TOKYO, Jun 29 (Pulse News Wire) – Marche Corporation (7524.T) announced on June 29 that it had resolved to abolish its compensation committee during a board meeting held on June 27. The decision was made due to difficulties in meeting the composition requirements set forth in the committee's regulations post the conclusion of the 54th regular shareholders' meeting on June 27.
Since its establishment on August 14, 2023, the compensation committee served as an advisory body to enhance the independence, objectivity, and accountability of the board’s functions concerning executive remuneration. Going forward, the board will review individual executive compensation based on predetermined policies and make decisions accordingly.
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