Epson 2015 Annual Report Download - page 43

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42
Company Shares (stock)
Balance sheet total
(millions of yen)
Reason held
Nippon BS Broadcasting
Corporation
33,200
41
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
Hidetoshi
Watanabe
Ernst & Young
ShinNihon LLC 2
Designated and
Engagement Partner,
Certified Public
Accountant
Seiji
Yamamoto
Ernst & Young
ShinNihon LLC 2
Designated and
Engagement Partner,
Certified Public
Accountant
Takahiro
Yamazaki
Ernst & Young
ShinNihon LLC 4
(b) Composition of auditing team
The auditing team comprises 43 staff including 15 certified public accountants, eight junior accountants, and 20
other accounting staff.
(7) Outline of contract limiting liability
The Company’s contract with the outside directors and outside corporate 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 directors and the outside corporate 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 approval at 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.