Governance structure
Transition to a company with an audit and supervisory committee is plannedThe company auditors and the board of company auditors will be abolished, and an Audit and Supervisory Committee will be established. The upper limit on the number of directors will be changed from 13 to 14, and the Articles of Incorporation will provide for no more than 5 directors who are audit and supervisory committee members. Directors will be elected separately as audit and supervisory committee members and other directors. The term of office will be 1 year for directors other than audit and supervisory committee members and 2 years for directors who are audit and supervisory committee members. The scope of candidates from whom the representative director and president may be selected will be expanded, important business execution decisions may be delegated to directors, and provisions concerning executive officers will be newly established. The Board of Directors will be permitted to decide on dividends from retained earnings and other matters.
| Item | Details |
|---|---|
| Corporate Governance Structure | Transition to a company with an audit and supervisory committee is planned |
| Number of directors | No more than 14 directors, including no more than 5 directors who are audit and supervisory committee members |
| Committee | Audit and Supervisory Committee. The proportion of outside committee members is not disclosed. |
| Changes this time | The company auditors and the board of company auditors will be abolished, and an Audit and Supervisory Committee will be established. The upper limit on the number of directors will be changed from 13 to 14, and the Articles of Incorporation will provide for no more than 5 directors who are audit and supervisory committee members. Directors will be elected separately as audit and supervisory committee members and other directors. The term of office will be 1 year for directors other than audit and supervisory committee members and 2 years for directors who are audit and supervisory committee members. The scope of candidates from whom the representative director and president may be selected will be expanded, important business execution decisions may be delegated to directors, and provisions concerning executive officers will be newly established. The Board of Directors will be permitted to decide on dividends from retained earnings and other matters. |
Items this document does not state (4)
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 accelerate decision-making and business execution through the delegation of authority, enhance discussions on management policies and strategies by the Board of Directors, strengthen the Board of Directors' supervisory function, further strengthen corporate governance, and enhance corporate value.