Maxell : Outline of Assessment Results Related to Effectiveness of the Board of Directors for the Fiscal Year Ended March 31, 2024
April 26, 2024 at 03:36 pm
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April 26, 2024
Maxell, Ltd.
Outline of Assessment Results Related to Effectiveness of the Board of Directors
for the Fiscal Year Ended March 31, 2024
Based on the Corporate Governance Guidelines, Maxell, Ltd. (hereinafter "the Company") regularly conducts assessment related to the effectiveness of its Board of Directors with the purpose of enhancing its effectiveness and improving the Company's corporate value.
The Company today announces the outline of analysis and assessment results related to effectiveness of the Board of Directors for the fiscal year ended March 31, 2024 as follows.
1. Methods of analysis and assessment related to the effectiveness of the Board of Directors
The Company carried out an anonymous survey among its directors containing the following items and asked outside directors for their opinion on the results of the survey.
Based on the results, the Board of Directors analyzed and assessed its effectiveness as well as examined ways to make improvements going forward.
Survey Content (Main Items)
Board of Directors' structure
Board of Directors' effectiveness
Effectiveness of appointment and remuneration systems for directors and executives
Board of Directors' management
Personal evaluation
Structure of support and cooperation for outside directors
Roles of Audit and Supervisory Committee members and expectations to them
Relationship with shareholders and other stakeholders
*In order to make the comparison with previous year's assessment results, the items are same as previous year.
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2. Outline of analysis and assessment results related to the effectiveness of the Board of Directors
The Board of Directors recognizes that an appropriate system to make important management decisions and to supervise execution of business operations is established, and its effectiveness is ensured as a whole.
On the other hand, regarding the deepening of medium- to long-term strategic discussions which was addressed as an issue in the previous year's assessment, the Board of Directors recognized that it is necessary to continue constructive discussions among the whole group of the Company toward further enhancement of corporate value.
Based on the analysis and assessment results, the Board of Directors will focus on the above issue and strive to further improvement of the effectiveness of the Board of Directors.
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Hitachi Maxell Ltd. published this content on
26 April 2024 and is solely responsible for the information contained therein. Distributed by
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26 April 2024 14:36:13 UTC.
Maxell Ltd, formerly Maxell Holdings Ltd, is mainly engaged in the manufacturing and sales of energy, industrial materials and electric appliances and consumer products. The Company mainly operates through three business segments. The Energy segment manufactures and sells secondary batteries, such as coin type lithium secondary batteries, industrial lithium ion batteries and electrodes, and consumer lithium ion batteries, primary batteries such as lithium primary batteries and button batteries, and charger and battery packs. The Industrial Materials segment manufactures and sells optical components, functional materials, electroforming and precision parts, semiconductor-related embedded systems, mold and synthetic resin molded parts, adhesive tapes, radio-frequency identification (RFID) systems and Integrated Circuit (IC) cards, industrial rubber products and others. The Electric Appliance and Consumer segment manufactures and sells projectors, small electric equipments and others.
MAXELL, LTD. 
