Komori

Notice Regarding the Establishment of the Group Nomination and Compensation Committee

The existing non-statutory Compensation Committee was reorganized, and the non-statutory Group Nomination and Compensation Committee was established to deliberate on the appointment and dismissal, and compensation, of directors and executive officers. The committee will have 3 or more members, with independent outside directors making up a majority.

Worth reading
70In focus
Scored from 1 of 5 sections
Direction
Improvement
Direction inferred from the company’s description.
Scale
3
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Wording
Definitive
How definitive the wording is.

Governance structure

Committee1
Group Nomination and Compensation Committee (non-statutory); a majority of the outside members are independent outside directors
Changes this time

The functions and matters for deliberation concerning the appointment and dismissal of directors were added to the existing non-statutory Compensation Committee, which was reorganized as the Group Nomination and Compensation Committee.

Governance structure
ItemDetails
CommitteeGroup Nomination and Compensation Committee (non-statutory); a majority of the outside members are independent outside directors
Changes this timeThe functions and matters for deliberation concerning the appointment and dismissal of directors were added to the existing non-statutory Compensation Committee, which was reorganized as the Group Nomination and Compensation Committee.
Items this document does not state (6)
Corporate Governance StructureNumber of directorsNumber of independent officersPolicy on cross-shareholdingsTakeover defensesControlling shareholder

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

To ensure the transparency and objectivity of procedures concerning the nomination and compensation of directors, and to further strengthen the corporate governance framework.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Notice Regarding the Establishment of the Group Nomination and Compensation Committee | KYOTO KIMONO YUZEN HOLDINGS Co.,Ltd. (7615) timely disclosure | Komori