclosed)
Committee2
Meeting for exchanging views on nominations and compensationspecial committee (comprising all independent outside directors and independent outside Audit & Supervisory Board Members; ratio: not disclosed)
Percentage of outside members outside members comprise a majority
Governance structure
ItemDetails
Number of directors5 (of whom the number of Outside Directors is Not disclosed)
CommitteeMeeting for exchanging views on nominations and compensation (outside members comprise a majority), special committee (comprising all independent outside directors and independent outside Audit & Supervisory Board Members; ratio: not disclosed)
Controlling shareholderThe Company has no controlling shareholder. Other affiliated company: Hokuriku Electric Power Company; voting rights ownership ratio: 49.49% (direct ownership: 49.49%; amount included in total: -)
Items this document does not state (5)
Corporate Governance StructureNumber of independent officersPolicy on cross-shareholdingsTakeover defensesChanges this time

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.

To provide information necessary for investors to understand and assess the relationship with controlling shareholders, etc., the basic policy for group management, and independence from other affiliated companies.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Matters Concerning Controlling Shareholders | HOKURIKU ELECTRICAL CONSTRUCTION CO.,LTD. (1930) timely disclosure | Komori