Governance structure
Company with an Audit & Supervisory BoardThe proposed amendments to the Articles of Incorporation include increasing the maximum number of directors from 5 to 12, shortening directors' terms of office from 2 years to 1 year, establishing a new mechanism for the Board of Directors to decide on dividends of surplus and other matters, deleting the provision on the acquisition of treasury shares, consolidating and reorganizing the provision on interim dividends, and establishing provisions concerning the exemption from and limitation of liability of directors and corporate auditors.
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with an Audit & Supervisory Board |
| Number of directors | Maximum of 12 (previously 5). Total number of incumbent directors and number of outside directors: Not disclosed |
| Changes this time | The proposed amendments to the Articles of Incorporation include increasing the maximum number of directors from 5 to 12, shortening directors' terms of office from 2 years to 1 year, establishing a new mechanism for the Board of Directors to decide on dividends of surplus and other matters, deleting the provision on the acquisition of treasury shares, consolidating and reorganizing the provision on interim dividends, and establishing provisions concerning the exemption from and limitation of liability of directors and corporate auditors. |
Items this document does not state (5)
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.Strengthening and enhancing the management structure, clarifying the management responsibilities of directors, flexibly establishing an optimal management structure capable of responding promptly to changes in the business environment, implementing dividends of surplus and other matters flexibly, enabling directors and corporate auditors to fully perform the roles expected of them, and attracting useful personnel.