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    6724   JP3414750004


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Seiko Epson : Epson Partially Amends Corporate Governance Policy

10/01/2021 | 03:32am EST

News Release

- TOKYO, Japan, October 1, 2021 -

Seiko Epson Corporation (TSE: 6724, "Epson") announced that its Board of Directors, at a meeting held on September 30, approved amendments to the Corporate Governance Policy, a statement of the basic principles and framework for corporate governance within Epson.

Epson, which established the policy in September 2015, strives to continuously enhance and strengthen corporate governance so as to realize transparent, fair, fast, and decisive decision-making to achieve the goals declared in its Management Philosophy, promote sustainable growth, and increase corporate value over the medium and long terms.

Epson recently decided to partially amend the policy after analyzing its compliance with the spirit and content of Japan's revised Corporate Governance Code.
See the amended Corporate Governance Policy at the link below.

  • Article 11, "Ensuring Workforce Diversity," was amended to help ensure the diversity of core human resources.
  • Article 13, "Asset management and management of corporate pensions, "was newly established to enable appropriate monitoring and supervision of corporate pensions.
  • Article 15, "Establishing and Disclosing Business Plans," was amended to clarify the thinking with regard to the business portfolio and Article 14,"Appropriate Information Disclosure and Dialogue" and former Article 30 "Dialogue with Shareholders" were reorganized and integrated with regard to dialogue with shareholders.
  • Article 16, "The Role of the Board of Directors," was amended to better enable the Board of Directors to effectively discharge its functions.
  • Article 23, "Director Nomination Committee and Director Compensation Committee," was amended to clarify the independence, authority, and role of the Director Nomination Committee and Director Compensation Committee.

* Refer to attachment for further details. Amendments have been underlined.

To achieve its aim of realizing effective corporate governance that reflects prevailing social imperatives and the operating environment, Epson will review this policy, and amend it as necessary, on an annual basis.

Attachment : Details of main amendments to the Corporate Governance Policy (295KB)

About Epson
Epson is a global technology leader dedicated to co-creating sustainability and enriching communities by leveraging its efficient, compact, and precision technologies and digital technologies to connect people, things, and information. The company is focused on solving societal issues through innovations in home and office printing, commercial and industrial printing, manufacturing, visual and lifestyle. Epson will become carbon negative and eliminate use of exhaustible underground resources such as oil and metal by 2050.
Led by the Japan-based Seiko Epson Corporation, the worldwide Epson Group generates annual sales of around JPY 1 trillion.


Seiko Epson Corporation published this content on 01 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 October 2021 07:31:02 UTC.

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