Z Holdings Corporation (hereinafter 'ZHD' or the 'Company') has established a Governance Commiitte to further improve the corporate governance within the ZHD Group. Details are as follows.
1. Purpose
As an advisory body to the Board of Directors, the Governance Committee will strengthen the supervisory function of the Board of Directors to further improve corporate governance and protect the Company's minority shareholders.
2. Matters to be deliberated
Important matters related to corporate governance, etc.
• Matters related to the governance of the ZHD Group
• Matters related to important transactions and activities, such as mergers and acquisitions
• Matters related to transactions and activities among group companies including the parent company, etc.
3. Committee members
The Committee shall be composed of independent outside directors.
• Tadashi Kunihiro (Independent outside director, Audit and Supervisory Committee member) *
• Yoshio Usumi (Independent outside director, full-time Audit and Supervisory Committee member)
• Maiko Hasumi (Independent outside director, Audit and Supervisory Committee member)
• Rehito Hatoyama (Independent outside director, Audit and Supervisory Committee member)
*Scheduled to be appointed as the Chairperson at the first meeting of the Committee.
4. Date of establishment
May 18, 2021 (Tue.)
Unless otherwise specified, English-language documents are prepared solely for the convenience of non-Japanese speakers. If there is any inconsistency between the English-language documents and the Japanese-language documents, the Japanese-language documents will prevail.
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Z Holdings Corporation published this content on 18 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 May 2021 06:38:03 UTC.
Z Holdings Corporation is a holding company organized around 3 areas of activity:
- operation of e-commerce portals (69.5% of net sales): primarily operation of the Yahoo! Japan Shopping, PayPay Mall, ASKUL, Lohaco, Zozotown, Line Friends and Line Gift online stores. In addition, the group operates online auction platforms (Yahuoku!, PayPay Flea Market, etc.), online hotel and travel booking platforms (Yahoo! Japan Travel, Ikyu Travel, etc.) and electronic payment and financial services platforms (PayPay Card, PayPay Bank, LINE Securities, etc.) ;
- media services (28.2%): Internet advertising and marketing services, operation of generalist portals providing Internet tools and services (search engines, e-mail, discussion forums, electronic diaries, instant messaging, etc.), and content ( e-books, video content, thematic directories, news, etc.);
- other (2.3%).