Governance structure
other affiliated company, voting rights ownership percentage of 29.13%), Sony Corporation (other affiliated company, 29.13% included in aggregate calculation), SONY GROUP CORPORATION (other affiliated company, 40.26% included in aggregate calculation
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 | Related-Party Transactions Committee (composed of independent outside directors). The percentage of outside members is 100%, as calculated from the disclosed information. |
| Controlling shareholder | Sony Network Communications Inc. (other affiliated company, voting rights ownership percentage of 29.13%), Sony Corporation (other affiliated company, 29.13% included in aggregate calculation), SONY GROUP CORPORATION (other affiliated company, 40.26% included in aggregate calculation) |
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.Because transactions with Sony Network Communications Inc. carry a risk of conflicts of interest with general shareholders, the Related-Party Transactions Committee was established as a measure to prevent such risks from materializing, and deliberates the rationality of the transactions and the appropriateness of their terms.