Securities Code: 1963
Date of issue: June 5, 2024
Start of electronic provision: May 27, 2024
JGC HOLDINGS CORPORATION 2-3-1 Minato Mirai, Nishi-ku Yokohama, Kanagawa 220-6001, Japan
Masayuki Sato
Representative Director and Chairman
To the Shareholders of JGC HOLDINGS CORPORATION (the "Company")
NOTICE OF THE 128th ORDINARY
GENERAL SHAREHOLDERS' MEETING
We hereby notify you of the convocation of the 128th Ordinary General Shareholders' Meeting with the following outline.
When convening this general meeting of shareholders, the Company has taken an electronic provision measure for information that constitutes the contents of reference documents, etc. for the general shareholders' meeting (matters subject to the electronic provision measure). Said information is posted on the Company's website under "The 128th Ordinary General Shareholders' Meeting" on the Internet. Please confirm by accessing the Company's website below.
Corporate website:https://www.jgc.com/en/ir/stocks/shareholders-meeting.html
In addition to the Company's website, the matters subject to the electronic provision measure are posted on the website of the Tokyo Stock Exchange (TSE). Please access the TSE website (Listed Company Search) below, enter JGC HOLDINGS CORPORATION in the "Issue name (company name)" field or 1963 in the "Code" field, and click "Search." Next, select "Basic information" and then "Documents for public inspection/PR information" to confirm the information.
TSE website (Listed Company Search):https://www2.jpx.co.jp/tseHpFront/JJK020030Action.do
In the event that you are unable to attend, you may exercise your voting rights via the Internet or in writing. In this case, please review the reference documents and exercise your voting rights by 6:00 p.m., Wednesday, June 26, 2024.
1
Details
- Date and time: Thursday, June 27, 2024, at 10:00 a.m. (Opening time: 9:00 a.m.)
- Location: Meeting Room of JGC HOLDINGS CORPORATION
Queen's Tower A, 6th floor 2-3-1, Minato Mirai, Nishi-ku
Yokohama, Kanagawa, Japan
3. Agenda:
Items to Report:
- Business Report, Consolidated Financial Statements and the Independent Auditors' and the Audit & Supervisory Boards' Reports on Consolidated Financial Statements for the 128th fiscal period from April 1, 2023 to March 31, 2024.
- Non-ConsolidatedFinancial Statements for the 128th fiscal period from April 1, 2023 to March 31, 2024.
Items for Resolution:
- Approval of Appropriation of Retained Earnings
- Appointment of 10 Directors
- Appointment of 5 Audit & Supervisory Board Members
Decisions concerning convocation:
1. Among the matters subject to the electronic provision measure, the following matters are not included in the written documents to be delivered to shareholders who request the delivery of written documents in accordance with the laws and regulations and the provisions of Article 16 of the Company's Articles of Association. The Audit & Supervisory Board Members and the Independent Auditor have audited the documents
subject to audit, including the following items.
(1) Following matters of the consolidated financial statements Consolidated Statement of Changes in Equity and Notes to Consolidated Financial Statements
(2) Following matters of the non-consolidated financial statements Non-consolidated Statement of Changes in Equity and Notes to Non- consolidated Financial Statements
- If a shareholder exercised the voting rights in duplicate via the Internet and by submitting the Certificate for the Exercise of Voting Rights, the voting rights exercised via the Internet will be deemed valid. Furthermore, if a shareholder exercised the voting rights multiple times via the Internet, the last exercise of the voting rights will be deemed valid.
- If neither approval nor disapproval of items for resolution is indicated in the returned Certificate for the Exercise of Voting Rights, it shall be deemed a vote for approval of company proposals and deemed a vote for disapproval of shareholder proposals.
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- Attendees are kindly requested to submit their Certificate for the Exercise of Voting Rights to the reception desk staff on the day of the meeting.
- If any amendment is made to the matters subject to the electronic provision measure, the statement to that effect and the matters before and after the amendment will be posted on the Company's website and the TSE website above.
2
Items for Resolution and Reference Material
1. Approval of Appropriation of Retained Earnings
The Company has established the dividend policy by taking into consideration profit sharing with shareholders while comprehensively considering the maintenance of its capital base and the investment for growth, aiming for a dividend payout ratio of 30% of profit attributable to owners of parent, with an annual dividend of 15.00 yen per share as the minimum amount. Although Profit attributable to owners of parent for the current fiscal year turned to loss, after comprehensively taking into account the current financial situation of the Company, including the liquidity situation on hand and the outlook for the next fiscal year and beyond, the Company proposes a year-end dividend of 40.00 yen per share, as per the forecast announced in May 2023.
