Governance structure
parent company); 56.11% voting rights ownership ratio (55.65% directly owned, 0.46% attributable 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.
No concrete changes from the previous report are stated
| Item | Details |
|---|---|
| Number of directors | 7 directors in total, including 3 independent outside directors |
| Number of independent officers | 3 (independent outside directors; 2 independent outside audit and supervisory board members are also listed) |
| Committee | Special Committee; 100% outside members (composed of all independent outside directors) |
| Controlling shareholder | NIPPON STEEL CORPORATION (parent company); 56.11% voting rights ownership ratio (55.65% directly owned, 0.46% attributable ownership) |
| Changes this time | No concrete changes from the previous report are stated |
Items this document does not state (3)
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 company explained that it seeks to enhance corporate value through collaboration with the parent company in manufacturing equipment and operating technology, sales, human resources, information security and other areas. Material transactions involving conflicts of interest with the parent company are deliberated and considered by a special committee composed of all independent outside directors and decided by the Board of Directors, thereby addressing such matters so as not to disadvantage minority shareholders.