TOKYO, Mar 24 (Pulse News Wire) – ES Networks CO.,LTD. (5867.T) announced today that its board of directors decided to establish an advisory nomination committee during their meeting held.
The primary purpose of setting up the committee is to enhance the fairness, transparency, and objectivity of the procedures related to director nominations, thereby strengthening the company's corporate governance framework. Additionally, ES Networks had previously established a remuneration committee in January 2022. The nomination committee will primarily review matters such as the composition and balance of the board, appointments and dismissals of directors, selection and removal of executive officers, appointment of outside directors, and succession planning.
It will consist of three or more directors selected by the board, with a majority being outside directors. The chairman of the committee will also be chosen from among the outside directors. The committee was officially set up.
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