Governance structure
42.44% directly owned and 0.00% included in the aggregate). The ratio is expected to be 35.28% following the tender offer for treasury shares
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.
ENEOS Holdings,Inc.'s ownership ratio is expected to be 35.28% following the tender offer for the Company's treasury shares
| Item | Details |
|---|---|
| Committee | Nomination and Compensation Advisory Committee: A majority of the members are independent outside directors, and the chair is also an independent outside director |
| Controlling shareholder | Other affiliated company: ENEOS Holdings,Inc., with a voting rights ownership ratio of 42.44% (42.44% directly owned and 0.00% included in the aggregate). The ratio is expected to be 35.28% following the tender offer for treasury shares |
| Changes this time | ENEOS Holdings,Inc.'s ownership ratio is expected to be 35.28% following the tender offer for the Company's treasury shares |
| Protection of Minority Shareholders | Important matters are deliberated by the Nomination and Compensation Advisory Committee, and transactions are conducted only when their rationale and the appropriateness of their terms are ensured in accordance with the related-party transaction rules |
Items this document does not state (5)
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 the tender offer for treasury shares will change ENEOS Holdings,Inc.'s ownership ratio. Regarding minority shareholder protection, the Company states that important matters are deliberated by the Nomination and Compensation Advisory Committee, a majority of whose members are independent outside directors and whose chair is also an independent outside director, and that transactions are conducted only when their rationale and the appropriateness of their terms are ensured in accordance with the related-party transaction rules.