Governance structure
Company with an Audit and Supervisory CommitteeThe Company is reviewing the practice of frequently having the Board of Directors handle resolutions on detailed matters relating to business execution, and is moving toward using the Board to discuss and oversee medium- to long-term strategies, the capital allocation policy and important matters.
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with an Audit and Supervisory Committee |
| Number of directors | 9 directors, including 4 outside directors |
| Changes this time | The Company is reviewing the practice of frequently having the Board of Directors handle resolutions on detailed matters relating to business execution, and is moving toward using the Board to discuss and oversee medium- to long-term strategies, the capital allocation policy and important matters. |
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.As customers’ challenges become more sophisticated and complex, and the burden of procurement operations and need for stable supply increase, the Company aims to combine its proposal and procurement capabilities to provide high-value-added solutions and build new earnings foundations and corporate value. The review of the Board of Directors’ operations is intended to ensure sufficient discussion and oversight of important themes, including medium- to long-term strategies and capital allocation.