Shimano Inc.
Proposal to Shorten Directors’ Terms and Further Strengthen Corporate Governance
A resolution will be submitted to shorten directors' terms from the current two years to one year. The company will consider new external director candidates and review the operation of the Nomination and Remuneration Advisory Committee to enhance the effectiveness of corporate governance.
Key Figures
- Term shortening: Scheduled to shorten from 2 years to 1 year (proposed amendment to the Articles of Incorporation to be submitted)
- Consideration of candidates for external directors
- Review of the Nomination and Remuneration Advisory Committee composition (including consideration of changing the chair to an external director)
AI要約
Background and Purpose of the Initiatives
To respond to changes in the business environment and maintain and strengthen competitiveness, the company intends to further enhance the board's functions for strategic discussion and oversight. It is considering strengthening governance over board composition, nomination, and remuneration, and is preparing to evaluate the suitability of personnel, including external directors.
Consideration of a New Board Structure and Next Steps
A proposed amendment to the Articles of Incorporation to shorten directors' terms from two years to one year will be submitted to the 120th Ordinary General Meeting of Shareholders. The company will follow appropriate procedures, including changes to the current Articles, and announce decisions after due process.
Shimano Inc.
Company overview · Stock price · Financial data · All IR
