Governance structure
Planned transition to a Company with an Audit and Supervisory Committee (the current structure appears to be a Company with a Board of Corporate Auditors)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.
The company plans to change from a Company with a Board of Corporate Auditors to a Company with an Audit and Supervisory Committee. It has presented the candidates for directors following the transition and will establish a structure in which directors who are Audit and Supervisory Committee members have voting rights at meetings of the Board of Directors.
| Item | Details |
|---|---|
| Corporate Governance Structure | Planned transition to a Company with an Audit and Supervisory Committee (the current structure appears to be a Company with a Board of Corporate Auditors) |
| Number of directors | 9 directors following the transition (including 5 outside directors) |
| Number of independent officers | 4 |
| Committee | Audit and Supervisory Committee. 3 of 4 members are outside members (75%). Nomination and Compensation Committee: not disclosed |
| Changes this time | The company plans to change from a Company with a Board of Corporate Auditors to a Company with an Audit and Supervisory Committee. It has presented the candidates for directors following the transition and will establish a structure in which directors who are Audit and Supervisory Committee members have voting rights at meetings of the Board of Directors. |
Items this document does not state (3)
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.The company states that the transition will strengthen its supervisory function by making directors who are Audit and Supervisory Committee members part of the Board of Directors, and will accelerate decision-making by separating business execution from the Board of Directors and further delegating authority. Through these measures, the company aims to achieve its medium-term management plan and enhance corporate value over the medium to long term.