Governance structure
The Board of Directors resolved to oppose the shareholder proposal.
| Item | Details |
|---|---|
| Committee | Nomination and Compensation Advisory Committee (composed solely of external independent outside directors) |
| Changes this time | The Board of Directors resolved to oppose the shareholder proposal. |
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 the proposed removal would not be appropriate, citing his expertise and experience as a director, the evaluation conducted by the Nomination and Compensation Advisory Committee, his efforts to enhance corporate value, and the continuity and stable succession of the management structure. It also cited measures taken to address management responsibility, including a reduction in compensation, and the fact that the Company returned to profitability in the current fiscal year.