Governance structure
40.3% voting rights ownership
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.
An Independent Officer Notification Form was filed because proposals for the appointment of outside officers will be submitted to the annual general meeting of shareholders. No specific changes from the previous report were stated.
| Item | Details |
|---|---|
| Number of independent officers | 4 |
| Controlling shareholder | 都築木材株式会社 (40.3% voting rights ownership) |
| Changes this time | An Independent Officer Notification Form was filed because proposals for the appointment of outside officers will be submitted to the annual general meeting of shareholders. No specific changes from the previous report were stated. |
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 outside officers will be submitted to the Annual General Meeting of Shareholders. The company states that it designates all outside officers who meet the requirements for independent officer status as independent officers.