Governance structure
parent company; voting rights ownership ratio: 53.5%; listed on the Tokyo Stock Exchange Prime Market
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 independent officers | 5 (listed as committee members) |
| Committee | Committee on Material Transactions, etc. with Controlling Shareholders, etc.: 2 outside directors and 3 outside audit and supervisory board members, with outside members accounting for 100% of the committee |
| Controlling shareholder | AGC Inc. (parent company; voting rights ownership ratio: 53.5%; listed on the Tokyo Stock Exchange Prime Market) |
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 leverage the management resources of the AGC Group and provide outstanding products and services. In addition, to strengthen the independence and objectivity of the Board of Directors' functions and accountability with respect to material transactions with controlling shareholders, etc., and to ensure that the interests of minority shareholders are not harmed.