Nidec: Additional Information to the Notice of the 47th Regular General Meeting of Shareholders
2020-06-06
Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the “Company”) today announced that it has confirmed the English report issued by Institutional Shareholder Services Inc. (“ISS”) and Glass Lewis & Co., LLC (Glass Lewis), both proxy-advisory firms, recommending opposing to the election of Ms. Aya Yamada and Ms. Junko Watanabe, whom Nidec Corporation (the “Company”) is requesting to be appointed to respectively serve as an outside member of the Board of Directors who is an Audit and Supervisory Committee Member, and as a substitute outside member of the Board of Directors who is an Audit and Supervisory Committee Member based on Bills No. 3-4 and No. 4 of the Company’s 47th Regular General Meeting of Shareholders that is scheduled to be held on Wednesday, June 17, 2020.