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Governance2222Kotobuki Spirits Co.,Ltd.Food

Notice Regarding Partial Amendments to the Articles of Incorporation

The Articles of Incorporation will be amended to introduce provisions allowing decisions on dividends of surplus and other matters to be made by resolution of the Board of Directors. The overlapping provisions concerning the acquisition of treasury shares and dividends, as well as supplementary provisions that are no longer necessary after 10 years have elapsed since the transition to a company with an Audit & Supervisory Committee, will be deleted.

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Governance structure

Company with an Audit and Supervisory Committee
Changes this time

New Articles 29 and 30 will allow dividends of surplus and other matters to be determined by resolution of the Board of Directors. Current Articles 7, 30 and 31, as well as the supplementary provisions concerning exemptions from liability for Audit & Supervisory Board Members, will be deleted.

Governance structure
ItemDetails
Corporate Governance StructureCompany with an Audit and Supervisory Committee
Changes this timeNew Articles 29 and 30 will allow dividends of surplus and other matters to be determined by resolution of the Board of Directors. Current Articles 7, 30 and 31, as well as the supplementary provisions concerning exemptions from liability for Audit & Supervisory Board Members, will be deleted.
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 implement capital and dividend policies more flexibly. In addition, 10 years have elapsed since the transition to a company with an Audit & Supervisory Committee, and the need for exemptions from liability and other measures under the supplementary provisions has ceased.

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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 | Kotobuki Spirits Co.,Ltd. (2222) timely disclosure | Komori