Governance structure
Company with an Audit and Supervisory CommitteeWhen 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.
As improvement measures, the Company resolved to restructure its management control system, establish meetings of outside directors, review the method for evaluating the effectiveness of the Board of Directors, review the Nomination Committee structure, and strengthen internal controls and corporate culture. The CEO Office was already abolished effective 1 October 2021.
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with an Audit and Supervisory Committee |
| Number of directors | 11 directors in total (including 6 outside directors) |
| Committee | Nomination Committee, Compensation Committee and Risk Committee. Proportion of outside members: not disclosed |
| Controlling shareholder | Controlling shareholder and parent company: Not disclosed |
| Changes this time | As improvement measures, the Company resolved to restructure its management control system, establish meetings of outside directors, review the method for evaluating the effectiveness of the Board of Directors, review the Nomination Committee structure, and strengthen internal controls and corporate culture. The CEO Office was already abolished effective 1 October 2021. |
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.In response to the facts established and issues identified, as well as the recommendations for improvement, in the reports of the investigative committee and internal investigation headquarters, the Company aims to ensure sound business operations and restore stakeholder trust.