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Governance1826Sata Construction Co.,Ltd.Construction and Materials

Notice Concerning Partial Amendments to the Articles of Incorporation

A proposal will be submitted to the General Meeting of Shareholders to amend the Articles of Incorporation and reduce the maximum number of directors who are not Audit & Supervisory Committee Members from 12 to 9. The maximum number of directors who are Audit & Supervisory Committee Members will remain unchanged at 4.

Worth reading
78Important
Scored from 2 of 5 sections
Direction
Improvement
Direction inferred from the company’s description.
Scale
3
Number of directors (reduction in maximum)
Wording
Definitive
How definitive the wording is.

Governance structure

Company with an Audit and Supervisory Committee
Number of directorsNo more than 9 directors who are not Audit & Supervisory Committee Members (before the change: no more than 12), and no more than 4 directors who are Audit & Supervisory Committee Members
Changes this time

The maximum number of directors who are not Audit & Supervisory Committee Members will change from no more than 12 to no more than 9. The maximum number of directors who are Audit & Supervisory Committee Members will remain unchanged at no more than 4.

Governance structure
ItemDetails
Corporate Governance StructureCompany with an Audit and Supervisory Committee
Number of directorsNo more than 9 directors who are not Audit & Supervisory Committee Members (before the change: no more than 12), and no more than 4 directors who are Audit & Supervisory Committee Members
Changes this timeThe maximum number of directors who are not Audit & Supervisory Committee Members will change from no more than 12 to no more than 9. The maximum number of directors who are Audit & Supervisory Committee Members will remain unchanged at no more than 4.
Items this document does not state (5)
Number 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.

The Company will review the composition and size of the Board of Directors to enhance the effectiveness of its oversight function and decision-making processes, with a view to increasing corporate value over the medium to long term.

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 Concerning Partial Amendments to the Articles of Incorporation | Sata Construction Co.,Ltd. (1826) timely disclosure | Komori