Governance structure
Company with an Audit and Supervisory Committee (Article 4)The Articles of Incorporation establish the corporate governance structure with an Audit and Supervisory Committee, and provide for the appointment, terms of office and compensation of Directors who are Audit and Supervisory Committee members, the authority of the Audit and Supervisory Committee, and transitional provisions on exemption from liability for Audit & Supervisory Board members. No changes are explicitly identified by comparison with the previous report.
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with an Audit and Supervisory Committee (Article 4) |
| Number of directors | Up to 19 Directors. Of these, no more than 5 may be Directors who are Audit and Supervisory Committee members, and a majority must be Outside Directors (Article 19). |
| Committee | Audit and Supervisory Committee. The Articles of Incorporation require a majority of Audit and Supervisory Committee members to be Outside Directors, but the specific percentage is not disclosed (Articles 19 and 32). |
| Changes this time | The Articles of Incorporation establish the corporate governance structure with an Audit and Supervisory Committee, and provide for the appointment, terms of office and compensation of Directors who are Audit and Supervisory Committee members, the authority of the Audit and Supervisory Committee, and transitional provisions on exemption from liability for Audit & Supervisory Board members. No changes are explicitly identified by comparison with the previous report. |
Items this document does not state (4)
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.Except for the transitional provisions on exemption from liability for Audit & Supervisory Board members, the document does not state the reason for the change.