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Governance6753Sharp CorporationElectrical Equipment and Precision Instruments

Matters Concerning Controlling Shareholders

Disclosed the voting rights ownership, relationship with the parent group, and procedures for protecting minority shareholders with respect to the parent company, Hon Hai Precision Industry Co., Ltd. No specific changes from the previous disclosure are stated in the text.

Worth reading
86Important
Scored from 1 of 5 sections
Direction
Neutral
Direction inferred from the company’s description.
Scale
54.2
Voting rights ownership ratio (total for Hon Hai Precision Industry Co., Ltd. and companies with close relationships)
Wording
Conditional
How definitive the wording is.

Governance structure

Controlling shareholder
Hon Hai Precision Industry Co., Ltd.22.30%Voting rights

parent company): directly owns 22.3% of voting rights, with 11.8% subject to aggregation, for a total of 34.1%. Including companies with close relationships, the total is 54.2%.

When one company holds most of the voting rights, its wishes are more likely to prevail in management. How the interests of minority shareholders are protected is a key issue.

Changes this time

No changes from the previous report are stated.

Governance structure
ItemDetails
Controlling shareholderHon Hai Precision Industry Co., Ltd. (parent company): directly owns 22.3% of voting rights, with 11.8% subject to aggregation, for a total of 34.1%. Including companies with close relationships, the total is 54.2%.
Changes this timeNo changes from the previous report are stated.
Items this document does not state (6)
Corporate Governance StructureNumber of directorsNumber of independent officersCommitteePolicy on cross-shareholdingsTakeover defenses

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 business synergies through collaboration with the parent group and pursue greater operating efficiency and growth in sales and profit. In addition, to ensure the fairness and transparency of transactions and protect the interests of minority shareholders, material transactions are reviewed and approved by the Board of Directors, a majority of whose members are independent outside directors.

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.
Matters Concerning Controlling Shareholders | Sharp Corporation (6753) timely disclosure | Komori