Governance structure
Scheduled transition to a Company with an Audit and Supervisory Committee (currently a Company with a Board of Corporate Auditors)This is the number of people reported to the exchange as independent officers. Whether someone is an outside officer and whether they qualify as independent are separate determinations.
The company plans to change from a company with a Board of Corporate Auditors to a company with an Audit and Supervisory Committee. 3 directors who are Audit and Supervisory Committee members are scheduled to be appointed, and the 2 corporate auditors are scheduled to retire.
| Item | Details |
|---|---|
| Corporate Governance Structure | Scheduled transition to a Company with an Audit and Supervisory Committee (currently a Company with a Board of Corporate Auditors) |
| Number of directors | 12 planned after the transition (including 10 outside directors). Breakdown: 7 directors who are not Audit and Supervisory Committee members and 3 directors who are Audit and Supervisory Committee members. However, the table of candidates in the main text lists 7 directors who are not Audit and Supervisory Committee members and 3 Audit and Supervisory Committee members, for a total of 10; the total number is 10. |
| Number of independent officers | 4 planned after the transition (Hiroki Tomiyama (富山浩樹), Issei Mori (森一生), Yoshikazu Namekata (行方洋一), and Yuji Suzuki (鈴木裕司)) |
| Committee | Audit and Supervisory Committee: 3 outside members, 100% |
| Changes this time | The company plans to change from a company with a Board of Corporate Auditors to a company with an Audit and Supervisory Committee. 3 directors who are Audit and Supervisory Committee members are scheduled to be appointed, and the 2 corporate auditors are scheduled to retire. |
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.To strengthen the Board of Directors’ oversight function and corporate governance by making Audit and Supervisory Committee members part of the Board of Directors, and to improve management efficiency through faster decision-making and more agile business execution enabled by the delegation of authority.