Today’s Business Japanese is “President without Representation Right”.
The other day Seven & i holdings group sold Sogo/Seibu department stores to Fortres Investment Management and they announced that the Sogo/Seibu president will remain as “President without Representation Right”.
“President without Representation Right” is not often heard.
”Representation Right” is hold only by Directors and important issues are decided by Board of Directors.
Therefore, “President without Representation Right” can not participate in the decision.
And all he can do is only to implement and carry out what is decided aby Board of Directors.
This is the truth and fact about president who are merged.
Japanese Language School in Roppongi, Tokyo
