Kaga Electronics Co.,Ltd. Announces Establishment of Nomination and Compensation Committee
May 27, 2021 at 02:00 am EDT
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Kaga Electronics Co.,Ltd. announces that, at a Board of Directors meeting held on May 27, 2021, a resolution was passed to establish a Nomination and Compensation Committee as a voluntary advisory body to the Board of Directors, details of which are as follows. Purpose of establishment: The Nomination and Compensation Committee, a voluntary committee, will be established for the purpose of strengthening the supervisory function of the Board of Directors and enhancing the corporate governance systems by ensuring transparency and objectivity of evaluation and decision-making processes relating to nomination, compensation, etc. of directors and auditors. Role of the Nomination and Compensation Committee: In response to inquiries from the Board of Directors, the Committee deliberates and reports to the Board of Directors on matters related to the appointment and dismissal of directors and auditors, appointment and dismissal of directors with titles, compensation of directors and auditors, and other important management issues that the Board of Directors deem to be necessary. Structure of the Nomination and Compensation Committee: The Committee shall comprise three (3) or more directors appointed by the Board of Directors, a majority of whom shall be independent outside directors. The Committee’s chairperson shall be appointed from among the Committee members who are independent outside directors. Date of Establishment is June 29, 2021.
KAGA ELECTRONICS CO.,LTD. is a Japan-based company mainly engaged in the sale of electronic components, semiconductors, Electronics Manufacturing Service (EMS), finished products such as personal computers (PC) and other peripheral devices. The Company operates through four business segments. The Electronic Components segment is involved in the development, manufacture and sale of semiconductors, general electronic components and EMS. The Information Equipment segment is involved in the sale of PC, PC peripherals, home appliances, photo and video related products and original brand products. The Software segment is involved in the production of computer graphics (CG) video, as well as the plan and development amusement-related products. The Other segment is involved in the repair and support of electronics equipment, the manufacture and sale of amusement equipment, as well as the sale of sports equipment.