Nichirin Co., Ltd.
Notice Regarding Summary of Board of Directors Effectiveness Evaluation Results
Nichirin Co., Ltd. conducted an effectiveness evaluation of its Board of Directors and, although overall receiving high ratings, recognized issues including director training, diversity, and awareness of capital costs, announcing efforts to address these challenges.
Key Figures
- Number of survey items: 11 for directors and auditors, additional 9 items for outside directors and auditors
- Evaluation method: Five-point scale and free comment section provided
- Evaluation results: Average scores are high for nearly all items
AI要約
Overview of the Board of Directors Effectiveness Evaluation
Nichirin Co., Ltd. conducted a survey targeting all directors and auditors aiming to enhance Board functionality in accordance with the Corporate Governance Code. The evaluation was conducted on a five-point scale, including questions related to management awareness of capital costs and share price. The results showed high ratings for nearly all items, leading to the conclusion that the Board’s effectiveness is generally secured.
Future Issues and Responses
On the other hand, issues such as enhancing director training, diversifying the skills and ages of board members, improving the timing of Board material distribution, and insufficient quantitative discussions on management with awareness of capital costs and share price became apparent. Based on these issues, the Board will continuously improve corporate governance for transparent and fair decision-making, aiming to enhance corporate value.
