Governance structure
An individual shareholder submitted a proposal to elect 1 director, and the Board of Directors resolved to oppose it. No change to the Company's corporate governance structure or committee composition was stated.
| Item | Details |
|---|---|
| Number of directors | The current Board of Directors includes 2 outside directors, but the total number of directors is Not disclosed |
| Committee | Nomination and Compensation Committee (a majority of its members are independent outside directors, and an independent outside director serves as chair) |
| Changes this time | An individual shareholder submitted a proposal to elect 1 director, and the Board of Directors resolved to oppose it. No change to the Company's corporate governance structure or committee composition was stated. |
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 Company determined that electing an additional outside director was unnecessary because the current Board of Directors is appropriate from the perspectives of skills balance and diversity and is fully performing its oversight functions. The Company explained that, in selecting candidates, it places importance on knowledge of corporate management and business strategy, legal affairs and risk management, financial accounting, and sustainability, as well as compliance with the Tokyo Stock Exchange's independence criteria.