Governance structure
Planned change to a company with an Audit and Supervisory Committee (currently a company with an Audit & Supervisory Board)Investment in, holding and management of shares, corporate bonds and other securities will be included in the business purposes. Policy on cross-shareholdings: Not disclosed
Policy regarding shares of other companies held to maintain business relationships and for other purposes.
Provisions concerning Audit & Supervisory Board members and the Audit & Supervisory Board will be deleted, and provisions concerning directors serving as Audit and Supervisory Committee members and the Audit and Supervisory Committee will be introduced. The limit on the number of directors will change from a uniform limit of 9 to up to 4 directors who are not Audit and Supervisory Committee members and up to 5 directors who are Audit and Supervisory Committee members. Business purposes will be added and reorganized, and a provision allowing decisions on important business execution to be delegated to directors will be introduced.
| Item | Details |
|---|---|
| Corporate Governance Structure | Planned change to a company with an Audit and Supervisory Committee (currently a company with an Audit & Supervisory Board) |
| Number of directors | Under the proposed amendments, up to 4 directors other than directors serving as Audit and Supervisory Committee members and up to 5 directors serving as Audit and Supervisory Committee members. The total limit is 9 directors. |
| Committee | Audit and Supervisory Committee. The proportion of outside committee members is not disclosed. |
| Policy on cross-shareholdings | Investment in, holding and management of shares, corporate bonds and other securities will be included in the business purposes. Policy on cross-shareholdings: Not disclosed |
| Changes this time | Provisions concerning Audit & Supervisory Board members and the Audit & Supervisory Board will be deleted, and provisions concerning directors serving as Audit and Supervisory Committee members and the Audit and Supervisory Committee will be introduced. The limit on the number of directors will change from a uniform limit of 9 to up to 4 directors who are not Audit and Supervisory Committee members and up to 5 directors who are Audit and Supervisory Committee members. Business purposes will be added and reorganized, and a provision allowing decisions on important business execution to be delegated to directors will be introduced. |
Items this document does not state (3)
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 will add business purposes to accommodate business diversification and change to a company with an Audit and Supervisory Committee to strengthen its audit and oversight functions and accelerate decision-making.