Air Water Inc.
Notice regarding transition to a company with an Audit Committee and the appointment of an Independent Outside Director as Chair of the Board
Transition to a company with an Audit Committee and appointment of Mr. Mikihiko Kato as Chair of the Board, an Independent Outside Director.
Key Figures
- Chairman-elect: Mikihiko Kato (Independent Outside Director)
- Appointment date: September 22, 2026
- Outside Director ratio: 5 of 9 directors on the Board, 4 of 6 Audit Committee directors
AI要約
Background and purpose of the new governance
Air Water Inc. has positioned governance reform as the top priority following a series of improper accounting incidents and decided to transition to a company with an Audit Committee. This will reassess the roles and operations of the Board of Directors, strengthening discussions and oversight of management strategies, material risks, internal controls, and group management.
Details and objectives of the new governance
Under the new structure, the Chair of the Board will be held by an Independent Outside Director. This will enhance independence and objectivity, promote open and constructive discussions, and improve the Board's supervisory function and transparency. The Board composition is planned to include 5 of 9 directors from the company side, and 4 of 6 Audit Committee members to be Outside Directors.
Air Water Inc.
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