In addition, for the purpose of ensuring flexibility in capital policy, the Company proposes to appropriate a part of general reserve to the retained earnings brought forward as follows:
1. Items relating to fiscal year-end dividends
- Type of dividend Cash
- Dividend amount to be allocated
Per share of common stock: | ¥40.00 |
Total: | ¥9,661,652,880 |
(3) Effective date of dividends from retained earnings June 28, 2024
2. Other matters relating to the appropriation of surplus funds
(1) | Item and amount of surplus to be reduced | General reserve |
¥8,000,000,000 | ||
(2) | Item and amount of surplus to be increased | Retained earnings carried forward |
¥8,000,000,000 |
[Reference] Basic policy on the appropriation of profits
From the fiscal year ending March 2025, the company will change its basic policy on dividends, taking into account its current financial position and the outlook for its future performance. The revised policy is as follows.
- Based on the concept of paying a year-end dividend of surplus once a year and linking it to the performance of each fiscal year, the consolidated dividend payout ratio will be around 30%, with a minimum annual dividend of 40 yen per share.
- Share buy-backs will be considered from time to time, taking into account the performance outlook and free cash flow situation.
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2. Appointment of 10 Directors
At the conclusion of the 128th Ordinary General Shareholders' Meeting, the tenure of office of all 7 directors will expire. This proposal requests the appointment of 10 Directors in order to maintain an appropriate and flexible number of Directors capable of effective deliberations at the Board of Directors meetings, to further enhance discussions on the Group's medium- and long- term strategies and issues, and to strengthen the supervisory function over the execution of the Group companies operations.
The candidates for appointment as director are as follows:
Present position and responsibilities at | Attendan | Term of | ||||||||||
ce rate at | ||||||||||||
Name(age), gender | the Company (Current principal | office as | ||||||||||
board | ||||||||||||
position) | Director | |||||||||||
meetings | ||||||||||||
1 | Masayuki Sato | Representative Director and Chairman | ||||||||||
Chief Executive Officer | 100% | |||||||||||
(69), male | 14 years | |||||||||||
A member of nominating committee | (13/13) | |||||||||||
Reappointment | ||||||||||||
A member of compensation committee | ||||||||||||
2 | Tadashi Ishizuka | Representative Director and President | ||||||||||
Chief Operating Officer | 100% | |||||||||||
(72), male | 7 years | |||||||||||
A member of nominating committee | (13/13) | |||||||||||
Reappointment | ||||||||||||
A member of compensation committee | ||||||||||||
3 | Kiyotaka Terajima | Director, Senior Executive Vice President, | ||||||||||
Chief Financial Officer | 100% | |||||||||||
(65), male | 8 years | |||||||||||
(Representative Director, President, JGC | (13/13) | |||||||||||
Reappointment | ||||||||||||
Corporate Solutions Co., Ltd.) | ||||||||||||
4 | Masaki Ishikawa | Senior Executive Officer | ― | ― | ||||||||
(61), male | ||||||||||||
N e w A p p o i n t m e n t | ||||||||||||
5 | Shoji Yamada | Director | 100% | |||||||||
(64), male | (Representative Director, President, | 3 years | ||||||||||
(13/13) | ||||||||||||
Reappointment | JGC JAPAN CORPORATION) | |||||||||||
Shigeru Endo | ||||||||||||
6 | (75), male | Outside Director | 100% | |||||||||
Reappointment | Chairman of nominating committee | 11 years | ||||||||||
(13/13) | ||||||||||||
Outside | A member of compensation committee | |||||||||||
Independent | ||||||||||||
4 |
Masayuki Matsushima | Outside Director | ||||||||||||
7 | (79), male | A member of nominating committee | 100% | ||||||||||
Reappointment | Chairman of compensation committee | 8 years | |||||||||||
(13/13) | |||||||||||||
Outside | (Senior Advisor, Integral | ||||||||||||
Corporation) | |||||||||||||
Independent | |||||||||||||
Noriko Yao | Outside Director | ||||||||||||
8 | (56), female | A member of nominating committee | 100% | ||||||||||
Reappointment | A member of compensation | 3 years | |||||||||||
(13/13) | |||||||||||||
Outside | committee | ||||||||||||
(Partner, TMI Associates) | |||||||||||||
Independent | |||||||||||||
Shinjiro Mishima | ― | ||||||||||||
9 | (74), male | (Representative Director, Next | ― | ― | |||||||||
N e w A p p o i n t m e n t | Generation Environmental Ship | ||||||||||||
O u t s i d e | |||||||||||||
Development Centre) | |||||||||||||
I n | d e p e n d e | n t | |||||||||||
Miku Hirano | ― | ||||||||||||
10 | (40), female | ― | ― | ||||||||||
N e w A p p o i n t m e n t | (Representative Director and Co-CEO | ||||||||||||
O u t s i d e | Cinnamon Co., Ltd.) | ||||||||||||
I n d e p e n d e n t | |||||||||||||
Notes: 1. The age of each candidate is as of the day of this Annual General Meeting of Shareholders.
