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Governance9253Slogan Inc.Information and Communications, Services and Others

Notice Regarding the Transition to a Company with an Audit and Supervisory Committee and Changes to Executive Personnel

The company has decided to transition from a Company with an Audit & Supervisory Board to a Company with an Audit and Supervisory Committee, subject to shareholder approval. Following the transition, the Board of Directors will comprise 6 directors, including 4 outside directors, and the company plans for the retirement of existing officers and the appointment of new director candidates.

Worth reading
70In focus
Scored from 2 of 5 sections
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
—
Displayed only when the document provides numerical figures.
Wording
Conditional
How definitive the wording is.

Governance structure

Company with an Audit and Supervisory Committee (planned transition following shareholder approval; currently a Company with an Audit & Supervisory Board)
Number of directors6 directors, including 4 outside directors (based on candidates following the transition)
Committee2
Audit and Supervisory Committee2 outside members out of 3 (66.7%). Nomination Committee and Compensation Committee: not disclosed
Changes this time

The company has decided on a policy to transition from a Company with an Audit & Supervisory Board to a Company with an Audit and Supervisory Committee and has finalized the director candidates following the transition. The Audit & Supervisory Board will be abolished, and all Audit & Supervisory Board members are scheduled to retire. 2 outside directors are also scheduled to retire upon expiration of their terms.

Governance structure
ItemDetails
Corporate Governance StructureCompany with an Audit and Supervisory Committee (planned transition following shareholder approval; currently a Company with an Audit & Supervisory Board)
Number of directors6 directors, including 4 outside directors (based on candidates following the transition)
CommitteeAudit and Supervisory Committee, 2 outside members out of 3 (66.7%). Nomination Committee and Compensation Committee: not disclosed
Changes this timeThe company has decided on a policy to transition from a Company with an Audit & Supervisory Board to a Company with an Audit and Supervisory Committee and has finalized the director candidates following the transition. The Audit & Supervisory Board will be abolished, and all Audit & Supervisory Board members are scheduled to retire. 2 outside directors are also scheduled to retire upon expiration of their terms.
Items this document does not state (4)
Number of independent officersPolicy on cross-shareholdingsTakeover defensesControlling shareholder

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 accelerate decision-making and business execution by delegating authority to make important business execution decisions to the directors, and to strengthen the supervisory function by giving Audit and Supervisory Committee members voting rights at Board of Directors meetings.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Notice Regarding the Transition to a Company with an Audit and Supervisory Committee and Changes to Executive Personnel | Slogan Inc. (9253) timely disclosure | Komori