Governance structure
Planned change to a company with an Audit & Supervisory Committee (currently a company with an Audit & Supervisory Board)To transition from a company with a Board of Corporate Auditors to a company with an Audit and Supervisory Committee, provisions concerning the Audit and Supervisory Committee and its members will be added, while provisions concerning the Board of Corporate Auditors and Corporate Auditors will be deleted. Provisions allowing the Board of Directors to delegate decisions on important business execution to individual directors, a maximum number of directors, and bank agency services as a business purpose will also be added.
| Item | Details |
|---|---|
| Corporate Governance Structure | Planned change to a company with an Audit & Supervisory Committee (currently a company with an Audit & Supervisory Board) |
| Number of directors | 15 directors or fewer. Of these, 5 or fewer will be directors serving as audit and supervisory committee members. The number of outside directors is Not disclosed |
| Committee | An Audit and Supervisory Committee will be established. Proportion of outside committee members: not disclosed. Nomination and Compensation Committee: not disclosed |
| Changes this time | To transition from a company with a Board of Corporate Auditors to a company with an Audit and Supervisory Committee, provisions concerning the Audit and Supervisory Committee and its members will be added, while provisions concerning the Board of Corporate Auditors and Corporate Auditors will be deleted. Provisions allowing the Board of Directors to delegate decisions on important business execution to individual directors, a maximum number of directors, and bank agency services as a business purpose will also be added. |
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 supervisory functions of the Board of Directors and achieve swift and flexible business execution. The amendments will also ensure that the Board of Directors is maintained at an appropriate size from the perspective of securing its effectiveness. The addition of business purposes is intended to prepare for future business expansion.