Nikkon Holdings Enhances Board Effectiveness Post Annual Review

TOKYO, Jul 02 (Pulse News Wire) – Nikkon Holdings CO.,LTD. (9072.T) reported on the effectiveness of its board of directors following an annual review conducted in fiscal year 2026.

The evaluation involved self-assessments by directors based on 32 questions rated on a five-point scale and included qualitative feedback. External agencies were utilized to ensure objectivity in analyzing responses. Key findings indicated overall satisfactory performance, particularly noting strengths in board composition and operations, strategic discussions, and the role of independent outside directors.

Specific areas for improvement identified last year have been addressed through measures such as integrating nomination and remuneration committees, enhancing digital tools, and improving communication channels for external directors. For the upcoming fiscal year, Nikkon plans further enhancements focusing on succession planning, information provision to external directors, internal control system strengthening, delegation of authority, and talent development. Initiatives include regular updates on progress to the board, more frequent exchanges between external directors and management, and refining reporting mechanisms for group companies' internal controls.