- The term, (Current principal position) is used when a candidate occupies a primary position different from that described as (Present position and responsibilities at the Company).
- The family register name of the candidate Noriko Yao is Noriko Seto.
5
Name | Career Summary, Status, Responsibility or | Company | |||||
(Date of Birth) | Significant Positions Concurrently Held | Shares Held | |||||
Apr. | 1979 | Joined the Company | |||||
Jul. | 2009 | Executive Officer, | |||||
Masayuki Sato | Jul. | 2010 | General Manager, Finance & Accounting Division | ||||
(May 18, 1955) | Director, Chief Financial Officer | ||||||
and Senior General Manager, Finance & Accounting | |||||||
R e a p p o i n t m e n t | |||||||
Division | |||||||
Term of office as a | Jul. | 2011 | Managing Director, Chief Financial Officer | ||||
and Senior General Manager, Corporate | |||||||
Director: | |||||||
Administrative & Financial Affairs Division | |||||||
50,720 | |||||||
14years | Jun. | 2012 | Executive Vice President, Director, Chief Financial | ||||
(As of the conclusion of this | Officer and Senior General Manager, Corporate | Shares | |||||
Ordinary General | Administrative & Financial Affairs Division | ||||||
Shareholders' Meeting) | Apr. | 2013 | Executive Vice President, Director, | ||||
1 | Attendance rate at board | Chief Financial Officer, Senior General Manager, | |||||
Corporate Administrative & Financial Affairs | |||||||
meetings | |||||||
Division and Senior General Manager, Security | |||||||
100% | |||||||
Management Office | |||||||
(13/13) | Jun. | 2014 | Representative Director and Chairman | ||||
Jun. | 2017 | Representative Director and Chairman, | |||||
Chief Executive Officer (current post) | |||||||
[Reason for Nomination | as Director] | ||||||
Mr. Masayuki Sato possesses abundant experience and knowledge built up through his service as the | |||||||
Company's Chief Financial Officer and as the Senior General Manager of the Corporate Affairs Division, | |||||||
as well as in other positions, and has served as Representative Director and Chairman since 2014 making | |||||||
positive contributions to the management of the Company and the JGC Group. Based on this record of | |||||||
service, it is judged that he has the capacity to use his accumulated experience and knowledge to perform | |||||||
the duties of director and exercise decisive leadership in successfully promoting the Company's business | |||||||
and is nominated for election as a director. | |||||||
Apr. | 1972 | Joined the Company | |||||
Jul. | 2004 | Executive Officer, | |||||
General Manager, Energy Project Division | |||||||
Tadashi Ishizuka | Jun. | 2005 Senior Executive Officer, | |||||
General Manager, Energy Project Division | |||||||
(October 3, 1951) | Aug. | 2007 | Senior Executive Officer, | ||||
R e a p p o i n t m e n t | Senior General Manager, Project Operation Services | ||||||
Term of office as a | Division | ||||||
Jun. | 2008 | Managing Director, | |||||
Director: | Senior General Manager, Project Operation Services | 53,632 | |||||
7 year | Division | ||||||
(As of the conclusion of this | Jun. | 2010 | Senior Managing Director | Shares | |||
Ordinary General | Jun. | 2011 | Executive Vice President, Director | ||||
Shareholders' Meeting) | Jul. | 2014 | Director, Senior Executive Vice President, | ||||
2 | Attendance rate at board | Senior General Manager, Security Management Office | |||||
Jun. | 2015 | Retired from Director | |||||
meetings | |||||||
Feb. | 2017 Senior Executive Vice President, | ||||||
100% | |||||||
Chief Project Officer | |||||||
(13/13) | |||||||
Jun. | 2017 | Representative Director and President, | |||||
