Governance structure
parent company; voting rights ownership ratio: direct ownership 37.26%, combined ownership 13.78%, total 51.04%
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 |
|---|---|
| Committee | Governance Committee (proportion of external members: Not disclosed) |
| Controlling shareholder | AEON CO.,LTD. (parent company; voting rights ownership ratio: direct ownership 37.26%, combined ownership 13.78%, total 51.04%) |
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.The Governance Committee was established to strengthen oversight of the relationship between the controlling shareholder and minority shareholders and of conflicts of interest. The committee reviews material transactions and other matters and submits recommendations to the Board of Directors.