Governance structure
Company with an Audit and Supervisory CommitteeA new Paragraph 4 will be added to Article 19 of the Articles of Incorporation concerning the validity period of a resolution electing a substitute director who is an Audit and Supervisory Committee Member. Unless shortened by resolution, the validity period will extend until the start of the Ordinary General Meeting of Shareholders relating to the last fiscal year ending within 2 years after the resolution.
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with an Audit and Supervisory Committee |
| Changes this time | A new Paragraph 4 will be added to Article 19 of the Articles of Incorporation concerning the validity period of a resolution electing a substitute director who is an Audit and Supervisory Committee Member. Unless shortened by resolution, the validity period will extend until the start of the Ordinary General Meeting of Shareholders relating to the last fiscal year ending within 2 years after the resolution. |
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 align the validity period of the resolution electing a substitute director who is an Audit and Supervisory Committee Member with the term of office of directors who are Audit and Supervisory Committee Members.