Corporate Governance

Basic Approach to Corporate Governance

Under our mission that "By spreading the habits of correct exercises, we will help our members and ourselves have a better life, and solve problems in our society”, the Curves Group pursues our objectives to “create a society free from fears of illness, nursing cares and loneliness, filled with vitality for life”. To realize the objectives, we regard the enhancement of a highly effective corporate governance as an important management concern in order to achieve sustainable growth and improve corporate values over the medium to long term. We establish a system and are implementing various measures based on the basic policy of corporate governance to maintain transparency and soundness of management, to respond to fast changing business environments, and to realize timely decision-making and flexible organization management. We will continue to build a highly transparent business management system by enhancing and strengthening the corporate governance.

Overview of Current Corporate Governance Framework

The Group’s governance framework distinguishes between operations and Group management. Individual operating subsidiaries are tasked with the execution of operations and are therefore focused on advancing those operations. Meanwhile, the Board of Directors of the holding company, Curves Holdings, handles Group-wide management and supervision.
The Company’s Board of Directors consists of seven directors. Regular meetings of the Board of Directors are held once a month. In addition, special meetings of the Board of Directors are convened from time to time as necessary. The Board of Directors decides important matters affecting all Group companies, including management policy, management plans and annual budgets. Moreover, the Board of Directors confirms reports of important duties performed by Group companies, such as monthly budget controls and monthly work reports, to supervise the execution of operations.
The Company’s directors (other than those who serve on the Audit and Supervisory Committee) serve concurrently as directors of the respective Group companies directly supervising each company’s execution of operations. The directors coordinate the locations and times of the meetings of the Board of Directors, establishing a framework that enables appropriate, consistent and rapid decision-making. To strengthen corporate governance, the term of each director (other than those who serve on the Audit and Supervisory Committee) is limited to one year.
All three of the directors who form the Audit and Supervisory Committee are outside directors. The Audit and Supervisory Committee consists of one full-time and two part-tine directors.

Corporate Governance Report

The most recent report (PDF) can be viewed at the link below.
Corporate Governance Report (November 24, 2023)
* Document in Japanese