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 notification was updated because proposals to elect outside officers will be submitted to the Annual General Meeting of Shareholders. Goda Mitsuhiro (合田光広), Otani Masayoshi (大谷昌義), and Taki Yojiro (瀧洋二郎) are listed as new appointees.
| Item | Details |
|---|---|
| Number of directors | 3 outside directors, all of whom are independent officers; the number of inside directors and the total number of directors are Not disclosed |
| Number of independent officers | 5 |
| Controlling shareholder | The controlling shareholder and parent company are Not disclosed. 大谷製鉄株式会社 is listed as a major shareholder, with a 19.85% ownership interest. |
| Changes this time | The notification was updated because proposals to elect outside officers will be submitted to the Annual General Meeting of Shareholders. Goda Mitsuhiro (合田光広), Otani Masayoshi (大谷昌義), and Taki Yojiro (瀧洋二郎) are listed as new appointees. |
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 a proposal to elect outside officers will be submitted to the annual general meeting.