Members updates governance policy

TOKYO, Jul 24 (Pulse News Wire) – Members CO.,LTD. (2130.T) announced changes to its Corporate Governance Policy following a board meeting .

Key amendments include the establishment of non-executive director positions and additional requirements for nomination and remuneration committees. Non-executive directors will now participate in committee meetings alongside audit committee members, ensuring enhanced oversight functions. The revised policy also introduces a new category of non-executive directors who will not be eligible for performance-based compensation to maintain objective supervisory roles.

Additionally, the company clarified criteria for independent outside directors, emphasizing their role in reflecting stakeholder opinions within the boardroom. Furthermore, the updated policy outlines detailed compensation structures for various categories of directors and executives, focusing on aligning incentives with long-term value creation and sustainable growth objectives. Members Co.

Continues to prioritize transparency and accountability in its corporate governance framework.