TOKYO, Apr 03 (Pulse News Wire) – Air Water Inc. (4088.T) announced today that its board of directors resolved to alter the composition of the Nomination and Remuneration Committee, effective April 03, 2026.
The changes come as part of ongoing efforts to prevent recurrence of inappropriate accounting practices. Specifically, the company is working to clarify the director nomination process and review compensation systems to ensure clear responsibilities and roles. As a result, President and CEO Masayoshi Matsubayashi will step down from his role as a committee member.
The revised committee structure now includes: - Chairwoman: Yoko Hoga (outside director) - Members: Takao Matsumoto (outside director) and Jun Hayashi (outside audit director) In the future, the company plans to enhance the objectivity and transparency of director nominations and remuneration decisions under this new committee setup. --- Masayoshi Matsubayashi's departure from the committee reflects the company’s commitment to enhancing the fairness and impartiality of the nomination process. The revised committee will focus on ensuring robust governance mechanisms moving forward.
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