Meiko Network Japan : Notice Concerning Establishment of Nomination and Remuneration Committee
June 30, 2022 at 03:12 am EDT
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June 30, 2022
Company name: Meiko Network Japan Co., Ltd.
Representative:
Kazuhito Yamashita,
President & Representative Director
Stock code:
4668 (TSE Prime)
Contact:
Kouyuki Sakamoto, Executive Officer,
General Manager of Corporate Planning
Department
Tel. +81-3-5860-2111
Notice Concerning Establishment of Nomination and Remuneration Committee
At the Board of Directors' meeting held on June 30, 2022, the Company resolved to establishment of nomination and remuneration committee. Details are as follows.
1. Purpose of Establishment
The Nomination and Remuneration Committee is established to strengthen the fairness, transparency, and objectivity of the decision-making process regarding the appointment, dismissal, and remuneration of directors and to further enhance corporate governance.
2. Role of the Committee
The Nomination and Remuneration Committee deliberates on the following matters in response to consultations by the Board of Directors and provides advice and recommendations to the Board of Directors. The Nomination and Remuneration Committee may receive reports from directors, executive officers, and employees on matters necessary for the execution of duties as needed.
Matters concerning the appointment and dismissal of directors
Matters concerning the appointment and dismissal of executive officers
Remuneration for directors
Remuneration for executive officers
Matters related to the development of directors and executive officers and successor planning
Other matters deemed necessary by the Board of Directors
3. Composition of the Committee
The Nomination and Remuneration Committee shall consist of at least three members selected by resolution of the Board of Directors, the majority of whom shall be independent outside officers. The chairman shall be appointed by resolution of the Board of Directors from among members who are independent outside officers based on discussions at the Nomination and Remuneration Committee.
4. Date of Establishment
November 18, 2022 (To be established at the Board of Directors meeting following the 38th Ordinary General
Meeting of Shareholders)
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MEIKO Network Japan Co. Ltd. published this content on 30 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 June 2022 07:11:10 UTC.
MEIKO NETWORK JAPAN CO., LTD. is mainly engaged in the operation of cram school business. The Company operates in three business segments. The Meiko Cram School Direct Operation segment is engaged in the provision of teaching guidance and the sale of teaching materials and text books. The Meiko Cram School Franchise segment provides guidance to classroom setting up and operation, and sells classroom supplies, machines, teaching materials, among others. The Preparatory Schools segment is involved in the operation of specialty cram schools for medical college entrance exam. The Others segment is engaged in the operation of soccer schools for children, individual tutoring cram schools for high academic level, long-term tutoring cram schools, as well as the publishing of academic textbooks, among others.