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Governance156AMaterial Group Inc.Information and Communications, Services and Others

Notice Regarding Partial Amendments to the Articles of Incorporation

The restriction in the Articles of Incorporation requiring exactly 1 Representative Director will be removed, allowing the Board of Directors to determine the number of Representative Directors as necessary. The change is subject to approval at the General Meeting of Shareholders.

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Wording
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Governance structure

Company with an Audit and Supervisory Committee
Changes this time

The provision in Article 20, Paragraph 1 of the current Articles of Incorporation stipulating 1 Representative Director will be deleted. Under the proposed amendment, Representative Directors will be selected by resolution of the Board of Directors.

Governance structure
ItemDetails
Corporate Governance StructureCompany with an Audit and Supervisory Committee
Changes this timeThe provision in Article 20, Paragraph 1 of the current Articles of Incorporation stipulating 1 Representative Director will be deleted. Under the proposed amendment, Representative Directors will be selected by resolution of the Board of Directors.
Items this document does not state (6)
Number of directorsNumber of independent officersCommitteePolicy on cross-shareholdingsTakeover defensesControlling shareholder

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

To expedite management decision-making and strengthen the execution framework, while enabling the management structure to be established flexibly in response to changes in the operating environment.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Notice Regarding Partial Amendments to the Articles of Incorporation | Material Group Inc. (156A) timely disclosure | Komori