FUKUDA DENSHI CO.,LTD. [6960.T]
TOKYO, Jun 16 (Pulse News Wire) – Fukuda Denshi CO.,LTD. (6960.T) decided to withdraw candidatefrom its upcoming annual general meeting scheduled for June 26, reducing the number of proposed directors from 11 to 10.
As a result, the company also amended plans related to external director compensation limits and performance-linked stock compensation for directors. The amendments reflect recent governance enhancements and economic conditions, setting new compensation limits for external directors while maintaining overall director compensation levels. In addition, the revised proposal now affects five instead of six directors due to the reduced board size.
The changes aim to align with long-term performance improvement goals and enhance alignment between executive remuneration and company performance. Shareholders who have already exercised their voting rights for the initial proposal will now only have those votes valid for the ten remaining nominees. The deadline for exercising proxy voting remains until June 29 at 5:30 PM.
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