Governance structure
53.5% directly owned and 0.1% included in the aggregate). The company's shares are listed on the Prime Market of the Tokyo Stock Exchange and the Premier Market of the Nagoya Stock Exchange
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.
| Item | Details |
|---|---|
| Number of independent officers | 2 independent outside directors and 2 independent outside Audit & Supervisory Board members, for a total of 4 (the total number of officers for the entire organization is not disclosed) |
| Committee | Voluntary special committee, the Parent Company Transactions Advisory Committee. Comprises 2 independent outside directors and 2 independent outside Audit & Supervisory Board members, for a total of 4 members (100% of the members are outside members) |
| Controlling shareholder | Parent company: Shin-Etsu Chemical Co.,Ltd. Voting rights ownership ratio: 53.6% (53.5% directly owned and 0.1% included in the aggregate). The company's shares are listed on the Prime Market of the Tokyo Stock Exchange and the Premier Market of the Nagoya Stock Exchange |
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.To maintain cooperation with the parent company group while enabling each company to manage its business as an independent entity and take advantage of the management benefits of being listed. With respect to minority shareholder protection, the purpose is to protect the interests of general shareholders by setting transaction terms based on market prices and ensuring the fairness of material transactions and actions.