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| May14,2002 |
| Mitsubishi Rayon Co.,Ltd. |
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| Establishment of the Management Advisory
Committee |
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| On June 27, 2002, Mitsubishi Rayon (code # 3404,
TSE Sec.1, Head office: Minato-ku, Tokyo, President: Yoshiyuki
Sumeragi) will establish a standing Management Advisory Committee.
This Committee will be charged with improving the fairness and
transparency of Company management as well as strengthening
the quality of Mitsubishi Rayon’s overall corporate governance. |
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1. Overview of the Management Advisory Committee
(1) Members
The Committee will consist of five members:
the Mitsubishi Rayon Chairman, the Corporate Auditor and Advisor,
and two respected experts from outside the Companies.
(2) Functions
The Committee will focus heavily on compliance
and shareholder concerns as they apply to Mitsubishi Rayon Group
management practices. It will also employ its outsider status
to provide the Mitsubishi Rayon President with suggestions and
advice on the following:
1. Medium- to long-term management goals for the Group as a
whole
2. Company presidential candidates or successors
3. Appropriate remuneration for the Company President
(3) Scope of Authority
While the Committee has no binding
powers, the President is expected to carefully consider Committee
recommendations when deciding on a course of action
(4) Dates Convened
The Committee will meet a minimum of
three times annually (in March, May, and November), with additional
meetings held as necessary
(5) Length of Appointment
Committee appointments are for
one year, with possible reappointment |
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2. Current Committee Membership (present post)
Chairman:
Eiichi Taguchi (Chairman, Mitsubishi Rayon)
Hiromichi Seya (Chairman, Asahi Glass Co., Ltd.)
Hiroyuki
Itami (Professor, Hitotsubashi Univ.)
Masaaki Aoki (Corporate
Auditor, Mitsubishi Rayon)
Yataro Nagai (Corporate Advisor,
Mitsubishi Rayon) |
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Reference:
1. Brief history
of Mr. Hiromichi Seya (as of May 14, 2002) |
| Name and Date of Birth |
October 7, 1930
Resident
of Tokyo |
| Academic Background |
| MAR 1954 |
Graduated from Department
of Applied Chemistry, School of Engineering,
the University of Tokyo |
| Career History |
| APR 1954 |
Entered Asahi Glass Company,
Ltd. |
| MAR 1982 |
General Manager of Chemical
Product Department |
| MAR 1985 |
Director & General
Manager of Chemical Product Department |
| MAR 1987 |
Managing Director &
Head of Chemical Product Headquarters |
| MAR 1988 |
Senior Managing Director |
| MAR 1990 |
Deputy President |
| APR 1992 |
President |
| JUN 1998 |
Chairman |
| Award |
Commandeur de l'Ordre de la Couronne
from Kingdom of Belgium |
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| 2. Brief History of Mr. Hiroyuki Itami
(as of May 14, 2002) |
| Name and Year of Birth |
1945 (Aichi Prefecture) |
| Academic Background |
| MAR 1967 |
Graduated from Faculty of Commerce
and Management, Hitotsubashi University |
| MAR 1969 |
MA, Graduate school of Commerce
and Management, Hitotsubashi University |
| AUG 1972 |
Ph.D., Graduate school of Industrial
Administration, Carnegie Mellon University |
| Career History |
| APR 1973 |
Full-time lecturer at Faculty
of Commerce and Management, Hitotsubashi University |
| SEP 1975 - AUG 1976 |
Visiting Assistant Professor
at Graduate School of Business, Stanford University |
| APR 1977 |
Assistant Professor at Faculty of Commerce
and Management, Hitotsubashi University |
| SEP 1982 - AUG 1983 |
Visiting Associate Professor at Graduate
School of Business, Stanford University |
| APR 1984 |
Professor at Faculty of Commerce and Management,
Hitotsubashi University |
| Research Field |
Corporate Strategies, Industrial Economics |
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