Worth reading
61In focus
Scored from 1 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
—
Displayed only when the document provides numerical figures.Wording
Conditional
How definitive the wording is.Governance structure
Company with an Audit and Supervisory Committee (subject to approval of amendments to the Articles of Incorporation at the Ordinary General Meeting of Shareholders scheduled for 28 September 2021)Committee1
Audit and Supervisory Committee: outside members constitute a majority. Nomination Committee and Compensation Committee: not disclosed
Changes this time
The Company plans to transition to a company with an Audit and Supervisory Committee. As the purpose of the transition, the Company has cited establishing an Audit and Supervisory Committee in which outside directors constitute a majority and delegating the Board of Directors' authority to decide on the execution of business to individual directors.
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with an Audit and Supervisory Committee (subject to approval of amendments to the Articles of Incorporation at the Ordinary General Meeting of Shareholders scheduled for 28 September 2021) |
| Committee | Audit and Supervisory Committee: outside members constitute a majority. Nomination Committee and Compensation Committee: not disclosed |
| Changes this time | The Company plans to transition to a company with an Audit and Supervisory Committee. As the purpose of the transition, the Company has cited establishing an Audit and Supervisory Committee in which outside directors constitute a majority and delegating the Board of Directors' authority to decide on the execution of business to individual directors. |
Items this document does not state (5)
Number of directorsNumber of independent officersPolicy on cross-shareholdingsTakeover defensesControlling shareholder
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 aims to enhance management transparency through the Audit and Supervisory Committee's audit and supervision of the execution of duties, and to accelerate decision-making and execution by delegating authority to directors.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.