Epson 2013 Annual Report Download - page 40

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39
Otuska Corporation 10,000 102 Maintain and
strengthen
business ties
Joshin Denki Co., Ltd. 70,000 62 Maintain and
strengthen
business ties
Pixelworks, Inc. 100,000 20 Maintain and
strengthen
business ties
Stocks held for pure investment
None
(6) Accounting audits
(a) Names and other details of corporate public accountants performing audits
Name of CPA Audit company No. of successive years
performing audits
Designated and
Engagement Partner,
Certified Public
Accountant
Takashi Ide Ernst & Young
ShinNihon LLC
4
Designated and
Engagement Partner,
Certified Public
Accountant
Takahiro
Yamazaki
Ernst & Young
ShinNihon LLC
2
Notes: Mr. Taisuke Ide, who was the Designated and Engagement Partner, Certificated Public Accountant,
conducted the audit from the first to second quarter, FY2012.
(b) Composition of auditing team
The auditing team comprises 30 staff including 12 certified public accountants, three junior accountants,
and 15 other accounting staff.
(7) Outline of contract limiting liability
The Company’s contract with the outside director and outside statutory auditors is based on Article 427,
Paragraph 1, of the Japanese Companies Act, and the contract stipulations determining the liability for
damages on Article 423, Paragraph 1, of the same law. Said contract also stipulates that the limit of liability
for damages shall be the legal maximum.
Limited liability is recognized only in cases where the outside director and the outside statutory auditors
performed their duties in good faith and were not grossly negligent.
(8) Number of directors
Epson’s Articles of Incorporation determine the maximum number of directors to be ten.
(9) Election and retirement of directors
According to its Articles of Incorporation, directors of the Company can be elected by a majority vote by at
least one third of shareholders with voting rights, and not through cumulative voting.
Provisions regarding the retirement of directors do not vary from the provisions of the Japanese Companies
Act.
(10) Items for the General Shareholders’ Meeting that can be determined by the board of directors
Treasury stock acquisition
The Company’s Articles of Incorporation allow the Company to acquire treasury stock through stock
market trade and other means by resolution of the board of directors. This enables a more flexible capital
policy in response to a changing business environment.