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 notification was updated because a proposal to elect outside directors will be submitted to the Ordinary General Meeting of Shareholders. Jean-Luc Butel and Costa Saroukos were newly added.
| Item | Details |
|---|---|
| Number of directors | 10 outside directors, all 10 of whom are independent officers. Total number of directors: Not disclosed |
| Number of independent officers | 10 |
| Committee | Nomination Committee, Compensation Committee, Audit Committee, and Innovation & Safety (I&S) Committee. Proportion of outside committee members: Not disclosed |
| Changes this time | The notification was updated because a proposal to elect outside directors will be submitted to the Ordinary General Meeting of Shareholders. Jean-Luc Butel and Costa Saroukos were newly added. |
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.Because proposals to elect outside directors will be submitted to the Ordinary General Meeting of Shareholders. The Company determined that the new candidates meet the independence criteria for outside officers prescribed by the Tokyo Stock Exchange and the Company's own independence criteria, and that they are unlikely to give rise to conflicts of interest with general shareholders.