Governance structure
other affiliated company and listed parent company
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.
This is the number of people reported to the exchange as independent officers. Whether someone is an outside officer and whether they qualify as independent are separate determinations.
| Item | Details |
|---|---|
| Number of independent officers | 4 |
| Committee | Governance Committee (chaired by an outside officer, with outside officers constituting a majority of all members) |
| Controlling shareholder | Rakuten Group,Inc., voting rights ownership ratio of 16.45% (other affiliated company and listed parent company) |
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.To realize synergies from collaboration with Rakuten while strengthening the Board of Directors' oversight function, independence, objectivity, accountability and corporate governance, and to make independent management decisions and conduct business activities. Also, to ensure that transactions with Rakuten Group,Inc. and its subsidiaries do not disadvantage minority shareholders.