Governance structure
other affiliated company; voting rights ownership ratio: 22.02%; directly owned: -, aggregated ownership: 22.02%) and Frito-Lay Global Investments B.V. (other affiliated company; directly owned: 22.02%; aggregated ownership: -). PepsiCo, Inc. is the 100% parent company of Frito-Lay Global Investments B.V. and makes substantive decisions.
When one company holds most of the voting rights, its wishes are more likely to prevail in management. How the interests of minority shareholders are protected is a key issue.
| Item | Details |
|---|---|
| Number of directors | 8 directors (of whom the number of outside directors is not disclosed) |
| Controlling shareholder | PepsiCo, Inc. (other affiliated company; voting rights ownership ratio: 22.02%; directly owned: -, aggregated ownership: 22.02%) and Frito-Lay Global Investments B.V. (other affiliated company; directly owned: 22.02%; aggregated ownership: -). PepsiCo, Inc. is the 100% parent company of Frito-Lay Global Investments B.V. and makes substantive decisions. |
Items this document does not state (6)
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.PepsiCo, Inc. is the 100% parent company of Frito-Lay Global Investments B.V. and makes substantive decisions regarding the voting rights attached to the Company's common shares. The reason given regarding the director is to obtain appropriate advice on the Company's management.