Governance structure
Company with an Audit and Supervisory CommitteeContinue to reduce cross-shareholdings
Policy regarding shares of other companies held to maintain business relationships and for other purposes.
Following the transition to a company with an Audit and Supervisory Committee, the Company significantly delegated authority to its executive divisions and established an institutional framework for a monitoring board, enabling the Board of Directors to focus on broad-based discussions. The criteria for the appointment and dismissal of directors and the CEO, as well as the succession plan, were also revised.
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with an Audit and Supervisory Committee |
| Number of directors | 8 directors (including 6 outside directors) |
| Committee | Board Evaluation Committee (comprising outside directors; 100% of its members are outside directors) |
| Policy on cross-shareholdings | Continue to reduce cross-shareholdings |
| Changes this time | Following the transition to a company with an Audit and Supervisory Committee, the Company significantly delegated authority to its executive divisions and established an institutional framework for a monitoring board, enabling the Board of Directors to focus on broad-based discussions. The criteria for the appointment and dismissal of directors and the CEO, as well as the succession plan, were also revised. |
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.As part of efforts to strengthen corporate governance aimed at achieving sustainable growth and enhancing corporate value over the medium to long term, the Company analyzed and evaluated the effectiveness of the Board of Directors and determined measures for improvement.