Sumitomo Warehouse : Notice on Establishment of Nomination and Remuneration Committee
April 05, 2021 at 08:30 am
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(Translation)
April 1, 2021
To whom it may concern,
Company name:
The Sumitomo Warehouse Co., Ltd.
Representative:
Takanori Ono, President
Security ID Code:
9303 (Listed on 1st section of TSE)
Reference:
Akira Sakaguchi
Executive Officer, General Manager,
General Affairs Department
Tel: +81-6-6444-1181
Notice on Establishment of Nomination and Remuneration Committee
The Company has established a Nomination and Remuneration Committee (hereinafter referred to as "the Committee") as a voluntary advisory body to the Board of Directors as follows.
1. Purpose of establishment
The Committee was established as a voluntary advisory body to the Board of Directors to increase the objectivity and transparency of nomination and remuneration decision -making procedures and further enhance the corporate governance system by obtaining additional involvement and advice from outside directors on matters related to the nomination and remuneration of directors and corporate auditors.
2. Role of the Committee
The Committee will deliberate matters related to the nomination and remuneration of directors and corporate auditors in accordance with consultation from the Board of Directors, and return t he results to the Board of Directors.
3. Composition of the Committee
The Committee will be composed of the President and outside directors. The three current members are the President and two outside directors, with outside directors making up a majority of the members.
4. Date of establishment April 1, 2021
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The Sumitomo Warehouse Co. Ltd. published this content on 05 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 April 2021 07:29:06 UTC.
Sumitomo Warehouse Co Ltd is a Japan-based company mainly engaged in the integrated logistics business. The Company operates through three business segments. The Logistics segment is engaged in the warehousing, harbor transportation, international transportation and land transportation, as well as the development of software related to its logistics business. The Marine Transportation segment is engaged in the freight transportation using ships, and the operation of marine transportation agents. The Real Estate segment is engaged in the trading, leasing and management of business offices and lands.