Orient Corporation
Notice Regarding Partial Amendment of Articles of Incorporation
At the Annual General Meeting of Shareholders held on June 25, 2025, a resolution was approved to amend the articles of incorporation to allow the chairman of the board of directors to be selected from directors other than the president. This aims to strengthen corporate governance.
Key Figures
- Effective Date of Articles Amendment: 2025-06-25
- Selection Method of Chairman of the Board: Changed to allow selection from directors other than the president
- Occurrence of Timely Disclosure Delay: Disclosure delayed at the board resolution on 2025-05-13
AI要約
Overview of the Articles Amendment
Orient Corporation amended part of its articles of incorporation at the 65th Annual General Meeting of Shareholders held on June 25, 2025, aiming to strengthen the supervisory function of the board of directors. Specifically, the chairman of the board was no longer limited to being the president; instead, a director predetermined by the board may serve as chairman and convener. This change clarifies the separation between the board’s supervisory and executive functions and enhances corporate governance.
Regarding Timely Disclosure Delay
The board resolution concerning this articles amendment was made on May 13, 2025; however, timely disclosure was delayed at that time due to insufficient confirmation. The company has expressed its commitment to promptly and appropriately disclose information when relevant events occur in the future, and has apologized to investors for the delay.
