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Corporate Governance System
Overview of Corporate Governance System
J. Front Retailing is a holding company, one of whose principal management goals is to
strengthen corporate governance in order to ensure the legal compliance, transparency, objectivity, and
health of Group-wide operations, acting as the central focus of governance for the Group.
As part of these efforts, we have adopted the "Company with Three Committees (Nomination, Audit and
Remuneration Committees)" system for the following reasons.
(1) To strengthen management oversight functionality by separating auditors from directors.
(2) To promote transparency of authority and responsibility in carrying out operations and to make
management more dynamic.
(3) To improve the transparency and objectivity of management.
(4) To build a globally-compliant governance system.
J. Front Retailing is a pure holding company, and as such entrusts the various operating
companies with the authority to handle operations (not including important matters pertaining to the Group
management) in order to ensure rapid decision-making and achieve greater clarity in management
responsibility.
As a holding company, our roles and responsibilities are as follows.
(i) Planning, formulating and penetrating the Group Vision, the Group Medium-term Business Plan and the
Group Annual Management Policy, and tracking the progress and results thereof;
(ii) Setting business domains of the Group;
(iii) Business portfolio management (optimal allocation of management resources);
(iv) Generating synergies between businesses;
(v) Establishing the Group-wide risk management system;
(vi) Organization design and operation of the entire Group;
(vii) Human resource management of the entire Group;
(viii) Management of shareholders;
(ix) Establishing corporate governance practices for the entire Group;
(x) Making decisions on important matters of business execution relating to the management of the Group;
and
(xi) Providing advice and approval for the management policy and management strategy of respective operating
companies, and oversees and evaluates progress thereof.
In addition, we are moving faster to address risks that arise from our rapidly changing
environment, and are practicing sustainability management that incorporates the concept of sustainability
into our strategies in order to achieve sustainable growth as a company.
Corporate governance plays a
key role in supporting and promoting such sustainability management, and as a company listed on the Prime
Market, we are therefore striving to further strengthen our corporate governance.
We have prepared a written "Corporate Governance Guidelines" which lays out exactly what kind of corporate
governance the Group should have, and we are aiming for the best corporate governance by constantly revising
it. We will publicize the statement throughout society to foster an ongoing good-faith and constructive
dialogue with the Group's various stakeholders with the goal of improving the Group's ongoing growth and
medium- to long-term enhancement of corporate value.
[Company with Three Committees (Nomination, Audit and Remuneration Committees) system]
Corporate Governance Guidelines(PDF 360KB)
Corporate Governance Report(PDF 1.1MB)
To Achieve Management Conscious of Cost of Capital and Stock Price(PDF 312KB)
Corporate Governance
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Corporate Governance System
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Board of Directors
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Nomination Committee, Audit Committee, and Remuneration Committee
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Nomination/Appointment/Succession Planning
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Officer Remuneration System
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Evaluation of the Effectiveness of the Board of Directors
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Basic Capital Policy/Shareholder Return Policy/Cross-Shareholdings
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JFR Tax Policy