TOKYO, Apr 17 (Pulse News Wire) – Kitagawa Corporation (6317.T) resolved at its April 17, 2026 board meeting to establish a voluntary nomination and remuneration committee as an advisory body to the board of directors. The primary objective is to enhance the fairness, transparency, objectivity, and accountability of procedures related to director nominations and compensation, thereby strengthening corporate governance.
The committee will consist of three or more members appointed by the board resolution, with a majority being independent outside directors. The chairperson will be selected from among the outside directors through committee decision.
Key responsibilities of the committee include selecting and recommending candidates for directors and delegated executive officers, setting standards for their removal, determining compensation policies and contents, and handling matters related to compensation in cases involving significant irregularities such as fraudulent accounting. Other issues deemed necessary by the board will also fall within the committee's purview.
The committee was established effective April 17, 2026.
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