Chief Operating Officer (current post) | |||||||
Oct. | 2019 | Director, JGC JAPAN CORPORATION | |||||
(current post) | |||||||
[Reason for Nomination | as Director] | ||||||
Mr. Tadashi Ishizuka has served as the person in charge of large-scale overseas projects and as the Senior | |||||||
General Manager of the Project Operation Services Division where he gained abundant experience and | |||||||
knowledge in the area of project management. In addition, he served as Representative Director and | |||||||
President since 2017 making positive contributions to the management of the Company and the JGC | |||||||
Group. Based on this record of service, it is judged that he has the capacity to use his accumulated | |||||||
experience and knowledge to perform the duties of director and exercise decisive leadership in | |||||||
successfully promoting the Company's business and is nominated for election as a director. |
6
Name | Career Summary, Status, Responsibility or | Company | ||||||
(Date of Birth) | Significant Positions Concurrently Held | Shares Held | ||||||
Apr. 1981 Joined the Company | ||||||||
Aug. 2007 | General Manager, Compliance Administration | |||||||
Office, Legal & Compliance Office | ||||||||
Jul. | 2011 | General Manager, Corporate Administration | ||||||
Department, Corporate Administrative & | ||||||||
Financial Affairs Division | ||||||||
Jul. | 2014 | Executive Officer, General Manager, Corporate | ||||||
Administrative & Financial Affairs Division | ||||||||
Kiyotaka | Sep. 2016 Director, Executive Officer, Senior General | |||||||
Manager, Corporate Administrative & Financial | ||||||||
Terajima | Jun. | Affairs Division | ||||||
(March 3, 1959) | 2017 Director, Senior Executive officer, Senior General | |||||||
Manager, Corporate Administrative & Financial | ||||||||
R e a p p o i n t m e n t | ||||||||
Affairs Division | ||||||||
Term of office as a | Apr. 2018 Director, Executive Vice President, Chief | |||||||
Financial Officer, and Senior General Manager, | ||||||||
Director: | 31,516 | |||||||
Corporate Administrative & Financial Affairs | ||||||||
8 years | ||||||||
Division | Shares | |||||||
(As of the conclusion of | Apr. | |||||||
this Ordinary General | 2019 Director, Executive Vice President, Chief | |||||||
Shareholders' Meeting) | Financial Officer, Senior General Manager, | |||||||
3 | Corporate Administrative &Financial Affairs | |||||||
Attendance rate at board | Division and Senior General Manager, Legal | |||||||
meetings | &Compliance Office | |||||||
100% | Oct. | 2019 | Director, Executive Vice President, Chief | |||||
(13/13)) | Financial Officer and General Manager, Group | |||||||
Management Development Department | ||||||||
Apr. | 2020 | Director, Senior Executive Vice President, Chief | ||||||
Financial Officer(current post) | ||||||||
Apr. 2023 Representative Director, President, JGC Corporate | ||||||||
Solutions Co., Ltd. (current post) | ||||||||
[Significant Positions Concurrently Held] | ||||||||
Representative Director, President, JGC Corporate Solutions Co., | ||||||||
Ltd. |
[Reason for Nomination as Director]
Mr. Kiyotaka Terajima possesses abundant experience and knowledge built up through his service as the Senior General Manager of the Corporate Affairs Division, as well as in other positions. In addition, he served as Chief Financial Officer since 2018, further contributing to the progress of the Company and of the JGC Group. Based on this record of service, it is judged that he has the capacity to use his accumulated experience and knowledge to perform the duties of director and exercise decisive leadership in successfully promoting the Company's business and is nominated for election as a director.
