Governance structure
Company with an Audit & Supervisory BoardShorten the term of office of directors from 2 years to 1 year; newly establish provisions authorizing the Board of Directors to determine distributions of surplus and other matters; newly establish provisions concerning alternate Audit & Supervisory Board Members; delete provisions concerning the acquisition of treasury shares; add the record date for interim dividends to the Articles of Incorporation and delete the existing provision concerning interim dividends
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with an Audit & Supervisory Board |
| Changes this time | Shorten the term of office of directors from 2 years to 1 year; newly establish provisions authorizing the Board of Directors to determine distributions of surplus and other matters; newly establish provisions concerning alternate Audit & Supervisory Board Members; delete provisions concerning the acquisition of treasury shares; add the record date for interim dividends to the Articles of Incorporation and delete the existing provision concerning interim dividends |
Items this document does not state (6)
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 amendments are intended to establish a management structure capable of responding swiftly to changes in the business environment, clarify the management responsibilities of directors, enable flexible capital and dividend policies, and provide for cases in which the number of Audit & Supervisory Board Members falls below the statutory requirement.