V-Technology Announces Establishment of the Nomination and Compensation Committee
February 26, 2021 at 11:30 am IST
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V-Technology announced that its Board of Directors has resolved to establish a Nomination and Compensation Committee as a voluntary advisory committee to the Board of Directors. The Company has decided to establish the Committee as an advisory committee to the Board of Directors in order to strengthen the independence and objectivity of the Board of Directors' functions related to the nomination and compensation of directors and to further enhance corporate governance. In response to the advice of the Board of Directors, the Committee shall mainly deliberate on matters related to the election and dismissal of Directors, policies and procedures related to Directors' remuneration, the content and system design of Directors' remuneration, and other matters deemed necessary by the Board of Directors, and shall report to or make decisions for the Board of Directors. 3. The Committee shall consist of at least three (3) members who are directors selected by resolution of the Board of Directors, and at least a majority of them shall be independent outside directors. Date of establishment is February 26, 2021.
V Technology Co., Ltd. is a manufacturing company. The Company is mainly engaged in the development, design, manufacture and sale of inspection systems, repair systems and measuring systems used for the manufacture of flat panel display (FPD), such as liquid crystal display (LCD) and plasma display panel (PDP). Through its subsidiaries, the Company is also engaged in the provision of product sales support service and maintenance service, as well as the sale of consumable parts. As of March 31, 2014, the Company had three subsidiaries and one associated company.