Governance structure
Before the change: company with a board of corporate auditors; after the change: company with an audit and supervisory committeeProvisions concerning corporate auditors and the Board of Corporate Auditors will be deleted, and new provisions concerning the Audit and Supervisory Committee and directors serving as audit and supervisory committee members will be established. New provisions will also allow the Board of Directors to delegate decisions on important business execution to directors and to resolve matters such as the distribution of surplus, among others.
| Item | Details |
|---|---|
| Corporate Governance Structure | Before the change: company with a board of corporate auditors; after the change: company with an audit and supervisory committee |
| Number of directors | No more than 15. Of these, no more than 5 may be directors serving as audit and supervisory committee members |
| Committee | Audit and Supervisory Committee. The proportion of outside committee members is not disclosed. |
| Changes this time | Provisions concerning corporate auditors and the Board of Corporate Auditors will be deleted, and new provisions concerning the Audit and Supervisory Committee and directors serving as audit and supervisory committee members will be established. New provisions will also allow the Board of Directors to delegate decisions on important business execution to directors and to resolve matters such as the distribution of surplus, among others. |
Items this document does not state (4)
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 strengthen the monitoring function of the Board of Directors and enhance management transparency. The changes are also intended to enable faster decision-making, more agile and flexible business execution, and greater flexibility in returning profits to shareholders.