Nintendo comments on Illumination CEO Chris Meledandri becoming an outside director
Earlier today, we heard that Chris Meledandri will be selected as an outside director at Nintendo. Nintendo elaborated on the move during its financial results call.
Nintendo explained that Meledandri “will appropriately supervise our companyʼs management from an objective perspective, while providing valuable advice to our organization, based on his broad experience and insight gained as a leader in the field of entertainment.” Also mentioned, “We believe that the addition of Mr. Meledandri will help to ensure our balance of diversity, including global perspective, knowledge, and experience, further enhancing the effectiveness of our Board of Directors.”
Here’s the full bit on Meledandri’s role at Nintendo:
And to end with, we would like to announce a candidate for the nomination as a new Outside Director.
We plan to nominate Mr. Chris Meledandri as a new candidate for an Outside Director at the 81st Annual General Meeting of Shareholders to be held this coming June.
Mr. Meledandri, the founder of Illumination Entertainment, has extensive experience as a film producer. We would like to nominate him as a new Outside Director with the expectation that he will appropriately supervise our companyʼs management from an objective perspective, while providing valuable advice to our organization, based on his broad experience and insight gained as a leader in the field of entertainment.
Our current group of Outside Directors consists of experts such as lawyers and accountants, and as members of the Audit and Supervisory Committee, they contribute to enriching the audit and supervisory system of our company through their broad insight into our corporate management. However, Mr. Meledandri is expected to be nominated as an Outside Director who will not serve as a member of the Audit and Supervisory Committee.
We believe that the addition of Mr. Meledandri will help to ensure our balance of diversity, including global perspective, knowledge, and experience, further enhancing the effectiveness of our Board of Directors.
