Governance structure
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.
The outside director and independent officer will change from Suzuki Takao (鈴木孝男) to Oshita Masashi (大下政司), who is scheduled to be newly designated as an outside director and independent officer.
| Item | Details |
|---|---|
| Number of independent officers | 7 (4 outside directors and 3 outside corporate auditors) |
| Controlling shareholder | No controlling shareholder or parent company is disclosed. The Bank of Yokohama, Ltd. is listed as a major shareholder holding 4.93% of the Company's voting rights. |
| Changes this time | The outside director and independent officer will change from Suzuki Takao (鈴木孝男) to Oshita Masashi (大下政司), who is scheduled to be newly designated as an outside director and independent officer. |
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.A proposal to elect Oshita Masashi (大下政司) as an outside director will be submitted to the Annual General Meeting of Shareholders. Suzuki Takao (鈴木孝男) will retire by resignation at the conclusion of the same meeting.