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Governance4464SOFT99corporationMaterials and Chemicals

Matters Concerning Controlling Shareholders

Disclosed that ECM MASTER FUND SPV3 is the parent company holding 54.82% of the voting rights. There are no transactions with the parent company. The disclosure describes measures to protect minority shareholders, under which any such transactions would be deliberated and resolved by the Board of Directors with outside directors and outside Audit & Supervisory Board Members participating.

Worth reading
78Important
Scored from 1 of 5 sections
Direction
Neutral
Direction inferred from the company’s description.
Scale
54.82
Voting rights ownership ratio (%)
Wording
Definitive
How definitive the wording is.

Governance structure

Controlling shareholder
ECM MASTER FUND SPV3, parent company, voting rights ownership ratio 54.82%54.82%Voting rights

direct ownership 50.02%, amount included in aggregation 4.8%

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.

Governance structure
ItemDetails
Controlling shareholderECM MASTER FUND SPV3, parent company, voting rights ownership ratio 54.82% (direct ownership 50.02%, amount included in aggregation 4.8%)
Items this document does not state (7)
Corporate Governance StructureNumber of directorsNumber of independent officersCommitteePolicy on cross-shareholdingsTakeover defensesChanges this time

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.

If transactions or other dealings with the parent company are conducted, the appropriateness of the transaction terms and decision-making process will be deliberated and resolved by the Board of Directors with outside directors and outside Audit & Supervisory Board Members participating, in order to ensure independence and protect the interests of minority shareholders.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Matters Concerning Controlling Shareholders | SOFT99corporation (4464) timely disclosure | Komori