TOKYO, Jun 18 (Pulse News Wire) – Buffalo Inc. (6676.T) resolved during its board meeting held on June 18 to overhaul its governance structure post the 40th regular shareholders' meeting and establish two advisory committees—the Finance Committee and Evaluation Committee—effective June 25.
The restructuring aims to optimize the balance between promotion and oversight within the management framework, enhancing governance and enabling swift decision-making while pursuing sustainable value growth. Key changes include establishing an Executive Board responsible for drafting business plans, internal monitoring through the Internal Control Committee, and supervision by the Board of Directors with newly formed advisory bodies. Additionally, the company will focus on maintaining a robust capital cost awareness and disciplined business growth through the Finance Committee.
Buffalo Inc. also established the Evaluation Committee to enhance fairness, transparency, and objectivity in evaluating and compensating directors and executives. This committee will integrate functions previously handled by the Compensation Committee and ensure more rigorous corporate governance standards.
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