Notice Regarding Establishment of Nomination Committee

28 Nov 2018

TOKYO, Japan― Renesas Electronics Corporation (TSE: 6723), a premier supplier of advanced semiconductor solutions, today announced that it has resolved at the Meeting of Board of Directors held on November 28, 2018 to establish the Nomination Committee as a voluntary advisory body reporting to the company’s Board of Directors.

1. Purpose of Establishment

The Nomination Committee is established as a voluntary advisory body reporting to the Board of Directors with the aim to increase accountability to stakeholders and to further validate corporate governance by ensuring objectivity and transparency when deliberating on the nomination or dismissal of internal and external directors and corporate auditors, etc.

2. Roles of Nomination Committee

In accordance with the consultation with the Board of Directors, the Nominating Committee will deliberate on matters related to the appointment or dismissal of internal and external directors and corporate auditors, as well as matters concerning the CEO succession plan, and will report these details to the Board of Directors.

3. Committee Members

Committee Chairman
Jiro Iwasaki (Outside Director of Renesas Electronics Corporation)
Committee Member
Tetsuya Tsurumaru (Representative Director, Chairman of Renesas Electronics Corporation),
Committee Member
Tetsuro Toyoda (Outside Director of Renesas Electronics Corporation)

The Nomination Committee consists of three members selected by resolution of the Board of Directors, with the majority being outside directors.

4. Date of Establishment

November 28, 2018

About Renesas Electronics Corporation

Renesas Electronics Corporation (TSE: 6723) delivers trusted embedded design innovation with complete semiconductor solutions that enable billions of connected, intelligent devices to enhance the way people work and live—securely and safely. A global leader in microcontrollers, analog, power, SoC products and integrated platforms, Renesas provides the expertise, quality, and comprehensive solutions for a broad range of Automotive, Industrial, Home Electronics, Office Automation and Information Communication Technology applications to help shape a limitless future. Learn more at renesas.com.


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