Axelspace Holdings Sets Up Compensation Advisory Committee

TOKYO, Jul 24 (Pulse News Wire) – Axelspace Holdings Corporation (402A.T) announced today that its board of directors has resolved to establish a compensation advisory committee (Compensation Committee). The committee will enhance the independence and objectivity of decision-making processes related to executive remuneration and strengthen accountability.

The Compensation Committee's primary role includes reviewing and advising on various aspects of the company’s compensation policies, such as overall objectives and design principles for executive remuneration programs, draft proposals for shareholder meetings, and individual compensation plans for executives. Additionally, the committee will provide recommendations based on requests from the company’s representatives. The committee structure consists of three or more directors appointed by the board resolution, with more than half being independent outside directors.

The chairman will be selected among the independent outside directors through a committee resolution. The establishment of the Compensation Committee is scheduled for August 1, 2026. This move underscores the company's commitment to enhancing transparency and fairness in its governance practices.