Notice regarding the Establishment of the Nomination and Compensation Committee
Yamaichi Electronics hereby announce that at our Board of Directors meeting held on June 28, 2023, it decided to establish a voluntary Nomination and Compensation Committee (hereinafter, “the Committee”) as an advisory body to the Board of Directors. Details are as follows.
1. Purpose of the establishment of the Committee
In order to strengthen the supervisory functions of the Board of Directors and to further enhance the corporate governance system, by ensuring the transparency and objectivity of the evaluation and decision-making processes related to director nomination, compensation, etc.
2. Role of the Committee
The Committee shall, in response to consultation by the Board of Directors, deliberate on the following matters and report to the Board of Directors.
・Matters concerning the composition of the Board of Directors
・Matters concerning the nomination of directors
・Matters concerning policies for determining remuneration for directors
・Matters concerning remuneration for directors
・Examination of successor training policy
・Other matters deemed necessary by the Board of Directors
3. Structure of the Committee
（１） The Committee consists of three or more members selected by the Board of Directors.
（２） The Committee consists of with a majority of Independent Outside Directors.
（３） The Chairperson shall be selected by resolution of the Committee from among its members.
4. Date of Establishment
June 28, 2023
