EXEDY Corporation
Notice Regarding Transition to a Company with Nomination Committees and Changes in Officers
Exedy Corporation plans to transition to a company with nomination committees at the annual shareholders' meeting scheduled for June 2026, renewing its executive structure. Details on director candidates and committee composition were announced.
Key Figures
- Scheduled transition date to company with nomination committees: Annual shareholders' meeting scheduled for June 2026
- Number of director candidates: 7 (including 4 independent outside directors)
- Number of auditors scheduled to retire: 3
AI要約
Purpose and Timing of Transition to a Company with Nomination Committees
Exedy Corporation has resolved to transition to a company with nomination committees at the annual shareholders' meeting scheduled for June 2026 to ensure management transparency, enable prompt and decisive decision-making, and promote sustainable growth and medium- to long-term enhancement of corporate value. This transition will facilitate delegation of authority from the board of directors to executive officers and establish the three committees with a majority of independent outside directors to strengthen supervisory functions and enhance governance transparency.
Details of Changes in Officers
The director candidates proposed for approval at this annual shareholders' meeting include seven individuals, including Tetsuya Yoshinaga, the current President and Representative Director, and six others, among whom four are independent outside directors. The composition of the Nomination, Compensation, and Audit Committees has also been determined. Three auditors including Takashi Suzuki are scheduled to retire. Additionally, multiple executive officer candidates are expected to be promoted and the executive officer system will be abolished. These officer changes are part of efforts to strengthen the management framework and governance reform.
