Governance structure
Company with an Audit and Supervisory Committeea major shareholder that beneficially owns 25% of the voting rights
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.
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.
A proposal for the election of outside officers will be submitted to the Annual General Meeting of Shareholders. Kadota Yasuto (門田泰人) is listed as a newly appointed outside director and has not been designated as an independent officer because he is the representative of a major shareholder. Kim Chisu (金智寿) is also listed as newly appointed and has been designated as an independent officer.
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with an Audit and Supervisory Committee |
| Number of directors | 7 (including 7 outside directors) |
| Number of independent officers | 6 |
| Controlling shareholder | Axiom Capital Pte. Ltd. (a major shareholder that beneficially owns 25% of the voting rights) |
| Changes this time | A proposal for the election of outside officers will be submitted to the Annual General Meeting of Shareholders. Kadota Yasuto (門田泰人) is listed as a newly appointed outside director and has not been designated as an independent officer because he is the representative of a major shareholder. Kim Chisu (金智寿) is also listed as newly appointed and has been designated as an independent officer. |
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.Because a proposal for the election of outside officers will be submitted to the Annual General Meeting of Shareholders. The company has notified as independent officers those it determined have no risk of conflicts of interest with general shareholders, based on the outside-director requirements under the Companies Act and the Tokyo Stock Exchange's independence standards.