7-Eleven parent to make majority of board members independent

Only 6% of Japanese listed companies have most directors from outside

Seven & i holdings, operator of the 7-Eleven convenience store chain, plans to bring in a majority of outside directors, hoping to gain expertise as it expands the business abroad.

Nikkei staff writer

March 28, 2022 18:00 JST

Updated on March 28, 2022 18:40 JST

TOKYO -- Japanese retailer Seven & i Holdings plans to reshuffle its board so that the majority of directors will come from outside the company, Nikkei has learned.

The move is aimed at bringing in people with expertise as the company expands its overseas convenience store business. Only 6% of listed companies in Japan have boards in which outside directors are the majority.