Governance structure
Company with an Audit and Supervisory CommitteeThe Company plans to transition to a governance structure in which outside directors constitute a majority, reducing the upper limit on the number of directors from 14 to 11. Persons other than the president will be permitted to be selected as the person authorized to convene and chair general meetings of shareholders and meetings of the Board of Directors, and provisions concerning directors with titles, executive officers, advisers and consultants will be deleted.
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with an Audit and Supervisory Committee |
| Number of directors | No more than 11 directors, including no more than 4 directors who are Audit and Supervisory Committee members |
| Changes this time | The Company plans to transition to a governance structure in which outside directors constitute a majority, reducing the upper limit on the number of directors from 14 to 11. Persons other than the president will be permitted to be selected as the person authorized to convene and chair general meetings of shareholders and meetings of the Board of Directors, and provisions concerning directors with titles, executive officers, advisers and consultants will be deleted. |
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.To further strengthen the Board of Directors' management oversight function, enabling the Company to respond flexibly to changes in the business environment and make prompt and appropriate decisions and conduct effective discussions. The change will also enable the Company to flexibly establish an optimal management structure.