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.
With a continued policy of reducing the overall scale, the company conducts an annual individual review of the medium- to long-term economic rationale and future outlook from the perspectives of business performance, cost of capital and other factors. 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.
Changes from the previous report: Not disclosed
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with an Audit and Supervisory Committee |
| Number of directors | 16 directors, including 8 outside directors |
| Committee | Nomination Advisory Committee (outside members: more than half), Compensation Advisory Committee (outside members: more than half), Sustainability Strategy Committee, Group Strategy Formulation Committee |
| Policy on cross-shareholdings | With a continued policy of reducing the overall scale, the company conducts an annual individual review of the medium- to long-term economic rationale and future outlook from the perspectives of business performance, cost of capital and other factors. The number of holdings and their value are Not disclosed. |
| Controlling shareholder | There is no explicit statement that the company has no controlling shareholder; the name and voting rights ratio are Not disclosed. |
| Changes this time | Changes from the previous report: Not disclosed |
Items this document does not state (2)
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 explains that it selected the company-with-an-Audit and Supervisory Committee structure to accelerate decision-making and business execution by delegating authority to make important business-execution decisions to executive directors, and to strengthen the Board of Directors' oversight function. Policy-held shares are held to maintain and strengthen stable business and cooperative relationships that contribute to enhancing corporate value, and the company intends to continue reducing their overall scale.