Governance structure
Company with Three Statutory CommitteesThe Group holds listed shares that, after verification of their medium- to long-term economic rationale and future prospects, are judged to contribute to the enhancement of the Group's corporate value over the medium to long term. Each year, the Board of Directors comprehensively considers the purpose of holding each strategic shareholding, the benefits and risks associated with holding it, and other factors, and verifies whether continued ownership is appropriate. Shares judged unsuitable for continued ownership are reduced in stages.
Policy regarding shares of other companies held to maintain business relationships and for other purposes.
No changes from the previous report are described.
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with Three Statutory Committees |
| Number of directors | 10 directors (including 9 outside directors) |
| Committee | Nomination Committee (outside members comprise a majority), Compensation Committee (outside members comprise a majority), Audit Committee (outside members comprise a majority), Innovation & Safety (I&S) Committee (composed of independent outside directors) |
| Policy on cross-shareholdings | The Group holds listed shares that, after verification of their medium- to long-term economic rationale and future prospects, are judged to contribute to the enhancement of the Group's corporate value over the medium to long term. Each year, the Board of Directors comprehensively considers the purpose of holding each strategic shareholding, the benefits and risks associated with holding it, and other factors, and verifies whether continued ownership is appropriate. Shares judged unsuitable for continued ownership are reduced in stages. |
| Changes this time | No changes from the previous report are described. |
Items this document does not state (3)
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.To promote sustainable growth and the enhancement of corporate value over the medium to long term, ensure transparent, fair, swift and decisive decision-making, and enhance the Board of Directors' supervisory function.