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Japan's Wacoal to appoint new audit & supervisory board member

07 Mar '25
2 min read
Japan's Wacoal to appoint new audit & supervisory board member
Pic: Wacoal Holdings

Insights

  • Wacoal Holdings Corp. has announced that Harunobu Shiho will be appointed as a new audit & supervisory board member (outside auditor) at the June 2025 shareholder meeting, replacing Mitsuhiro Hamamoto, who will retire.
  • Shiho, a legal expert with experience in corporate governance and risk management, is expected to strengthen the company's auditing system.
Wacoal Holdings Corp. has announced that the company has informally decided to make a few personnel changes as of the date of the ordinary general meeting of shareholders to be held in June 2025. The decision on officers as of the date of the general meeting to be held in June 2025 will become official subject to the resolution of the meeting and the board of directors meeting to be held thereafter.

At the meeting to be held on June 25, 2025, Harunobu Shiho will be appointed as the new audit & supervisory board member (outside auditor), with his appointment coming from outside Wacoal. Shiho is also a candidate for outside auditor and independent officer. On the same day, Mitsuhiro Hamamoto will retire from his position as an audit & supervisory board member (outside auditor), the company said in a press release.

At the company, outside auditors maintain a high degree of independence while at the same time conducting rigorous audits of the legality of the directors' decision-making and business execution from a professional perspective. Shiho is a legal expert with ample experience and a proven track record as an attorney. In addition, based on his deep insight into corporate governance, risk management, compliance, etc., and his experience as an outside director at other companies, the company believes that he will be able to provide useful advice and recommendations to further strengthen the company's auditing system, and has therefore selected him as a candidate for new outside audit & supervisory board member.

ALCHEMPro News Desk (RR)

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