Governance structure
Planned transition to a company with an Audit and Supervisory Committee (the current organizational structure is not specified in the main text)The Company resolved to transition to a company with an Audit and Supervisory Committee. It plans to establish an Audit and Supervisory Committee in which outside directors will constitute a majority, and to delegate part of the Board of Directors’ authority to make decisions on the execution of business to the directors. Details of the amendments to the Articles of Incorporation and the director candidates will be disclosed once decided.
| Item | Details |
|---|---|
| Corporate Governance Structure | Planned transition to a company with an Audit and Supervisory Committee (the current organizational structure is not specified in the main text) |
| Committee | An Audit and Supervisory Committee is planned. Outside members will constitute a majority. Not disclosed regarding the Nominating and Compensation Committee |
| Changes this time | The Company resolved to transition to a company with an Audit and Supervisory Committee. It plans to establish an Audit and Supervisory Committee in which outside directors will constitute a majority, and to delegate part of the Board of Directors’ authority to make decisions on the execution of business to the directors. Details of the amendments to the Articles of Incorporation and the director candidates will be disclosed once decided. |
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 transition to a company with an Audit and Supervisory Committee is intended to further strengthen corporate governance and enhance corporate value. Specifically, the objectives are to strengthen audit and supervisory functions and accelerate decision-making.