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.
The filing was submitted because a proposal to elect outside officers will be submitted to the Annual General Meeting of Shareholders. Kubokawa Junko (窪川潤子) is stated to be newly appointed.
| Item | Details |
|---|---|
| Number of directors | 5 outside directors (3 outside Audit & Supervisory Board Members) are stated. The total number of directors and the total number including outside directors are Not disclosed. |
| Number of independent officers | 7 (4 outside directors and 3 outside corporate auditors) |
| Controlling shareholder | TORAY INDUSTRIES,INC. is stated as a major shareholder, holding 17.2% of voting rights in the previous fiscal year. However, whether it is a controlling shareholder or parent company is Not disclosed. |
| Changes this time | The filing was submitted because a proposal to elect outside officers will be submitted to the Annual General Meeting of Shareholders. Kubokawa Junko (窪川潤子) is stated to be newly appointed. |
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.Because proposals for the election of outside officers will be submitted to the Annual General Meeting of Shareholders.