Koito Manufacturing : Announcement Regarding Establishment of Voluntary Nomination Committee and Remuneration Committee
December 21, 2021 at 03:20 am EST
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December 21, 2021
PRESS RELEASE
KOITO MANUFACTURING CO., LTD. Representative Director: Michiaki Kato, President (Stock Code: 7276 First Section, TSE)
Inquiries: Atsushi Inoue, Director and Managing Corporate Officer General Affairs Dept.
(Tel: +81-3-3443-7111)
Announcement Regarding Establishment of
Voluntary Nomination Committee and Remuneration Committee
KOITO MANUFACTURING CO., LTD. ("KOITO") has announced that at a meeting of the Board of Directors held on December 21, 2021 that KOITO has resolved to establish a voluntary Nomination Committee and Remuneration Committee as an advisory body to the Board of Directors.
1. Purpose of the Establishment
The Nomination Committee and the Remuneration Committee shall be established to enhance independence, objectivity and accountability of the Board of Directors related to Directors' nomination, remuneration and others.
2. Role of the Committee
In response to the consultation of the Board of Directors, the Nomination Committee and the Remuneration Committee shall deliberate on matters shown below, and resolve draft, policies and others.
(1) Nomination Committee
-1. Draft of proposals to the General Meeting of Shareholders on the appointment and dismissal of Directors
-2. Draft of proposals to the Board of Directors on the appointment, dismissal and duties of Representative Directors and Executive Directors
-3. Policy and procedures on the appointment and dismissal of Representative Directors and Executive Directors and nomination of candidate for Director
-4. Other matters to be consulted by the Board of Directors
Remuneration Committee
-1. Draft of proposals to the General Meeting of Shareholders on the remuneration of Directors -2. Policy to determine of Directors' remuneration
-3. Policy to determine of each Director's remuneration
-4. Other matters to be consulted by the Board of Directors
3. Members of Each Committee
Each committee shall consist of three or more members selected by the resolution of the Board of Directors. The chair of each committee shall be determined by resolution of each committee.
4. Date of Establishment December 21, 2021
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Koito Manufacturing Co. Ltd. published this content on 21 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 December 2021 08:19:07 UTC.
KOITO MANUFACTURING CO., LTD. is mainly engaged in the manufacture and sale of automotive lighting equipment, aircraft parts, railway vehicles parts, electrical equipment and measuring equipment. The Company mainly operates in six segments, including Japan, China, Asia, North America, Europe and Others. The Companyâs major products include light-emitting diode (LED) head lamps, discharge head lamps, headlights, sign lamps, high mount stop lamps, halogen bulbs, miniature bulbs and other lamp fittings, control equipment for rail vehicles, roads traffic signals, traffic control systems, roads and tunnels illumination lamps, facilities illumination lamps, accommodation equipment, aircraft parts, electronic parts, head lamps cleaners, sheets for aircraft and rail vehicles, as well as environment control equipment. The Company is also engaged in the development and manufacture of forward monitoring operation support systems for advanced driver-assistance systems (ADAS) through subsidiary.
KOITO MANUFACTURING CO., LTD. 
