Reason for Nomination and Expected Role of Directors

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As of June 2021

Kinya Seto

Director

Mr. Seto, using his abundant experience and broad knowledge as a manager of numerous companies, leverages his strong leadership to oversee the execution of important business for LIXIL and its group companies, and is working on the development of LIXIL’s corporate governance system. While fulfilling his duty of explanation to the Board of Directors as Representative Executive Officer, President, and Chief Executive Officer from his position overseeing the business operations of the Company, he has contributed to the improvement of the effectiveness of the Board of Directors by participating in important decision-making processes as Director. He is expected to fulfill the role of connecting the Board of Directors with the executive side.

Sachio Matsumoto

Director

As Representative Executive Officer and Executive Vice President in charge of Accounting, Finance, and M&A, Mr. Matsumoto is responsible, in addition to supervising the financial affairs of LIXIL and its group companies (“the LIXIL Group") in its entirety, for policy formulation of the LIXIL group such as M&A plans, financial strategies, etc. Mr. Matsumoto also has abundant experience and knowledge in the main divisions of LIXIL, such as through the promotion of various measures concerning the strengthening of governance and improvement of business efficiency in the areas of his responsibility. He is expected to continue to fulfill the role, as Chief Financial Officer, of connecting the Board of Directors with the executive side and holding highly effective discussions at the Board of Directors meetings on important issues such as financial strategies and M&A plans.

Jin Song Montesano

Director

Jin Song Montesano has abundant experience and knowledge in the main areas of LIXIL and its group companies, such as supervising communication and engagements with both internal and external stakeholders as Executive Officer and Executive Vice President in charge of Human Resources and General Affairs, Public Affairs, Investor Relations, External Affairs, and Corporate Responsibility, as well as leading the implementation of corporate-wide personnel measures including employee-focused initiatives "Kawaranaito LIXIL", etc. She is expected to continue to fulfil the role as Chief People Officer, connecting the Board of Directors with the executive side, and strengthening collaboration between the Board of Directors and the executive side in promoting various personnel measures and improving the supervisory function of the Board of Directors.

Tamio Uchibori

Outside Director

As director and senior managing executive officer at MinebeaMitsumi, Mr. Uchibori has a wealth of knowledge and experience in the management of global manufacturers such as being responsible for the key corporate planning and M&A strategies of the company. In addition, he has expertise as a licensed tax accountant in accounting and tax affairs. Since assuming the position of Director of LIXIL in June 2019, he has contributed to the discovery of issues and understanding of risks, etc., utilizing his expertise concerning accounting and tax affairs, in particularly the Audit Committee. Since June 2020, he has served as a member of the Compensation Committee and the Governance Committee, and has contributed to the improvement of the supervisory function through active remarks and activities at each committee. As Outside Director of the Company, he is expected to contribute to the improvement of the effectiveness of the Board of Directors and the committees.

Shiho Konno

Outside Director

Ms. Konno has a long career as a lawyer, an expert in law. In addition, she has deep knowledge of corporate governance and diversity gained through law practice. Although she has no direct experience in corporate business execution, based on her experience as outside directors of a number of listed companies, as well as her deep knowledge of corporate governance and diversity gained through law practice, the Company believes that she can perform her duties as Outside Director of the Company. As Outside Director, she is expected to contribute to the improvement of the effectiveness of the Board of Directors and the committees.

Teruo Suzuki

Outside Director

Mr. Suzuki has a high level of expertise in financial accounting, having been engaged in working on the audits of listed companies for many years at major auditing firms. Since assuming the position of Director of LIXIL in June 2019, he has contributed to the improvement of the effectiveness of the Board of Directors, etc., specifically in the Audit Committee with advice, etc., utilizing his experience and knowledge in accounting audit and financial accounting. Since June 2020, as Chairperson of the Audit Committee, he has led various initiatives to ensure the effectiveness of audits conducted by LIXIL and its group companies, even in the context of the spread of the COVID-19. As an Outside Director of the Company, he is expected to contribute to the improvement of the effectiveness of the Board of Directors and the committees.

Yuji Nishiura

Outside Director

Mr. Nishiura is a management professional who has engaged in the management of several corporations and been involved in a number of corporate restructuring matters. He has a wealth of knowledge and experience related to corporate governance reform at companies facing challenging situations. Since assuming the position of Director of LIXIL in June 2019, as Director, he has contributed to the improvement of the effectiveness of the Board of Directors, and as Chairperson of the Nomination Committee, he has actively conducted meetings with the executive management team, including Executive Officers, in order to realize an open Nomination Committee. He has also led the clarification of the Nomination Committee’s authority and the planning and promotion of a highly transparent process for determining director and executive officer candidates. Since June 2020, he has continued to serve as Chairperson of the Nomination Committee, and has led the development of the CEO succession plan to further enhance transparency of the corporate governance of the Company. As Outside Director of the Company, he is expected to contribute to the improvement of the effectiveness of the Board of Directors and the committees.

Daisuke Hamaguchi

Outside Director

Mr. Hamaguchi is an expert of corporate governance, having served as Management Execution Director of the Pension Fund Association for several years, as well as a member of, among others, "The Companies Act Subcommittee, Legislative Council" and "The Corporate Governance System Study Group." Since assuming the position of Director of LIXIL in June 2019, he has contributed to the improvement of the effectiveness of the Board of Directors, such as by utilizing his own experience and reflecting the perspectives of stakeholders such as shareholders, etc., at the Board of Directors Meetings. As Chairperson of the Compensation Committee, he has led the reformation of the Company’s Directors compensation system through exchange of opinions, etc., with the Executive Officers. Since June 2020, he has newly served as a member of the Nomination Committee and the Governance Committee, and has contributed to the improvement of the supervisory function through active remarks and activities at each committee. As Outside Director of the Company, he is expected to contribute to the improvement of the effectiveness of the Board of Directors and the committees.

Masatoshi Matsuzaki

Outside Director

At Konica Minolta, Inc., Mr. Matsuzaki has been engaged in the development of global business and management of a listed company for many years, serving in roles such as Director, Chief Executive Officer and President, and Chairperson of the Board of Directors. In addition, he has deep knowledge concerning corporate governance, serving as Chairperson of the "Committee on the state of boards of directors" of Japan Association of Corporate Directors, etc. Since assuming the position of Director of LIXIL in June 2019, leading the Board of Directors as Chairperson, he improved the effectiveness of the Board of Directors and has been contributing to the improvement of the Company’s corporate governance utilizing his experience and knowledge. Since June 2020, he has continued to serve as Chairperson of the Board of Directors, and has taken the lead in building a system to maintain a sufficient supervisory function as the Board of Directors even in a business environment in which the Company is required to deal with serious risks such as the spread of the COVID-19 by addressing priority issues recognized through the evaluation of the effectiveness of the Board of Directors. As Outside Director of the Company, he is expected to contribute to the improvement of the effectiveness of the Board of Directors and the committees.

Mariko Watahiki

Outside Director

Ms. Watahiki has a long career as a judge and has been involved in resolving many civil cases, including corporate legal affairs and labor issues. In addition, she has has a track record of being involved in organizational management, including thorough compliance and governance, personnel management and human resource development, and crisis management by serving as the chief judge of several high courts. Although she has no direct experience in corporate business execution, based on her experience in handling many cases as a judge and operating an organization as the chief judge of high courts, the Company believes that she can perform her duties as Outside Director of the Company. As Outside Director, she is expected to contribute to the improvement of the effectiveness of the Board of Directors and the committees.

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