Governance structure
The Board of Directors resolved to establish a third-party committee comprising 3 outside attorneys and conduct an external investigation into the acquisition of treasury shares in excess of the distributable amount.
| Item | Details |
|---|---|
| Committee | Third-party committee (3 outside attorneys; 100% outside members) |
| Changes this time | The Board of Directors resolved to establish a third-party committee comprising 3 outside attorneys and conduct an external investigation into the acquisition of treasury shares in excess of the distributable amount. |
Items this document does not state (6)
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.Because it was discovered that the acquisition of treasury shares exceeded the distributable amount, the Company will investigate the facts, determine the causes, consider its future response and examine measures to prevent recurrence.