Governance structure
parent company; voting rights ownership ratio: 50.24%). 株式会社ネクスティエレクトロニクス (other affiliated company; voting rights ownership ratio: 23.56%
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.
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.
| Item | Details |
|---|---|
| Number of directors | 12 (including 4 outside directors) |
| Number of independent officers | 6 |
| Committee | Special Committee (comprising independent outside directors and independent outside Audit & Supervisory Board members); ratio of outside members: Not disclosed |
| Controlling shareholder | TOYOTA TSUSHO CORPORATION (parent company; voting rights ownership ratio: 50.24%). 株式会社ネクスティエレクトロニクス (other affiliated company; voting rights ownership ratio: 23.56%) |
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.The Company states that leveraging the TOYOTA TSUSHO group’s network is expected to have a positive effect on its business activities. It also states that the framework is intended to deliberate the necessity, rationality and appropriateness of transactions with the parent company group and manage conflicts of interest.