Inabata & Co.,Ltd. Announces Changes to Its Independent Committee
June 23, 2020 at 03:30 am
Share
Inabata & Co.,Ltd. announced that Shinji Morimoto, who was one of the three members of the Independent Committee, established under the policy on the handling of large-scale purchases of shares of the company (takeover defense measure), retired from the committee. As he resigned as outside audit & supervisory board member due to the expiry of his term of office at the conclusion of the Ordinary General Meeting of Shareholders held on June 23, 2020. Accordingly, at a meeting of the board of directors held after the general meeting of shareholders, it was resolved to appoint Satoshi Tamai, who was elected as outside audit & supervisory board member to replace Shinji Morimoto at the general meeting of shareholders, as a new member of the Independent Committee. The term of office of Satoshi Tamai will expire at the same time as that of the other two members of the Independent Committee, namely at the conclusion of the first board of directors meeting to be held by July 31, 2022 after the 161th Ordinary General Meeting of Shareholders, to be held in June 2022.
Inabata & Co., Ltd. is a Japan-based company that sells information and electronics, chemicals and other products. It operates in five business segments. The Information and Electronics segment provides semiconductors and liquid crystal materials, machinery equipment, ink for copiers and printers, as well as materials for electronics industry. The Chemical segment offers raw materials of automobile components, resins and gum, paintings and inks, paper manufacturing chemicals. The Living Industry segment sells intermediates for medical and agricultural chemicals, fine chemicals, raw materials of pesticide and toiletries, functional food, marine products, agricultural products, and starches. The Synthetic Resin segment provides general-purpose resins and engineering plastic. The Housing Environment segment sells wood, bonded wood, wood construction materials, housing equipment and housing-related materials.