Governance structure
The convener and chair of general meetings of shareholders and Board of Directors meetings will be changed from the president or representative director to a director designated in advance by the Board of Directors. The limit on the number of directors under the Articles of Incorporation will be changed from no more than 20 to no more than 10. The provision on interim dividends will be deleted, and record dates for year-end dividends, interim dividends and other dividends will be newly established. The provisions concerning dividends of surplus and other related matters will be reorganized.
| Item | Details |
|---|---|
| Number of directors | Articles of Incorporation limit: 10 directors (outside directors: Not disclosed) |
| Changes this time | The convener and chair of general meetings of shareholders and Board of Directors meetings will be changed from the president or representative director to a director designated in advance by the Board of Directors. The limit on the number of directors under the Articles of Incorporation will be changed from no more than 20 to no more than 10. The provision on interim dividends will be deleted, and record dates for year-end dividends, interim dividends and other dividends will be newly established. The provisions concerning dividends of surplus and other related matters will be reorganized. |
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 provide greater flexibility in the operation of general meetings of shareholders and Board of Directors meetings in line with the new management structure. To facilitate dividend administration, revise wording and clarify the provisions. This does not change the decision-making body for dividends of surplus or other related matters.