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.
Dividends and other distributions from surplus will be determinable not only by resolution of the Board of Directors but also by resolution of a General Meeting of Shareholders. The provision in the current Articles of Incorporation stating that such matters are not to be determined by resolution of a General Meeting of Shareholders will be deleted.
| Item | Details |
|---|---|
| Controlling shareholder | The Northern Trust Company AVFC Re: Silchester International Investors International Value Equity Trust is listed as the proposing shareholder, but whether it is a controlling shareholder and its voting rights ratio are Not disclosed |
| Changes this time | Dividends and other distributions from surplus will be determinable not only by resolution of the Board of Directors but also by resolution of a General Meeting of Shareholders. The provision in the current Articles of Incorporation stating that such matters are not to be determined by resolution of a General Meeting of Shareholders will be deleted. |
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 importance of constructive dialogue with shareholders has increased regarding matters such as enhancing shareholder returns and allocating funds to growth investments. The purpose is to ensure shareholders have the opportunity to express their views at a General Meeting of Shareholders.