Notice Concerning the Establishment of the Nomination and Compensation Advisory Committee

Tokyo, Japan—At the Board of Directors meeting held on May 9, 2019, the Company resolved to establish a Nomination and Compensation Advisory Committee today as follows.

1.   Purpose of establishing the Nomination and Compensation Advisory Committee

As part of our effort to strengthen corporate governance, the Company has established the Nomination and Compensation Advisory Committee as an advisory body to the Board of Directors to ensure greater fairness and transparency in the nomination and compensation of directors, auditors, and executive officers.

2.   Matters to be deliberated by the Nomination and Compensation Advisory Committee concerning:

(1)        the nomination of director and auditor candidates to be resolved at the General Meeting of Shareholders;

(2)        the selection and dismissal of representative directors;

(3)        the selection and dismissal of the president;

(4)        the selection and dismissal of executive directors;

(5)        the selection and dismissal of executive officers;

(6)        the selection and dismissal of executive officers from senior vice presidents and higher;

(7)        succession planning (including training) for the representative director and president;

(8)        compensation for directors and executive officers;

(9)        other matters concerning nomination and compensation.

3.   Composition of the Nomination and Compensation Advisory Committee

The Nomination and Compensation Advisory Committee will consist of three or more members, including the president, with the majority of the Committee members being independent external directors. The members of the Committee will be selected at the Board of Directors meeting to be held after the 120th Ordinary General Meeting of Shareholders scheduled for June 26, 2019.

4.  Committee establishment date:

June 26, 2019


TOSOH CORPORATION

Who We Are

Tosoh is the parent of the Tosoh Group, which comprises over 100 companies worldwide and a multiethnic workforce of over 12,000 people and generated net sales of ¥861.5 billion (US$7.8 billion at the average rate of ¥110.9 to the US dollar) in fiscal 2019, ended March 31, 2019.

What We Do

Tosoh is one of the largest chlor-alkali manufacturers in Asia. The company supplies the plastic resins and an array of the basic chemicals that support modern life. Tosoh’s petrochemical operations supply ethylene, polyethylene, and functional polymers, while its advanced materials business serves the global semiconductor, display, and solar industries. Tosoh has also pioneered sophisticated bioscience systems that are used for the monitoring of life-threatening diseases. In addition, Tosoh demonstrates its commitment to a sustainable future in part by manufacturing a variety of eco-products.

Stock Exchange Ticker Symbol: 4042

Disclaimer

This document may contain forward-looking statements, including, without limitation, statements concerning product development, objectives, goals, and commercial introductions, which involve certain risks and uncertainties. Forward-looking statements are identified through the use of the word anticipates and other words of similar meaning. Actual results may differ significantly from the results expressed in forward-looking statements.

 

 

For more information, please contact

 

Jeff Markley
International Corporate Development
Tosoh Corporation

jeff.markley@tosoh.com
Tel: +81 3 5427 5118
Fax: +81 3 5427 5198