Governance structure
Decided to submit a proposal to amend the Articles of Incorporation to shorten directors’ terms of office from 2 years to 1 year at the 120th Ordinary General Meeting of Shareholders scheduled for March 2027. The company will consider selecting candidates for new outside directors and proceed with reviewing the composition and operation of the Nomination and Compensation Advisory Committee.
| Item | Details |
|---|---|
| Committee | Nomination and Compensation Advisory Committee (proportion of outside members: not disclosed) |
| Changes this time | Decided to submit a proposal to amend the Articles of Incorporation to shorten directors’ terms of office from 2 years to 1 year at the 120th Ordinary General Meeting of Shareholders scheduled for March 2027. The company will consider selecting candidates for new outside directors and proceed with reviewing the composition and operation of the Nomination and Compensation Advisory Committee. |
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.To clarify directors’ management responsibilities, ensure that shareholders have an opportunity to decide annually whether to retain their confidence in the directors, and enable the company to build an optimal board composition flexibly in response to changes in the management environment and business challenges. In addition, to further enhance the effectiveness of the Board of Directors, its management oversight function, and the objectivity and transparency of deliberations on nominations and compensation.