NITTO DENKO CORPORATION [6988.T]
TOKYO, Mar 30 (Pulse News Wire) – Nitto Denko Corporation (6988.T) confirmed the effectiveness of its board operations for fiscal year 2025 through a comprehensive analysis and evaluation process. The assessment was conducted based on a questionnaire by an external agency, followed by discussions among directors and public disclosure of key findings.
Key highlights from the evaluation included active and free discussions on various management issues, which were identified as a strength of the company's board. Additionally, improvements in the quality of deliberations were noted due to increased involvement of outside directors in internal meetings and corporate events. However, several areas for future improvement were also highlighted: 1. Enhanced continuous and planned discussion on internal control supervision.
2. In-depth consideration of institutional design and succession planning from a long-term perspective. 3. Effective utilization of outside directors' expertise and experience in refining board structure and operational methods.
In response to these findings, the company plans to further enhance the overall effectiveness of its board by leveraging insights gained from the evaluation and ongoing discussions within the ad hoc nomination and remuneration advisory committee.
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