The Tochigi Bank, Ltd.
Notice Regarding Transition to a Company with an Audit and Supervisory Committee
Subject to approval at the 123rd Annual General Meeting of Shareholders scheduled for June 2026, the company will transition to a company with an audit and supervisory committee to strengthen corporate governance and accelerate decision-making.
Key Figures
- Scheduled Transition Date: At the 123rd Annual General Meeting of Shareholders scheduled for June 2026
- Purpose of Transition to a Company with an Audit and Supervisory Committee: Further enhancement of corporate governance
- Board Composition: Establishment of an audit and supervisory committee with a majority of outside directors
AI要約
Purpose of Transition to a Company with an Audit and Supervisory Committee
Tochigi Bank, Ltd. has resolved to transition to a company with an audit and supervisory committee, subject to approval at the 123rd Annual General Meeting of Shareholders scheduled for June 2026. Through this transition, an audit and supervisory committee, comprising a majority of outside directors, will be established to strengthen the board of directors’ audit and supervisory functions. Additionally, by delegating part of the decision-making authority on business execution from the board to individual directors, the company aims to accelerate decision-making and execution, thereby enhancing corporate governance and increasing corporate value.
Future Plans and Other Matters
Amendments to the Articles of Incorporation related to the transition will be approved at the 123rd Annual General Meeting of Shareholders scheduled for June 2026. Details of the amendments and candidates for directors will be announced separately once finalized. This is expected to strengthen the company’s governance framework and contribute to the enhancement of shareholder value.
