Candidate No. 4
New External Independent
DOB: December 28, 1942
Number of shares owned: 4,000 shares
Special interests: None
1968 Registered as an attorney (Osaka Bar Association), Joined Tamura, Matsuda Law Office
1973 Established Yashiro, Saeki, Nishigaki Law Office (now, Kitahama Partners)
2002 Chairman, the Osaka Bar Association, Vice Chairman, Japan Federation of Bar Associations
2006 Director of Glory Ltd.
2009 External Audit & Supervisory Board Member of Fujitec Co., Ltd.
2010 External Director, IwaiCosmo Securities Co., Ltd. (now, Iwai Cosmo Holdings, Inc.) (Current)
2012 External Audit & Supervisory Board Member, WATABE WEDDING CORPORATION (Current)
2014 External Director of Fujitec Co., Ltd. (Current)
2016 External Audit & Supervisory Board Member, Toyo Tire & Rubber Co., Ltd. (now, Toyo Tire Corporation) (Current)
Significant Concurrent Posts:
Partner, Kitahama Partners
External Director of Fujitec Co., Ltd.
External Director, IwaiCosmo Holdings, Inc.
External Audit & Supervisory Board Member, WATABE WEDDING CORPORATION
External Audit & Supervisory Board Member of Toyo Tire Corporation (Scheduled to retire at the end of March 2020)
Reason for election at External Director
Terumichi Saeki has abundant experience not only as a lawyer in preventing and resolving legal disputes, but also through his experience in managing multiple companies as trustee. He also has a deep understanding of corporate governance and has abundant experience as an external director and external audit & supervisory board member for numerous companies, demonstrating appropriate supervision of each company’s management. For these reasons, we believe he will be able to provide beneficial supervision and recommendations from a legal and management perspective and have therefore nominated him as a candidate. Note that he is aware that if elected a Director of the Company, he will fundamentally be able to attend all Board of Directors meetings and his intention is to fulfill his duties as a Director of the Company.
Matters Concerning Independence
He satisfies the requirements for independent directors prescribed by the Tokyo Stock Exchange, Inc. and the “Independence standards for external directors” prescribed by the Company.