Kyokuto Kaihatsu Kogyo Co.,Ltd.
Notice Regarding Transition to a Company with an Audit and Supervisory Committee
Kyokuto Kaihatsu Kogyo Co., Ltd. has resolved to transition from a company with a Board of Auditors to a company with an Audit and Supervisory Committee, subject to approval at the 91st Ordinary General Meeting of Shareholders scheduled for June 2026.
Key Figures
- Scheduled Transition Date: At the 91st Ordinary General Meeting of Shareholders scheduled for June 2026
- Audit and Supervisory Committee Composition: Majority are outside directors
- Delegation of Board Authority: Business execution decision authority delegated to directors
AI要約
Purpose of Transition to a Company with an Audit and Supervisory Committee
Kyokuto Kaihatsu Kogyo Co., Ltd. will transition from a company with a Board of Auditors to a company with an Audit and Supervisory Committee in order to enhance management transparency and strengthen the corporate governance system. The Audit and Supervisory Committee will have a majority of outside directors and will conduct audits and supervision regarding the legality and appropriateness of business execution, establishing a system that ensures highly transparent management and meets stakeholder expectations. Additionally, authority over business execution decisions of the Board of Directors will be delegated to the directors to accelerate decision-making.
Timing of Transition and Future Actions
The transition will be implemented subject to approval at the 91st Ordinary General Meeting of Shareholders scheduled for June 2026. Amendments to the Articles of Incorporation and changes in officer personnel related to this transition will be separately announced once decided. Investors should pay close attention to the strengthening of governance going forward.
