Governance structure
listed parent company, voting rights ownership ratio: 56.80%), Prestige International(S) Pte Ltd. (parent company, voting rights ownership ratio: 56.80%
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.
Changes from the previous report: Not disclosed
| Item | Details |
|---|---|
| Number of directors | 7 directors, of whom the number of outside directors is not disclosed |
| Committee | Special committee (comprising outside directors and outside corporate auditors), with the proportion of outside members Not disclosed |
| Controlling shareholder | Prestige International Inc. (listed parent company, voting rights ownership ratio: 56.80%), Prestige International(S) Pte Ltd. (parent company, voting rights ownership ratio: 56.80%) |
| Changes this time | Changes from the previous report: Not disclosed |
Items this document does not state (4)
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 parent company has authority over governance across the group and has the greatest influence on the Company. In addition, transactions and other dealings with the parent company are reviewed and considered by a special committee consisting of outside directors and outside corporate auditors, including verification of the transaction terms and management soundness.