Apr. 1985 Joined the Ministry of Trade and Industry | |||||||||
(currently Ministry of Economy, Trade and | |||||||||
Industry) | |||||||||
Oct. 2012 Director-General, Trade Control Department, | |||||||||
Masaki | Trade and Economic Cooperation Bureau | ||||||||
Jul. | 2013 | Deputy Director-General, Commerce and | |||||||
Ishikawa | Information Policy Bureau | 5,412 | |||||||
(August 7, | 1962) | Jul. 2015 Deputy Commissioner, Acquisition, Technology | Shares | ||||||
& Logistics Agency, Ministry of Defence | |||||||||
N e w | |||||||||
Jul. | 2017 | Director-General, Trade and Economic | |||||||
A p p | o i n t m e n t | ||||||||
Cooperation Bureau | |||||||||
4 | Nov. 2019 Advisor, Mitsui Sumitomo Insurance Co, Ltd | ||||||||
Apr. | 2021 | Executive Officer | |||||||
Apr. 2022 Senior Executive Officer | |||||||||
(current post) | |||||||||
[Reason for Nomination as Director] | |||||||||
Mr. Masaki Ishikawa has extensive experience and knowledge of industrial policy and economic | |||||||||
security, having served as Director General of the Trade and Economic Cooperation Bureau in the | |||||||||
Ministry of Economy, Trade and Industry and other important posts in Japanese Government. Since | |||||||||
joining the Company, he has also carried out his duties with his broad perspective and viewpoint that | |||||||||
captures domestic and international trends. Based on the above experience and knowledge, he has been | |||||||||
nominated as a candidate for the position of director because he is deemed capable of appropriately | |||||||||
performing his duties as a director who makes important decisions and supervises the execution of | |||||||||
business operations. |
7
Name | Career Summary, Status, Responsibility or | Company | |||||
(Date of Birth) | Significant Positions Concurrently Held | Shares Held | |||||
Apr. | 1983 | Joined the Company | |||||
Apr. | 2018 | Executive Officer, Senior General Manager, | |||||
Shoji Yamada | JGC Japan Planning Office and General Manager, | ||||||
Domestic Infrastructure Project Division, | |||||||
(January 23, 1960) | Infrastructure Division | ||||||
Jul. | 2018 | Executive Officer, | |||||
R e a p p o i n t m e n t | |||||||
Senior General Manager, JGC Japan Planning Office | |||||||
Term of office as a | |||||||
Director: | and General Manager, Domestic Infrastructure | ||||||
3 year | Project Division, Infrastructure Division and General | 24,087 | |||||
(As of the conclusion of | Apr. | 2019 | Manager, Sales Division. | ||||
this Ordinary General | Executive Officer Senior General Manager, | Shares | |||||
Shareholders' Meeting) | JGC Japan Planning Office and General Manager, | ||||||
Domestic Infrastructure Project Division. | |||||||
5 | Attendance rate at board | Oct. | 2019 | Representative Director, President, | |||
meetings | JGC JAPAN CORPORATION (current post) | ||||||
100% | Jun. | 2021 | Director (current post) | ||||
(13/13) | [Significant Positions Concurrently Held] | ||||||
Representative Director, President, JGC JAPAN | |||||||
CORPORATION | |||||||
[Reason for Nomination | as Director] | ||||||
Mr. Shoji Yamada, having served in the capacity of General Manager in Infrastructure Division and Sales | |||||||
Division, has abundant experience and knowledge in the fields of plant marketing. In addition, along with | |||||||
his position as Representative Director, President of JGC JAPAN CORPORATION as of October 2019 | |||||||
further contributing to the progress of the Company and of the JGC Group. Based on this record of | |||||||
service, it is judged that he has the capacity to use his accumulated experience and knowledge to perform the | |||||||
duties of director and exercise decisive leadership in successfully promoting the Company's business and is | |||||||
nominated for election as a director. |
8
Name | Career Summary, Status, Responsibility or | Company | |||||||||
(Date of Birth) | Significant Positions Concurrently Held | Shares Held | |||||||||
Candidate for | Apr. | 1974 Joined the Ministry of Foreign Affairs | |||||||||
Feb. | 1989 | Seconded to International Energy Agency | |||||||||
an Outside | Apr. | 2001 Director-General, Middle Eastern and African | |||||||||
Director | Affairs Bureau | ||||||||||
Shigeru Endo | Feb. | 2002 | Director-General, Consular and Migration | ||||||||
Affairs Department | |||||||||||
(October 16, 1948) | Aug. | 2003 | Ambassador to The Permanent Mission of | ||||||||
Japan to the United Nations and Other | |||||||||||
R e a p p o i n t m e n t | |||||||||||
International Organizations in Geneva and | |||||||||||
O u t s i d e | |||||||||||
I n | d e p e n d e | n t | Consul General, Consulate General of Japan in | ||||||||
Geneva | |||||||||||
Term of office as a | Mar. | 2007 | Ambassador extraordinary and plenipotentiary | ||||||||
Director: | to the Republic of Tunisia | 0 | |||||||||
