Protecting Minority Shareholder Interests Through a Special Committee
First written in FY2023. 1 of 2 entries say "Restated". Latest entry: FY2024.
7 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「The Special Committee deliberates on the appropriateness of the details and terms of important transactions and other matters between the company or its subsidiaries and a shareholder holding more than one-third of the voting rights in the company's shares, including cases where it can be determined that more than one-third is effectively held by members of the same family or others, where the interests of minority shareholders may conflict with those of the company. It reports its conclusions to the Board of Directors from the perspective of protecting minority shareholders' interests.」
The company continues to maintain a framework under which the Special Committee deliberates on minority shareholders' interests in transactions that may involve conflicts of interest with controlling shareholders and others. - FY2023First statedAnnual report
「On 12 May 2023, the company established the committee as an advisory body to the Board of Directors. It is composed entirely of independent outside directors and independent outside corporate auditors.」
The company established a special committee to deliberate on the protection of minority shareholders' interests in important transactions and other matters that may involve conflicts of interest with controlling shareholders and others.