Governance structure
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.
No changes from the previous report were stated
| Item | Details |
|---|---|
| Number of directors | 9, including 5 independent outside directors (the total number of outside directors is Not disclosed) |
| Number of independent officers | 5 |
| Controlling shareholder | Mitsubishi Chemical Group Corporation. Voting rights ownership ratio: 50.7% directly owned, 0.0% included in the combined figure, for a total of 50.7%. Listed on the Tokyo Stock Exchange Prime Market. |
| Changes this time | No changes from the previous report were stated |
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.To achieve expanded sales, stronger product competitiveness and the development of new markets through broad-based business cooperation, including capital ties. To protect minority shareholders, reasonable terms and prices are determined with reference to other transactions and market prices, board approval is required for significant non-routine transactions, and a majority of the board is made up of independent outside directors.