Corporate Governance

Our basic approach to corporate governance

as of June 28, 2018

UNITED ARROWS LTD. has positioned efforts to create globally recognizable and accepted values that set new standards of Japanese lifestyle as its overarching Company Policy. In addition, we have identified the creation of value for five distinct stakeholders—customers, employees, business partners, society, and shareholders—as one element of our overall Policy Structure and a key feature of our promise to society. In this regard, the Company’s mission is to increase value for all stakeholders.

In order to maintain the proper mindset that will allow us to realize our Company Policy, we put in place the Code of Conduct. This code expresses how we should think and act to achieve our stated goals.

Recognizing the critical need to build a transparent and fair management framework, along with a structure under which we are capable of making timely and bold decisions, we are committed to continuously strengthening and expanding our corporate governance capabilities and functions in order to realize our Company Policy and fulfill our promise to society. Through these means, we are working to enhance our corporate value on a long-term and continuous basis.

Outline of the corporate governance framework

Organizational format Company with an Audit and Supervisory Committee
Chairman of the Board of Directors Representative Director, President and CEO
Directors (excluding directors who are Audit and Supervisory Committee members) Six (none of whom are outside directors)
Directors who are Audit and Supervisory Committee members Three (all of whom are outside directors)
Independent officers*1 Three outside directors
Average age 50.1 years
Number of Board of Directors’ meetings held during
the fiscal year ended March 31, 2018
18
Number of Audit and Supervisory Committee’s meetings held during the fiscal year ended March 31, 2018 14
Number of Nomination and Compensation Committee's meetings held during the fiscal year ended March 31, 2018 5

*1 Yukari Sakai, Gaku Ishiwata, and Hidehiko Nishikawa satisfy the qualifications for independent officers stipulated by Tokyo Stock Exchange, Inc. as well as the “Independence Determination Standards for Independent Officers” of the Company. Although the Company registered Yukari Sakai and Hidehiko Nishikawa as independent officers with the Tokyo Stock Exchange, Gaku Ishiwata has not been registered as such due to the internal regulations of the law firm to which he belongs.
Please refer to the Company’s Corporate Governance Policy (Japanese only) for details regarding its “Independence Determination Standards for Independent Officers.”

Corporate governance framework