Governance structure
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 Board of Directors resolved to oppose all 4 proposals as its opinion on the shareholder proposals.
| Item | Details |
|---|---|
| Number of directors | 10 directors (including 3 independent outside directors) |
| Number of independent officers | 3 |
| Committee | Advisory Board (comprising the Representative Director, 3 outside directors and 2 outside corporate auditors; 5 outside members out of 6) |
| Changes this time | The Board of Directors resolved to oppose all 4 proposals as its opinion on the shareholder proposals. |
Items this document does not state (4)
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.Share repurchases could deprive the Company of funding for growth investments, potentially impeding sustainable growth and the enhancement of corporate value over the medium to long term. Making independent outside directors a majority could limit the range of candidates for directorships and hinder the formation of an optimal Board of Directors. The current stock-based compensation plan sufficiently ensures the sharing of value with shareholders. Changing the record date for voting rights could delay the timing of the general meeting of shareholders and create difficulties with the payment of the year-end dividend and practical administration.