TOKYO, Feb 20 (Pulse News Wire) – Koki Co., Ltd. (342A.T) announced today that its board of directors, held, resolved to establish an advisory Nomination and Remuneration Committee.
The committee's primary purpose is to enhance the independence, transparency, and objectivity of the board’s functions related to director nominations and remuneration, thereby strengthening corporate governance. It will consist of three or more members selected by the board, with a majority being independent outside directors.
The chairperson will also be chosen from among the independent directors through a board resolution. The Nomination and Remuneration Committee will deliberate on fundamental approaches to director nominations and remuneration, as well as the appropriateness of compensation levels, providing recommendations to the board of directors.
The committee was established effective immediately.
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