Governance structure
Company with an Audit and Supervisory Committeeother affiliated company, listed on the Tokyo Stock Exchange Prime Market), with a direct voting rights ownership ratio of 30.0%, an amount subject to aggregation of 0.0%, and a total of 30.0%
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.
No changes from the previous report are described.
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with an Audit and Supervisory Committee |
| Number of directors | 6 directors, with the number of outside directors listed as Not disclosed. The document states that there are 6 Audit & Supervisory Committee members. |
| Controlling shareholder | Nippon Yusen Kabushiki Kaisha (other affiliated company, listed on the Tokyo Stock Exchange Prime Market), with a direct voting rights ownership ratio of 30.0%, an amount subject to aggregation of 0.0%, and a total of 30.0% |
| Changes this time | No changes from the previous report are described. |
Items this document does not state (4)
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 maintains a close and favorable relationship with Nippon Yusen Kabushiki Kaisha through joint ownership of vessels, vessel charter agreements, and contracts under which vessel management is entrusted, among other arrangements. The reason for the outside director's concurrent service is to reflect the director's extensive experience in the shipping industry in the Company's auditing.