Governance structure
A new Paragraph 2 will be added to Article 18 of the Articles of Incorporation to require 2 or more outside directors, and the election of 4 directors will be submitted as an agenda item at the extraordinary general meeting of shareholders. The Company will increase the number of outside directors by 1 and directors by 2, and elect 1 director to fill the position of a director who will retire.
| Item | Details |
|---|---|
| Committee | Non-statutory Nomination and Compensation Committee (proportion of outside members: Not disclosed) |
| Changes this time | A new Paragraph 2 will be added to Article 18 of the Articles of Incorporation to require 2 or more outside directors, and the election of 4 directors will be submitted as an agenda item at the extraordinary general meeting of shareholders. The Company will increase the number of outside directors by 1 and directors by 2, and elect 1 director to fill the position of a director who will retire. |
Items this document does not state (6)
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 leverage advice from individuals who can supervise management from an independent and objective standpoint and promote sustainable growth and enhancement of corporate value. The changes are also intended to ensure management transparency and further strengthen corporate governance and the management structure.