Governance structure
The Company is scheduled to transition from a Company with an Audit and Supervisory Committee to a Company with an Audit & Supervisory Board. Following the transition, it will be a Company with an Audit & Supervisory Board.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.
Transition from a Company with an Audit and Supervisory Committee to a Company with an Audit & Supervisory Board, establishment of provisions relating to company auditors, deletion of provisions relating to the Audit and Supervisory Committee and directors who are Audit and Supervisory Committee members, deletion of provisions concerning electronic provision measures and related matters, and establishment of restrictions on share transfers.
| Item | Details |
|---|---|
| Corporate Governance Structure | The Company is scheduled to transition from a Company with an Audit and Supervisory Committee to a Company with an Audit & Supervisory Board. Following the transition, it will be a Company with an Audit & Supervisory Board. |
| Number of directors | No more than 12 directors. The number of outside directors is Not disclosed. |
| Committee | The Audit and Supervisory Committee is scheduled to be deleted. The nomination committee, compensation committee and proportion of outside committee members are Not disclosed. |
| Controlling shareholder | JX Advanced Metals Corporation. The Company is scheduled to become its wholly owned subsidiary following the effective date of the share exchange, but the voting rights ratio is Not disclosed. |
| Changes this time | Transition from a Company with an Audit and Supervisory Committee to a Company with an Audit & Supervisory Board, establishment of provisions relating to company auditors, deletion of provisions relating to the Audit and Supervisory Committee and directors who are Audit and Supervisory Committee members, deletion of provisions concerning electronic provision measures and related matters, and establishment of restrictions on share transfers. |
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.In light of the planned transition to becoming a wholly owned subsidiary of JX Advanced Metals Corporation, the Company will simplify its organizational structure and improve operational efficiency. Following the share exchange, JX Advanced Metals Corporation will be the Company's sole shareholder, making provisions concerning electronic provision measures and related matters unnecessary.