Komori
Governance7162ASTMAX Co.,Ltd.Electricity and gas

Notice Concerning the Board of Directors’ Opinion on the Shareholder Proposal

The Board of Directors resolved to oppose a shareholder proposal to remove Representative Director Ushijima Hideaki (牛嶋 英揚).

Worth reading
80Important
Scored from 1 of 5 sections
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
—
Displayed only when the document provides numerical figures.
Wording
Definitive
How definitive the wording is.

Governance structure

Committee1
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.

Governance structure
ItemDetails
CommitteeNomination and Compensation Advisory Committee (composed solely of external independent outside directors)
Changes this timeThe Board of Directors resolved to oppose the shareholder proposal.
Items this document does not state (6)
Corporate Governance StructureNumber of directorsNumber of independent officersPolicy on cross-shareholdingsTakeover defensesControlling shareholder

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.

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.
Notice Concerning the Board of Directors’ Opinion on the Shareholder Proposal | ASTMAX Co.,Ltd. (7162) timely disclosure | Komori