Investor Relations

Corporate Governance

Basic Views on Corporate Governance

The Isetan Mitsukoshi Group’s vision is to become the world’s foremost retail services group, and it aims to be a corporate group that is trusted by customers, employees, shareholders, business partners, local communities, and other stakeholders.
Regarding the Group’s corporate governance system, since its establishment in 2008, it has adopted the form of a company with Audit & Supervisory Board Members, separating functions for oversight and execution as below and promoting healthy and transparent management activities and agile decision-making, in order to maximize corporate value.

Corporate Governance System

Corporate Governance

Management Oversight Structure

Board of Directors

A Board of Directors consisting of 3 Outside Directors and 5 Directors meets once a month as a rule, operating as the top management-related decision-making body. Additionally, 3 Outside Audit & Supervisory Board Members and 2 full-time Audit & Supervisory Board Members sit independently on the Board of Directors, auditing the state of execution of the Directors’ duties with regards to reasonable care and loyalty.

Advisory Body to the Board of Directors, Nomination and Remuneration Committee

A nomination and remuneration committee that acts as an advisory body to the Board of Directors and consists of 3 Outside Directors and 2 Directors meets once a month as a rule. It deliberates on Executive Officer, Director, and other personnel remuneration and reports its findings to the Board of Directors.

Audit & Supervisory Board Members and the Audit and Supervisory Board

Audit & Supervisory Board Members act as independent bodies that audit the execution of the Directors’ professional duties to ensure the corporation’s healthy and sustainable growth and contribute to the establishment of a corporate governance system that meets society’s trust. Additionally, they regularly exchange opinions with Representative Directors and Audit & Supervisory Board Members and share information with the Internal Audit Division regarding results of internal audits in order to secure effective performance of audits.
The Audit and Supervisory Board consists of 3 Outside Audit & Supervisory Board Members and 2 full-time Audit & Supervisory Board Members and meets once a month as a rule and acts according to the audit plan as it receives reports from each Audit & Supervisory Board Member on important auditing-related matters. Discussions are held and/or resolutions are made as necessary.

Business Execution Structure

The Company employs an executive officer system in order to realize agile business execution, and a significant portion of authority is transferred to the Executive Officers.

Management Committee

The Management Committee consists of Executive Officers approved as members by the Board of Directors, and meets once a week as a rule to decide and deliberate on matters of importance to the Group in a timely and agile manner.

Various Committees

Committees consisting of members from across the Company act as advisory bodies to the Business Strategy Meeting, investigating, researching, and reporting back on matters of importance to group management on a cross-sectional and continuous basis.

  • ・Compliance and Risk Management Committee
  • ・Environmental Committee, Group Corporate Philosophy Committee, etc.

Corporate Governance Report

Corporate Governance(PDF:760KB)pdf

Corporate Governance Guidelines(PDF:169KB)pdf

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