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Governance4936AXXZIA Inc.Materials and Chemicals

Notice Concerning the Introduction of a Mandate-Based Executive Officer System

The existing employment-based executive officer system will be abolished and replaced by a delegated executive officer system. An Executive Officer Council will also be established to create a structure that separates oversight by the Board of Directors from business execution.

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Governance structure

Committee1
Nomination Committee
Changes this time

The existing employment-based executive officer system will be abolished and a delegated executive officer system introduced. An Executive Officer Council will be established.

Governance structure
ItemDetails
CommitteeNomination Committee (proportion of outside members: Not disclosed)
Changes this timeThe existing employment-based executive officer system will be abolished and a delegated executive officer system introduced. An Executive Officer Council will be established.
Items this document does not state (6)
Corporate Governance StructureNumber of directorsNumber of independent officersPolicy 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 clearly separate management decision-making and oversight functions from business execution, clarify the independence of executive officers and the responsibilities of their respective departments, thereby strengthening the functions of the Board of Directors while improving the efficiency of business execution, speeding up decision-making and clarifying accountability for results.

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.
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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 Concerning the Introduction of a Mandate-Based Executive Officer System | AXXZIA Inc. (4936) timely disclosure | Komori