Governance structure
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.
The Bank holds shares deemed to contribute to the enhancement of corporate value over the medium to long term. Each year, the Board of Directors verifies the appropriateness of the purpose of each holding and the rationale for holding it. Where the significance of a holding is limited, the Bank engages in dialogue with the investee company and, after obtaining sufficient understanding, proceeds to reduce the holding through sales or other means. The number of holdings and their value are not disclosed.
Policy regarding shares of other companies held to maintain business relationships and for other purposes.
In response to an individual shareholder's proposal to amend the Articles of Incorporation to review the criteria for holding specified investment shares and deemed-held shares, the Board of Directors resolved to oppose the proposal.
| Item | Details |
|---|---|
| Policy on cross-shareholdings | The Bank holds shares deemed to contribute to the enhancement of corporate value over the medium to long term. Each year, the Board of Directors verifies the appropriateness of the purpose of each holding and the rationale for holding it. Where the significance of a holding is limited, the Bank engages in dialogue with the investee company and, after obtaining sufficient understanding, proceeds to reduce the holding through sales or other means. The number of holdings and their value are not disclosed. |
| Controlling shareholder | No information is provided on a controlling shareholder or parent company. |
| Changes this time | In response to an individual shareholder's proposal to amend the Articles of Incorporation to review the criteria for holding specified investment shares and deemed-held shares, the Board of Directors resolved to oppose the proposal. |
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.The Board of Directors reviews the appropriateness of the holding purpose and the rationale for holding cross-shareholdings each year. Where the significance of a holding is limited, the Bank's policy is to reduce the holding, including through sales, following dialogue with the investee company. The Bank also determined that it would be inappropriate to stipulate in the Articles of Incorporation individual, specific matters concerning business execution, such as the policy for selling cross-shareholdings and the methods for reducing them.