Governance structure
Company with an Audit and Supervisory CommitteeOther Affiliated Company; voting rights ownership ratio: direct 31.8%, subject to aggregation 0.0%, total 31.8%
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.
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with an Audit and Supervisory Committee |
| Number of directors | 9 directors (number of outside directors: Not disclosed) |
| Committee | Audit and Supervisory Committee (proportion of outside members: Not disclosed) |
| Controlling shareholder | Shikoku Electric Power Company,Incorporated (Other Affiliated Company; voting rights ownership ratio: direct 31.8%, subject to aggregation 0.0%, total 31.8%) |
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.Shikoku Electric Power Company,Incorporated is an Other Affiliated Company holding 31.8% of the company's shares, and the company is an affiliate and equity-method investee of the Shikoku Electric Power Group. The company explained that, as a listed company, it has established the governance structure required of it, makes decisions independently, and maintains its independence.