Governance structure
direct ownership
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.
Following Dai Nippon Toryo Company,Limited becoming the Company's consolidated subsidiary, an Independent Officers Committee was established as a voluntary advisory body to protect minority shareholders.
| Item | Details |
|---|---|
| Number of directors | 5 directors (the number of outside directors is Not disclosed) |
| Committee | Independent Officers Committee (comprising outside directors and outside corporate auditors; proportion of outside members: Not disclosed) |
| Controlling shareholder | Dai Nippon Toryo Company,Limited, voting rights ownership ratio of 50.10% (direct ownership) |
| Changes this time | Following Dai Nippon Toryo Company,Limited becoming the Company's consolidated subsidiary, an Independent Officers Committee was established as a voluntary advisory body to protect minority shareholders. |
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.Following Dai Nippon Toryo Company,Limited becoming the Company's consolidated subsidiary, to deliberate and review important transactions and actions that could give rise to conflicts of interest between the parent company or its group companies and minority shareholders, from the standpoint of protecting minority shareholders.