Governance structure
Company with an Audit & Supervisory Boardthe founder is stated to serve as Representative Director, but the voting rights ratio is Not disclosed
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.
The founder’s departure from the positions of Representative Director and Chairman and from other directorships, the removal of the founder’s spouse, Ishida Yukari (石田ゆかり), from the position of Executive Director responsible for finance and General Manager of the Administration Division, the appointment and additional appointment of outside officers, and a policy to appoint new directors and Audit & Supervisory Board members under the rehabilitation plan.
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with an Audit & Supervisory Board |
| Controlling shareholder | 株式会社ジェット (the founder is stated to serve as Representative Director, but the voting rights ratio is Not disclosed) |
| Changes this time | The founder’s departure from the positions of Representative Director and Chairman and from other directorships, the removal of the founder’s spouse, Ishida Yukari (石田ゆかり), from the position of Executive Director responsible for finance and General Manager of the Administration Division, the appointment and additional appointment of outside officers, and a policy to appoint new directors and Audit & Supervisory Board members under the rehabilitation plan. |
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 Tokyo Stock Exchange designated the company as a security under Special Alert, making it necessary to improve its internal control system and other areas in order to have the designation lifted. The company identified the founder’s influence, insufficient compliance awareness, the lack of effectiveness of the Board of Directors and Audit & Supervisory Board, and deficiencies in internal controls and internal audits as causes of the improper accounting practices.