Governance structure
parent company, indirect ownership of 50.34%), Grainger International, Inc. (parent company, indirect ownership of 50.34%), and Grainger Global Holdings, Inc. (parent company, direct ownership of 50.34%
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.
No changes from the previous report are described.
| Item | Details |
|---|---|
| Controlling shareholder | W.W. Grainger, Inc. (parent company, indirect ownership of 50.34%), Grainger International, Inc. (parent company, indirect ownership of 50.34%), and Grainger Global Holdings, Inc. (parent company, direct ownership of 50.34%) |
| Changes this time | No changes from the previous report are described. |
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.W.W. Grainger, Inc. holds 50.34% of the voting rights in the Company through 2 subsidiaries and makes substantive decisions regarding the exercise of voting rights and other matters. Regarding the protection of minority shareholders, the Company has stated its policy of keeping the number of directors who concurrently serve as officers or employees of the parent company below half of the total, including in the future.