Governance structure
Scheduled transition to a Company with an Audit and Supervisory Committee (currently a Company with a Board of Corporate Auditors)The Company plans to transition from a company with a Board of Corporate Auditors to a company with an Audit & Supervisory Committee. It plans to grant Audit & Supervisory Committee members voting rights at Board of Directors meetings and delegate authority to make decisions on the execution of business to the directors. Details of the amendments to the Articles of Incorporation and the officer structure are scheduled to be determined in the future.
| Item | Details |
|---|---|
| Corporate Governance Structure | Scheduled transition to a Company with an Audit and Supervisory Committee (currently a Company with a Board of Corporate Auditors) |
| Committee | An Audit & Supervisory Committee is scheduled to be established. Proportion of outside committee members: not disclosed |
| Changes this time | The Company plans to transition from a company with a Board of Corporate Auditors to a company with an Audit & Supervisory Committee. It plans to grant Audit & Supervisory Committee members voting rights at Board of Directors meetings and delegate authority to make decisions on the execution of business to the directors. Details of the amendments to the Articles of Incorporation and the officer structure are scheduled to be determined in the future. |
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.The transition is intended to strengthen the supervisory functions of the Board of Directors and enhance the corporate governance framework by granting Audit & Supervisory Committee members voting rights at Board of Directors meetings. It is also intended to accelerate management decision-making and execution by delegating authority to make decisions on the execution of business from the Board of Directors to the directors.