Governance structure
The Board of Directors resolved to oppose the shareholder proposal. The Company explained that it reviews Group management, including its listed subsidiaries, through the Management Committee and Board of Directors, and opposed establishing a Listed Subsidiary Strategy Review Committee under the Articles of Incorporation.
| Item | Details |
|---|---|
| Committee | Listed Subsidiary Strategy Review Committee (shareholder proposal; the Company opposes its establishment) / Percentage of outside members: Not disclosed |
| Changes this time | The Board of Directors resolved to oppose the shareholder proposal. The Company explained that it reviews Group management, including its listed subsidiaries, through the Management Committee and Board of Directors, and opposed establishing a Listed Subsidiary Strategy Review Committee under the Articles of Incorporation. |
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.The Group’s management, including its listed subsidiaries, is being reviewed in a timely and appropriate manner by the existing Management Committee and Board of Directors in response to changes in the business environment and Group strategy. In addition, prescribing the establishment of a committee uniformly and permanently in the Articles of Incorporation could hinder agile changes in policy and the execution of business operations.