Worth reading
71In focus
Scored from 3 of 5 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
—
Displayed only when the document provides numerical figures.Wording
Definitive
How definitive the wording is.Governance structure
Company with an Audit and Supervisory CommitteeNumber of directors13 directors (including 5 outside directors)
Committee1
Nomination and Compensation Advisory Committee
Changes this time
The Board of Directors resolved to oppose the shareholder proposal. The amendment to the Articles of Incorporation is not a company proposal.
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with an Audit and Supervisory Committee |
| Number of directors | 13 directors (including 5 outside directors) |
| Committee | Nomination and Compensation Advisory Committee (proportion of outside members: not disclosed) |
| Changes this time | The Board of Directors resolved to oppose the shareholder proposal. The amendment to the Articles of Incorporation is not a company proposal. |
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.Requiring a majority of outside directors in the Articles of Incorporation could place undue priority on securing the required number of directors, unnecessarily restricting the pool of candidates, hindering the formation of an optimal Board in response to changes in the business environment and management strategy, and potentially impeding the enhancement of 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.