【全】H1

Corporate Governance

Corporate Governance

Corporate Governance

MHR shall have at least one executive director and at least two supervisory directors (or, at least one more than the number of the executive directors), and the board of directors shall be comprised of the executive directors and supervisory directors.
In addition to a general meeting of unitholders, which shall be composed of unitholders, MHR’s structure consists of one executive director, three supervisory directors, the board of directors and an accounting auditor.

Management Fees, etc.

Remuneration to Directors

The criteria for payment of remuneration to directors of MHR and the timing of such payments shall be as follows:

(1)
MHR shall pay monthly remuneration to executive directors at an amount decided by the board of directors that it determined reasonable in light of general price and wage trends, etc., up to an amount equivalent to one million (1,000,000) yen per month for each executive director, no later than the last day of the relevant month.
(2)
MHR shall pay monthly remuneration to supervisory directors at an amount decided by the board of directors that it determined reasonable in light of general price and wage trends, etc., up to an amount equivalent to fifty-hundred thousand (500,000) yen per month for each supervisory director, no later than the last day of the relevant month.

Structure of Asset Management for the Investment Corporation

MHR entrusts the management of its assets to its asset management company.
The following is the organizational structure of MHR’s asset management company.