UT : Notice regarding the Establishment of the Nomination and Compensation Committee
August 30, 2021 at 05:52 am EDT
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August 30, 2021
Company name:
UT Group Co., Ltd.
Representative:
Yoichi Wakayama, President,
Representative Director & CEO
(Securities code:
2146, TSE First Section)
For inquiries:
Takahito Yamada, Senior Executive
Officer and Division Manager,
General Affairs Division
TEL:
+81-3-5447-1710
Notice regarding the Establishment of
the Nomination and Compensation Committee
The Board of Directors' meeting of UT Group Co., Ltd., held on August 30, 2021, resolved to establish a Nomination and Compensation Committee, as an optional advisory body of the Board of Directors.
1. Purpose of the establishment of the Committee
In order to ensure the objectivity and transparency of the procedures for the determination of Directors' nominations and remuneration, the Company will establish the Nomination and Compensation Committee as an advisory body for the Board of Directors by strengthening the function of the existing Nomination Committee and adding the function of a Compensation Committee.
2. Matters discussed by the Committee
Proposal for the appointment and dismissal of directors and audit & supervisory board members to be submitted to the general meeting of shareholders
Establishment, modification, and abolition of basic policies, etc. regarding the nomination of candidates for directors, audit & supervisory board members, executive officers of the Company and candidates for executive officers of important subsidiaries
Evaluation of the independence of outside directors and outside audit & supervisory board members
Evaluation of the full-time standing of audit & supervisory board members
Matters deemed necessary by the Nomination and Compensation Committee regarding the appointment of candidates for directors, audit & supervisory board members, executive officers of the Company and candidates for executive officers of important subsidiaries, and the dismissal of directors
Establishment, modification, and abolition of basic policies, etc. regarding the process of appointment and dismissal of the CEO
Establishment, modification, and abolition of basic policies, etc. regarding the succession planning and supervision of the CEO
Decision on the original proposal for remuneration of directors to be submitted to a general meeting of shareholders
Establishment, modification, and abolition of basic policies, etc. regarding the remuneration of directors and executive officers of the Company and executive officers of important subsidiaries
Determination of remuneration procedures for directors and executive officers of the Company and executive officers of important subsidiaries
Matters deemed necessary by the Nomination and Compensation Committee regarding the remuneration of directors and executive officers of the Company and executive officers of important subsidiaries
Other matters for consultation of the Board of Directors
3. Organization of the Committee
The Committee comprises three or more members (the majority of the committee members consists of independent outside directors and outside experts).
Chairperson:
Tomohiro Hen, Partner of Nagashima Ohno & Tsunematsu
Committee members:
Taisuke Igaki, External Board Director
Tetsuro Yoshimatsu, External Board Director
Yoichi Wakayama, President and CEO
Manabu Sotomura, Internal Board Director
4. Date of Establishment
August 30, 2021
End
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Disclaimer
UT Group Co. Ltd. published this content on 30 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 August 2021 09:51:08 UTC.
UT Group Co., Ltd. is a Japan-based company engaged in the indefinite employment and dispatch business for the manufacturing, design, development and construction industry. The Company operates in three business segments. Manufacturing segment is involved in the provision of temporary staffing, contracting and human resources services for the manufacturing industry. Its main customers include domestic semiconductors, electronics, automobiles, building materials and housing equipment companies. Solution segment is involved in the provision of employment dispatch, contracting for transfer in line with structural reforms for main manufacturing companies. Its main customers are major electronics manufacturers in Japan. Engineering segment is engaged in the provision of engineer dispatch, contracting and human resources services for electro-mechanical companies. Its main customers are manufacturers and general contractors.