11 years | Jul. | 2009 | Ambassador extraordinary and plenipotentiary | ||||||||
(As of the conclusion of | Oct. | 2012 | to Saudi Arabia | Share | |||||||
this Ordinary General | Retired from the Ministry of Foreign Affairs | ||||||||||
Shareholders' Meeting) | Jun. | 2013 | Outside Director, the Company (current post) | ||||||||
Attendance rate at board | Jun. | 2013 | Outside Director, IINO KAIUN KAISHA, | ||||||||
LTD. | |||||||||||
meetings | |||||||||||
6 | Apr. | 2014 | Special Assistant to the Minister for Foreign | ||||||||
100% | |||||||||||
Affairs | |||||||||||
(13/13) | |||||||||||
Dec | 2017 Special envoys for Expo 2025 Osaka, Kansai, | ||||||||||
Japan | |||||||||||
Jun. | 2018 | Outside Director, ADEKA Corporation | |||||||||
(current post) | |||||||||||
[Significant Positions Concurrently Held] | |||||||||||
Outside Director, ADEKA Corporation | |||||||||||
[Reason for Nomination | as Outside Director and Outline of Expected Role] | ||||||||||
Mr. Shigeru Endo does not have direct experience in company management, but he has served as the | |||||||||||
Ambassador Extraordinary and Plenipotentiary to Saudi Arabia and Tunisia and possesses unique | |||||||||||
experience and knowledge of the JGC Group's principal business market. He is nominated as an Outside |
Director because the Company believes that he will be able to appropriately perform his expected duties as an Outside Director and contribute to further increasing our corporate value, which includes providing accurate advice and opinions for the management and business of the Company and exerting a supervisory function from an independent standpoint, by making the most of the aforementioned experience and knowledge. He satisfies the requirements of an Independent Executive pursuant to the provision of the Tokyo Stock Exchange, the Company will continue to designate him as an Independent Executive and notify the said Stock Exchange to that effect.
9
Name | Career Summary, Status, Responsibility or | Company | |||||||||
Shares | |||||||||||
(Date of Birth) | Significant Positions Concurrently Held | ||||||||||
Held | |||||||||||
Candidate for | Apr. | 1968 | Joined Bank of Japan | ||||||||
an Outside | Jun. | 1998 Executive Director, in charge of the Bank's | |||||||||
Director | International Affairs | ||||||||||
Jun. | 2002 Senior Advisor, the Boston Consulting Group | ||||||||||
Masayuki | Feb. | 2005 | Senior Executive Advisor, Credit Suisse | ||||||||
Matsushima | Securities (Japan) Limited | ||||||||||
Jun. 2008 Chairman, Credit Suisse Securities (Japan) | |||||||||||
(June 15, 1945) | |||||||||||
Limited | |||||||||||
R e a p p o i n t m e n t | |||||||||||
May | 2011 Senior Advisor, the Boston Consulting Group | ||||||||||
O u t s i d e | |||||||||||
Jun. 2011 Outside Director, Mitsui Fudosan Co., Ltd. | |||||||||||
I n d e p e n d e n t | |||||||||||
Jun. | 2011 | Outside Director, Mitsui O.S.K. Lines, Ltd. | 0 | ||||||||
Term of office as a | Sep. 2014 Senior Advisor, Integral Corporation | Share | |||||||||
(current post) | |||||||||||
Director: | |||||||||||
Jun. 2016 Outside Director, the Company (current post) | |||||||||||
8 years | |||||||||||
Jul. | 2017 External Councillor, Grant Thornton Taiyo LLC | ||||||||||
(As of the conclusion of | |||||||||||
(current post) | |||||||||||
this Ordinary General | |||||||||||
7 | Shareholders' Meeting) | [Significant Positions Concurrently Held] | |||||||||
Attendance rate at board | Senior Advisor, Integral Corporation | ||||||||||
meetings | External Councillor, Grant Thornton Taiyo LLC | ||||||||||
100% | |||||||||||
(13/13) | |||||||||||
[Reason for Nomination | as Outside Director and Outline of Expected Role] | ||||||||||
Mr. Masayuki Matsushima has wide experience and knowledge in the fields of finance and corporate | |||||||||||
management, having served as Executive Director of Bank of Japan, and in other significant positions. | |||||||||||
He is nominated as an Outside Director because the Company believes that he will be able to | |||||||||||
appropriately perform his expected duties as an Outside Director and contribute to further increasing | |||||||||||
our corporate value, which includes providing accurate advice and opinions for the management and | |||||||||||
business of the Company and exerting a supervisory function from an independent standpoint, by | |||||||||||
making the most of the aforementioned experience and knowledge. He satisfies the requirements of an | |||||||||||
Independent Executive pursuant to the provision of the Tokyo Stock Exchange, the Company will | |||||||||||
continue to designate him as an Independent Executive and notify the said Stock Exchange to that | |||||||||||
effect. |
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JGC Holdings Corporation published this content on 26 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 May 2024 15:11:04 UTC.