Governance structure
Company with an Audit and Supervisory Committeeincluding 0.04% held by its subsidiaries). Listed on the Prime Market of the Tokyo Stock Exchange
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 |
|---|---|
| Corporate Governance Structure | Company with an Audit and Supervisory Committee |
| Number of independent officers | not disclosed (stated that 3 of the 4 directors who are Audit and Supervisory Committee members are independent outside directors) |
| Committee | Voluntary nomination and compensation committee (independent outside directors constitute a majority of the members), Audit and Supervisory Committee (outside members account for 3/4) |
| Controlling shareholder | SUMITOMO CHEMICAL COMPANY,LIMITED, holding 55.95% of the voting rights (including 0.04% held by its subsidiaries). Listed on the Prime Market of the Tokyo Stock Exchange |
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.As a member of the parent company group, we conduct our business under the group's strategy and seek to enhance corporate value while leveraging the group's management resources. To ensure autonomy and respect the rights of minority shareholders, we have established independent outside directors and voluntary nomination and compensation committees, among other measures.