Ibiden commits to corporate governance, slashes cross-shareholdings target

Ibiden Co., Ltd. (TSE: 4062) announced a series of measures designed to strengthen its corporate governance structure. The company aims to reduce cross-shareholdings by more than 50% on a market value basis by the end of FY2023 (March 31, 2024) as part of its "Moving on to our New Stage 115 Plan." Ibiden also is working toward increasing the ratio of female employees in managerial positions to over 3% by FY2027, with a longer-term goal of at least 30% female board representation. Six out of 12 current Board positions are held by independent Outside Directors. Ibiden’s Board has established a Nomination/Remuneration Committee, the majority of which are Independent Directors, and is chaired by an Outside Director who is not a member of the Audit and Supervisory Committee. The company is dedicated to constructive dialogue with shareholders, providing timely disclosures in both Japanese and English.