Governance structure
parent company; voting rights ownership ratio: 68.1%; indirect ownership ratio: 68.1%) / JFEスチール株式会社 (parent company; voting rights ownership ratio: 68.1%, of which 2.6% is indirect 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.
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 | 3 |
| Controlling shareholder | JFE Holdings,Inc. (parent company; voting rights ownership ratio: 68.1%; indirect ownership ratio: 68.1%) / JFEスチール株式会社 (parent company; voting rights ownership ratio: 68.1%, of which 2.6% is indirect ownership) |
Items this document does not state (6)
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 JFE Holdings,Inc. is the ultimate parent company of JFEスチール株式会社, it is identified as the parent company, etc. with the greatest influence on the listed company. Regarding the protection of minority shareholders, it explained that transaction terms with the parent company group are determined reasonably by considering contractual terms and market prices, in the same manner as transactions with companies that have no capital relationship.