An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, Email Us to receive support.
Mitsubishi Electric Corporation has received an interim report from an external Investigative Committee regarding improper quality control practices. The Nomination Committee conducted a meeting on May 25, 2022, to finalize candidates for Directors to be proposed at the Ordinary General Meeting of Shareholders scheduled for June 29, 2022. New candidates include Tatsuro Kosaka and Hiroyuki Yanagi, adding to a list of seasoned professionals. This move follows a comprehensive investigation and reassessment of the company's leadership.
Positive
Appointment of new candidates for Directors, indicating a proactive approach to governance.
Experienced board members proposed, enhancing corporate oversight.
Negative
Ongoing investigation into quality control practices may risk shareholder confidence.
Potential reputational damage due to improper quality control issues.
TOKYO--(BUSINESS WIRE)--
Mitsubishi Electric Corporation (TOKYO Prime Market: 6503) announces that it has received the interim report on the results of the company-wide investigation and assessment on improper quality control practices by an Investigative Committee of external experts, and that in response, a meeting of the Nomination Committee was held on May 25, 2022 and the candidates for Directors were determined as listed below to be proposed at the Ordinary General Meeting of Shareholders to be held on June 29, 2022.
At the meeting of the Nomination Committee held on March 31, 2022, candidates for Directors who are Directors and Executive Officers of the Company (including those who retired on March 31, 2022) were determined as tentative candidates. Based on the report by the Investigative Committee received today, the Company has once again confirmed these candidates for Directors.
1. Director Candidates (current positions)
Mitoji Yabunaka [Director]
Hiroshi Obayashi [Director (Attorney-at-law, Obayashi Law Office)]
Kazunori Watanabe [Director (Certified Public Account, Tax Accountant, Kazunori Watanabe Certified Public Accountant & Tax Accountant Office)]
Hiroko Koide [Director]
Takashi Oyamada [Director (Senior Advisor, MUFG Bank, Ltd.)]
Tatsuro Kosaka [Senior Advisor, Chugai Pharmaceutical Co., Ltd.] -new candidate-
Hiroyuki Yanagi [Adviser, Yamaha Motor Co., Ltd.] -new candidate-
Kei Uruma [Director, Representative Executive Officer, President & CEO]
Tadashi Kawagoishi [Director]
Kuniaki Masuda [Director, Executive Officer CFO (Accounting and Finance), CHRO (General Affairs and Human Resources)]
Jun Nagasawa [Senior Advisor] -new candidate-
