- For Print
- May 14, 2015
Listed Company Name:¾«¶«Ó°Òµ.
Representative:Haruo Naito
Representative Corporate
Officer and CEO
Securities Code:4523
Stock Exchange Listings:First Section of the Tokyo
Stock Exchange
Inquiries:Sayoko Sasaki
Vice President, Corporate Affairs
Phone +81-3-3817-5120
At the Board of Directors meeting held on May 14, 2015, ¾«¶«Ó°Òµ. (Headquarters: Tokyo, CEO: Haruo Naito, “the Company”) resolved to propose a partial amendment to the Articles of Incorporation at the 103rd Ordinary General Meeting of Shareholders to be held on June 19, 2015.
Remarks:
1. The reasons for the changes
The following is an overview of the reasons for the change. Each is in conjunction with enforcement of the Act for Partial Revision of the Companies Act (Act No. 90 of 2014; hereinafter “Revised Companies Act”) as of May 1, 2015.
1) Change to the name of the company with committees system, etc.
The Revised Companies Act changes the names of the “company with committees system” and “committees” to “company with a nomination committee, etc., system” and “nomination committee, etc.,” respectively. The partial revision of the Company's Articles of Incorporation will be carried out in conjunction with these changes.
2) Changes to the conditions of eligibility for a limitation of liability contract.
The Revised Companies Act changes the conditions for directors eligible for a limitation of liability contract as stipulated in Article 427 of the Companies Act to non-executive directors. The partial revision of the Company's Articles of Incorporation will be carried out in conjunction with this change.
2. The content of the changes
The details of the changes are as follows.
(Changes are underlined.)
*You can scroll to the left or right here
Existing Articles of Incorporation | Proposed change |
---|---|
(Company with committees system)
|
(Company with a nomination committee, etc., system)
|
Chapter V. Committees (Establishment of committees)
(Appointment)
|
Chapter V. Nomination Committee, etc. (Establishment of a nomination committee, etc.)
(Appointment)
|
(Exemption from liability)
|
(Exemption from liability)
|
3. Schedule
*You can scroll to the left or right here
Ordinary General Meeting of Shareholders | June 19, 2015 (planned) |
Effective date | June 19, 2015 (planned) |
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