Reinforcing Group governance
The Pigeon Group comprises Pigeon Corporation and 26 consolidated subsidiaries. The Global Head Office (GHO) oversees all Group companies and four core business segments: Japan Business, China Business, Singapore Business, and Lansinoh Business. We view strengthening Group governance as a key issue that is essential for enhancing growth and profitability over the medium to long term. Critical challenges include ensuring governance functions effectively on both the “offensive” and “defensive” sides of management, optimizing the business portfolio, and enhancing the overall effectiveness of Group governance.
Pigeon Group Corporate Philosophy
The Pigeon Group believes that it is important for all employees to understand and respect the Pigeon Group DNA, the Pigeon Way, and our purpose as the basis of all our activities, and we are continuously working to promote their understanding.
Approach to Strengthening Group Governance
As a shareholder, the Company shall be involved in important decision-making at the Board of Directors and other meetings of each group company through active dialogue based on a relationship of trust, and shall promote collaboration among all businesses and group companies, including the Company.In addition, we will share and practice Pigeon Group DNA and PigeonWay within the group, respond quickly and appropriately to changes in the business environment and sustainability requirements under the leadership of GHO, and evolve the group's business portfolio into a more solid one in order to maximize corporate value. We will strive to maximize corporate value by evolving the Group's business portfolio more firmly.
Internal Controls
In order to operate the organization in a sound and efficient manner, we have determined a basic policy for the establishment of an internal control system in accordance with the Companies Act and the Ordinance for Enforcement of the Companies Act, and based on this policy, we have established and are operating an internal control system for the entire Group.
Basic Policy for the Internal Control System
Risk Management
In accordance with the Risk Management Regulations, the Company has established a GHO Risk Management Committee under the President and Representative Director, chaired by the director in charge of GHO, and a Risk Management Committee under the GHO Risk Management Committee, chaired by the general manager of each business segment (Japan business, China business, Singapore business, and Lansinoh business). This system enables us to consolidate and control risk information related to the entire Group as well as to take prompt actions for each business segment.