FUKUDA DENSHI CO.,LTD. [6960.T]
TOKYO, Jun 26 (Pulse News Wire) – Fukuda Denshi CO.,LTD. (6960.T) announced today that it has decided to launch a “Corporate Governance Reform Project” aimed at further strengthening its corporate governance structure during a board meeting held.
The project builds upon reforms initiated on June 03, 2026 and seeks to enhance transparency and fairness in management while striving for sustainable corporate value improvement. Six basic principles will guide the reform efforts: 1. Institutional Design: Transitioning to a majority independent director system by the ordinary shareholders' meeting scheduled for March 2027 and continuously reviewing optimal institutional designs for future corporate value enhancement. 2. Systematizing Succession Planning: Considering the introduction of retirement systems for various positions to facilitate smooth leadership transitions. 3. Clarifying Roles Between Management and Execution: Establishing a clear distinction between executive roles and operational functions, with the execution team led by the president comprising four senior executives overseeing technology, business, finance, and human resources.
4. Refreshing Board Operations: Delegating decision-making authority to senior executives to streamline operations and clarify responsibilities. 5. Leadership Development System: Building a robust development program to strengthen the knowledge and courage needed for future leaders. 6. Transparent Compensation Systems: Ensuring transparency in compensation structures and processes for executive-level personnel, aligning rewards with individual roles and responsibilities. Fukuda Denki emphasizes its commitment to enhancing stakeholder trust through these initiatives and pledges to disclose progress updates appropriately moving forward.
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