Monex Group, Inc. today announced that the Nominating Committee of the company has decided to propose the appointment of several candidates to the Board of Directors at the 20th Annual General Meeting of Shareholders scheduled to be held in June 2024.
While the company feels it is premature to replace current directors who are familiar with its operations, given the significant changes in its operating environment and increasing difficulties in management decision making, it also believe that the appropriate influx of new perspectives to respond to these changes is needed.
Considering the skill matrix of current directors, the company decided that it was necessary to appoint new directors who have technology and financial knowledge, innovation insight, expertise in human capital, diversity, and other aspects of sustainability, and global experience.
Furthermore, the Board of Directors and Nominating Committee conducted several comprehensive assessments of the current board structure and confirmed that the current directors have actively attended and participated in board meetings and their respective committee meetings.
As a result, the Company’s Nominating Committee has decided to keep the number of outside directors seven while maintaining the current four inside directors, bringing the total to 11.
The Company’s Nominating Committee has resolved to submit a board member candidate election proposal to reappoint eight current directors and appoint three new directors at the 20th Annual General Meeting of Shareholders scheduled to be held in June 2024.
The following new appointments are proposed:
- Sachiko Habu, Independent and Outside Director, Member of the Board
- Rami Suzuki, Independent and Outside Director, Member of the Board
- Ryoko Shimokawa, Independent and Outside Director, Member of the Board
The reappointment of the following directors is proposed:
- Oki Matsumoto
- Yuko Seimei
- Takashi Oyagi
- Naofumi Yamada
- Jun Makihara
- Nobuo Domae
- Masaaki Koizumi
- Ungyong Shu.
