Governance structure
Company with an Audit and Supervisory CommitteeReview of the Nomination and Compensation Committee's rules, policy to institutionalize a succession plan, commencement of compensation deliberations, separation of the roles of Chair of the Board and President, increase in the number of Audit & Supervisory Committee members to 4, corrections to past disclosures, requests for repayments and fee reductions from advisers and others, and requests for repayments from former management.
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with an Audit and Supervisory Committee |
| Committee | Nomination and Compensation Committee (percentage of outside members: not disclosed), Audit & Supervisory Committee (4 members, including 2 outside members; percentage: not disclosed) |
| Changes this time | Review of the Nomination and Compensation Committee's rules, policy to institutionalize a succession plan, commencement of compensation deliberations, separation of the roles of Chair of the Board and President, increase in the number of Audit & Supervisory Committee members to 4, corrections to past disclosures, requests for repayments and fee reductions from advisers and others, and requests for repayments from former management. |
Items this document does not state (5)
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 address governance deficiencies identified in the Special Investigation Committee's investigation report, including insufficient oversight and deliberative functions of the Nomination and Compensation Committee, the lack of a monitoring function at the Board of Directors, and the Audit & Supervisory Committee's failure to fulfill its expected role.