Governance structure
The Company received the shareholder proposals, treated all 3 as valid proposals and resolved that the Board of Directors would oppose them. There is no indication that the Company changed its own corporate governance structure or Board composition.
| Item | Details |
|---|---|
| Number of directors | Total: Not disclosed, including 2 outside directors |
| Changes this time | The Company received the shareholder proposals, treated all 3 as valid proposals and resolved that the Board of Directors would oppose them. There is no indication that the Company changed its own corporate governance structure or Board composition. |
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.The Company explained that it already discloses its medium-term management plan and capital allocation policy, and that fixing them in the Articles of Incorporation would impair management flexibility. It also stated that the current Board of Directors, which includes 2 outside directors, has an appropriate balance of size, knowledge, experience and diversity, as well as appropriate oversight, compliance and governance systems. Accordingly, it considers increasing the number of directors or appointing the proposed candidates unnecessary and inappropriate.