Governance structure
Company with an Audit and Supervisory CommitteeThe Company evaluates and classifies strategic shareholdings from both investment and policy perspectives, verifies at least once a year whether continued ownership is appropriate, and proceeds with reducing such holdings. The number of issues and the amount are not stated.
Policy regarding shares of other companies held to maintain business relationships and for other purposes.
The Board of Directors resolved to oppose the shareholder proposals. No changes to the corporate governance structure, committee composition or other matters from the previous report are stated.
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with an Audit and Supervisory Committee |
| Policy on cross-shareholdings | The Company evaluates and classifies strategic shareholdings from both investment and policy perspectives, verifies at least once a year whether continued ownership is appropriate, and proceeds with reducing such holdings. The number of issues and the amount are not stated. |
| Changes this time | The Board of Directors resolved to oppose the shareholder proposals. No changes to the corporate governance structure, committee composition or other matters from the previous report are stated. |
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.The Board opposed the proposal to change the corporate name because the current name is widely recognized and appropriate; the proposal concerning the chair of the Board of Directors because it is best for a director familiar with the Company's business to serve as chair; the proposal to abolish the system for substitute Audit and Supervisory Committee members because the system is effective in securing the required number of independent outside directors, involves no remuneration, and would not increase expenses; the proposal concerning strategic shareholdings because the Company already has policies for reviewing and reducing such holdings; and the proposal to dismiss officers because each officer is adequately fulfilling their responsibilities.