Governance structure
parent company); voting rights ownership ratio: 48.8% held directly, 5.3% subject to aggregation, for a total of 54.1%
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 |
|---|---|
| Number of directors | 7 directors in total, of whom the number of outside directors is Not disclosed |
| Committee | Special committee, chaired by an independent outside director and comprising all persons who meet the requirements for independent outside directors and independent outside Audit & Supervisory Board members. The proportion of outside committee members is Not disclosed |
| Controlling shareholder | AEON CO.,LTD. (parent company); voting rights ownership ratio: 48.8% held directly, 5.3% subject to aggregation, for a total of 54.1% |
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.The parent company group formulates strategies, optimally allocates management resources and provides shared services across the group to maximize group synergies, while the Company operates its business based on its own independent management decisions. To protect minority shareholders, transactions are conducted on terms equivalent to those of ordinary transactions, and important transactions are deliberated and resolved at meetings of the Board of Directors attended by independent officers after receiving the special committee's recommendations.