NITTO DENKO CORPORATION [6988.T]
TOKYO, Apr 27 (Pulse News Wire) – Nitto Denko Corporation (6988.T) announced today that its board of directors has resolved to restructure the Nomination and Remuneration Advisory Committee. Effective June 19, 2026, the committee will operate as an advisory body to the board rather than to the CEO, enhancing oversight of executive nominations and remuneration.
The restructuring aims to clarify the role of the committee in advising on executive appointments and compensation. Since June 20, 2025, the committee has focused on refining its function and relationship with the board.
The changes ensure the board's active involvement and clear supervisory role in executive-related matters. The Nomination and Remuneration Advisory Committee will now consist of an external director elected as chairman, along with the CEO, other external directors, and one external auditor.
To maintain fairness, transparency, and objectivity, external directors will constitute more than half of the committee members.
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