Tokyo, June 24, 2019 - NEC Corporation (NEC; TSE: 6701) today announced that the structure of its Nomination and Compensation Committee has been changed as part of efforts to strengthen corporate governance.

Specifically, the committee now has a total of four members, reduced from five, consisting of three Outside Directors and one Inside Director (non-executive director). This follows the resignation of NEC's President from the committee.

As a result, the committee will have a majority of Outside Directors, and all will be non-executive directors, which is expected to result in greater independence and objectivity.

The committee deliberates on (i) nomination for Directors, representative Directors and Audit & Supervisory Board Members (KANSAYAKU) ('A&SBMs'), the Chairman of the Board, and the President and (ii) the structure and the level of compensation for Directors, representative Directors and corporate officers with taking the business result of NEC and other conditions into account and from an objective perspective. The committee reports the results of its deliberations to the Board of Directors.

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NEC Corporation published this content on 24 June 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 June 2019 06:14:07 UTC