Appointment of Outside Directors with Ties to Major Shareholders and Key Business Partners
First written in FY2017. 1 of 4 entries say "Restated". Latest entry: FY2023.
0 other companies' latest entry also says "Mitigated".
- FY2023MitigatedAnnual report
「The individual also serves as an executive officer of SATO SHO-JI CORPORATION, which is both a major shareholder and a major business partner. SATO SHO-JI CORPORATION holds 12.59% of the voting rights in the company’s shares. The company addresses potential conflicts of interest and other issues lawfully and appropriately in accordance with applicable laws and regulations and the rules of the Board of Directors, and has determined that the outside director’s independence from SATO SHO-JI CORPORATION is secured and does not impede the company’s independent and fair management decisions.」
The position of the outside director affiliated with SATO SHO-JI CORPORATION changed to executive officer, while SATO SHO-JI CORPORATION’s voting interest declined from approximately 30% to 12.59%. The company explained how it ensures independence and addresses conflicts of interest. - FY2019Change in position of a major business partner’s representativeAnnual report
「The individual also serves as general manager of SATO SHO-JI CORPORATION, which is both a major shareholder and a major business partner.」
The description of the outside director affiliated with SATO SHO-JI CORPORATION has changed from serving as Kanagawa Branch manager in the previous fiscal year to serving as general manager in the current fiscal year. SATO SHO-JI CORPORATION is listed as another affiliated company holding 30.15% of voting rights, and its policy for addressing conflicts of interest remains unchanged. - FY2018RestatedAnnual report
「The individual also serves as branch manager of SATO SHO-JI CORPORATION’s Kanagawa Branch. SATO SHO-JI CORPORATION is both a major shareholder and a major business partner, holds 30.16% of the voting rights in the company’s shares, and is another affiliated company. The company addresses potential conflicts of interest and other issues lawfully and appropriately in accordance with applicable laws and regulations and the rules of the Board of Directors.」
The company continues to disclose that the branch manager of SATO SHO-JI CORPORATION, a major shareholder and major business partner, also serves as an outside director, together with its policy for addressing conflicts of interest. - FY2017First statedAnnual report
「The individual also serves as branch manager of SATO SHO-JI CORPORATION’s Kanagawa Branch. SATO SHO-JI CORPORATION is both a major shareholder and a major business partner, holds 30.15% of the voting rights in the company’s shares, and is another affiliated company. The company addresses potential conflicts of interest and other issues lawfully and appropriately in accordance with applicable laws and regulations and the rules of the Board of Directors.」
The company disclosed that its outside director also serves as branch manager of a major shareholder and major business partner holding 30.15% of voting rights, and outlined its policy for addressing conflicts of interest.