Protection of Minority Shareholders in Transactions with a Controlling Shareholder
First written in FY2017. 6 of 7 entries say "Restated". Latest entry: FY2024.
46 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「Our basic policy is to ensure that any transactions with the controlling shareholder are conducted on appropriate terms comparable to those of ordinary transactions. Regarding the appropriateness of the transaction details and terms, we consult outside experts such as legal advisers as necessary and seek to protect minority shareholders by having the matters deliberated under the strict judgment of directors other than the representative director, chairman and CEO (the controlling shareholder).」
The company continues its policy of applying ordinary transaction terms, consulting outside professionals, and having directors other than the controlling shareholder deliberate transactions with the controlling shareholder. - FY2022RestatedAnnual report
「Our basic policy is to ensure that any transactions with the controlling shareholder are conducted on appropriate terms comparable to those of ordinary transactions. Regarding the appropriateness of the transaction details and terms, we consult outside experts such as legal advisers as necessary and seek to protect minority shareholders by having the matters deliberated under the strict judgment of directors other than the representative director, chairman and president (the controlling shareholder).」
The company continues its policy of applying ordinary transaction terms, consulting outside professionals, and having directors other than the controlling shareholder deliberate transactions with the controlling shareholder. - FY2021RestatedAnnual report
「We seek to protect minority shareholders by having matters deliberated under the strict judgment of directors other than the representative director, chairman and president (the controlling shareholder).」
We continue to maintain a policy of having transactions with the controlling shareholder deliberated by directors other than the controlling shareholder. - FY2020RestatedAnnual report
「We work to protect minority shareholders by deliberating transactions under rigorous review by directors other than the representative director, chairman and CEO, who is the controlling shareholder.」
The company continues its policy of applying ordinary transaction terms, consulting outside professionals, and having directors other than the controlling shareholder deliberate transactions with the controlling shareholder. - FY2019RestatedAnnual report
「We work to protect minority shareholders by making decisions through a board resolution following rigorous review by directors other than the representative director, chairman and CEO, who is the controlling shareholder.」
The company continues its policy of applying ordinary transaction terms, consulting outside professionals, and having directors other than the controlling shareholder and the Board review transactions with the controlling shareholder. - FY2018RestatedAnnual report
「We work to protect minority shareholders by making decisions through a board resolution following rigorous review by directors other than the representative director, chairman and CEO, who is the controlling shareholder.」
The company continues its policy of applying ordinary transaction terms, consulting outside professionals, and having directors other than the controlling shareholder and the Board review transactions with the controlling shareholder. - FY2017First statedAnnual report
「If a transaction arises with the controlling shareholder, our basic policy is to apply appropriate terms equivalent to those in ordinary transactions. Regardless of the transaction value, we consult outside professionals, including legal counsel, as necessary regarding the appropriateness of the transaction and its terms, and make decisions through a board resolution approved following rigorous review by directors other than the representative director and president, who is the controlling shareholder, thereby working to protect minority shareholders.」
The company has for the first time explicitly stated a policy of applying ordinary transaction terms, consulting outside professionals, and having the Board review transactions with the controlling shareholder.