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.
Suzuki Kimiko (鈴木公子) is newly appointed as an outside director, and Ito Arata (伊東新) as an outside Audit & Supervisory Board member. Corrections and changes have been made regarding Nakamura Motoshi (中村元志), an outside Audit & Supervisory Board member. All persons who meet the qualifications for independent officer status have been designated as independent officers.
| Item | Details |
|---|---|
| Number of directors | 2 outside directors (total number of directors: Not disclosed) |
| Number of independent officers | 3 (2 outside directors and 1 outside audit & supervisory board member) |
| Controlling shareholder | TOYOTA MOTOR CORPORATION is stated to be a major shareholder, but its status as a controlling shareholder and voting rights ratio are Not disclosed |
| Changes this time | Suzuki Kimiko (鈴木公子) is newly appointed as an outside director, and Ito Arata (伊東新) as an outside Audit & Supervisory Board member. Corrections and changes have been made regarding Nakamura Motoshi (中村元志), an outside Audit & Supervisory Board member. All persons who meet the qualifications for independent officer status have been designated as independent officers. |
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 proposals for the election of outside officers will be submitted to the Annual General Meeting of Shareholders.