SUMIDA: Company News

Notice of Decision on Candidates for the Board of Directors

February 19th 2021 Press Release

SUMIDA CORPORATION (hereafter “the Company”) would like to announce that the Nomination Committee nominated the following nine (9) candidates for the Board of Directors. The membership as director will take effect subject to the approval of the shareholders at the coming Annual General Meeting of Shareholders scheduled for March 25, 2021.

1. Candidates for the Board of Directors

Name Current position at SUMIDA CORPORATION
Mr. Shigeyuki Yawata Director, Representative Executive Officer and CEO
(Member of the Risk Management Committee)
Mr. Pak Hong Auyang Outside director
(Chairman of the Nomination- and the Compensation Committee)
Mr. Yukihiro Moroe Outside director
(member of the Nomination- and the Compensation Committee)
Mr. Atsushi Kato Outside director
(Chairman of the Audit Committee, member of the Risk Management Committee)
Dr. Michael Mühlbayer Outside director
(member of the Nomination- and the Compensation Committee)
Dr. Masako Miyatake Outside director
(Member of the Audit Committee, member of the Risk Management Committee)
Mr. Tatsuo Umemoto Outside director
(member of the Audit Committee)
Mr. Tomoharu Suseki Director
(Member of the Risk Management Committee)
Mr. Gen Ikegami
(New candidate)
----

Note: Messrs. Pak Hong Auyang, Yukihiro Moroe, Atsushi Kato, Dr. Michael Mühlbayer, Dr. Masako Miyatake, Mr. Tatsuo Umemoto and Mr. Gen Ikegami are candidates as outside directors. After the election as outside directors at the coming Annual General Meeting of Shareholders scheduled for March 25, 2021, they will be registered as independent directors pursuant to the regulations of the Tokyo Stock Exchange.

2. Brief personal profile of the proposed new candidate for the Board of Directors

Mr. Gen Ikegami (born January 10, 1955)

Brief personal profile
Sep. 1980 Joined Showa Audit Corporation (Currently Ernst & Young ShinNihon LLC)
Mar. 1983 Registered as Certified Public Accountant
May 1992 Registered as CPA in the state of California, United States of America
May 2000 Representative Partner, Century Ota Showa & Co. (Currently Ernst & Young ShinNihon LLC)
Jan. 2002 Board Member, International Auditing and Assurance Standards Board (IAASB)
Nov. 2005 Board Member, International Federation of Accountants (IFAC)
Jul. 2010 Deputy President, The Japanese Institute of Certified Public Accountants (JICPA) (Reappointed in July 2013)
Jul. 2010 Director, Financial Accounting Standards Foundation (FASF)
Jun. 2015 Representative, Gen Ikegami Certified Public Accountant Office (To date)
Jul. 2015 Outside Statutory Auditor, TEIJIN LIMITED (To date)
Jun. 2016 Outside Director, TAC Co., Ltd. (To date)
Jul. 2016 Counsel, The Japanese Institute of Certified Public Accountants (JICPA)
Jun. 2020 Outside Director (Audit and Supervisory Committee Member), Fujitsu Frontech Limited (To date)

 

Reasons for the election of candidate nominated for director: Mr. Gen Ikegami is expected to contribute to maintaining and improving the Company’s compliance based on his abundant knowledge and experience as a certified public accountant over many years, and therefore, the Company judges that he will appropriately fulfill his duties as an outside director. He is a new candidate for outside director.

Archive