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Abolishment of the Senior Executive Advisor (Sodanyaku) and Advisor (Komon) System
Fujitsu Limited
Tokyo, March 29, 2018
Fujitsu Limited today announced a resolution made at its Board of Directors Meeting held today to abolish its senior executive advisor (Sodanyaku) and advisor (Komon) system, effective March 31, 2018, in order to clarify management responsibilities and strengthen corporate governance. This system had been formulated as a way to treat retiring officers (presidents, chairmen and other corporate executive officers).
Fujitsu will enter into commission contracts with retiring officers, who will be known as "senior advisors" or "senior fellows," on an individual basis and subject to a resolution of the Board of Directors, in cases where such treatment of retiring officers is indispensable as they are to be appointed as an officer of an unaffiliated organization, or where the individual's expertise in specific fields is particularly useful for Fujitsu's business operations.
About Fujitsu
Fujitsu is the leading Japanese information and communication technology (ICT) company offering a full range of technology products, solutions and services. Approximately 155,000 Fujitsu people support customers in more than 100 countries. We use our experience and the power of ICT to shape the future of society with our customers. Fujitsu Limited (TSE: 6702) reported consolidated revenues of 4.5 trillion yen (US$40 billion) for the fiscal year ended March 31, 2017. For more information, please see http://www.fujitsu.com.
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Company:Fujitsu Limited
Date: 29 March, 2018
City: Tokyo
Company:
Fujitsu Limited
