TOKYO, Jun 18 (Pulse News Wire) – Nidec Corporation (6594.T) approved the reappointment of President and CEO Mitsunori Kishida and established a new board structure aimed at enhancing governance and oversight. The changes include appointing Soichiro Sakuma, former executive of Nippon Steel and Sumitomo Metal Industries, as chairman of the board to strengthen supervisory functions.
Additionally, four new external directors joined the audit committee, making it entirely composed of outside members. The nomination and compensation committees also transitioned to being fully staffed by external directors to ensure higher levels of fairness and objectivity.
In further moves to bolster corporate governance, Nidec set up a new advisory body called the Nomination Room to support board activities and enhance communication between the supervisory and management sides. The sustainability committee was led by Eisaburo Egusa, who brings extensive experience in global capital markets and dialogue with institutional investors.
Kishida stated he would continue leading the company's reform efforts based on the five-year plan outlined in May, aiming to fundamentally transform the organization and increase shareholder value.
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