Governance structure
The Board of Directors resolved to oppose the shareholder proposal for the election of 1 outside director. It indicated a policy of increasing the ratio of independent outside directors from 38% in the previous term to 50% from the annual general meeting of shareholders in June 2026 onward.
| Item | Details |
|---|---|
| Number of directors | 8 inside directors (total including outside directors: Not disclosed) |
| Committee | Nomination Committee (a majority of its members are independent outside directors, and the chair is an independent outside director) |
| Changes this time | The Board of Directors resolved to oppose the shareholder proposal for the election of 1 outside director. It indicated a policy of increasing the ratio of independent outside directors from 38% in the previous term to 50% from the annual general meeting of shareholders in June 2026 onward. |
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.Following its consideration of multiple candidates, including the proposed candidate, the Nomination Committee concluded that electing the proposed candidate would not be optimal in terms of suitability for the management issues currently facing the Company and the role required to execute the medium-term management plan, as well as the overall skills balance of the Board of Directors.