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Governance6023DAIHATSU INFINEARTH MFG.CO.,LTD.Automobiles and transportation equipment

Summary of the Results of the Evaluation of the Effectiveness of the Board of Directors

The company conducted an evaluation of the Board of Directors’ effectiveness and disclosed the evaluation methodology developed with the assistance of an external organization, along with five issues and action policies to be addressed going forward. The evaluation found that the Board’s effectiveness was generally ensured, and stated that its composition is expected to improve significantly following the transition to a company with an Audit and Supervisory Committee.

Worth reading
82Important
Scored from 2 of 5 sections
Direction
Improvement
Direction inferred from the company’s description.
Scale
—
Displayed only when the document provides numerical figures.
Wording
Conditional
How definitive the wording is.

Governance structure

Company with an Audit and Supervisory Committee
Number of directors10 directors (of whom the number of outside directors is Not disclosed)
Committee1
Nomination and Compensation Advisory Committee
Changes this time

After identifying issues from the previous fiscal year and considering the appropriate corporate governance structure for the Board of Directors, the company transitioned to a company with an Audit and Supervisory Committee. It also stated its policy of appointing an outside director as chair of the Nomination and Compensation Advisory Committee.

Governance structure
ItemDetails
Corporate Governance StructureCompany with an Audit and Supervisory Committee
Number of directors10 directors (of whom the number of outside directors is Not disclosed)
CommitteeNomination and Compensation Advisory Committee (proportion of outside members: not disclosed)
Changes this timeAfter identifying issues from the previous fiscal year and considering the appropriate corporate governance structure for the Board of Directors, the company transitioned to a company with an Audit and Supervisory Committee. It also stated its policy of appointing an outside director as chair of the Nomination and Compensation Advisory Committee.
Items this document does not state (4)
Number of independent officersPolicy on cross-shareholdingsTakeover defensesControlling shareholder

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.

To enhance the effectiveness of the Board of Directors, build a more robust corporate governance framework, and improve corporate value over the medium to long term.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Summary of the Results of the Evaluation of the Effectiveness of the Board of Directors | DAIHATSU INFINEARTH MFG.CO.,LTD. (6023) timely disclosure | Komori