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Inc.","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-09-24","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/09\/4088-20260924-01.pdf","jir_short_summary":"Transition to a company with an Audit Committee and appointment of Mr. Mikihiko Kato as Chair of the Board, an Independent Outside Director.","jir_summary":"### Background and purpose of the new governance\nAir 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.\n\n### Details and objectives of the new governance\nUnder 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.","jir_financial_highlights":"Unknown: Unknown (Unknown)","jir_category":"","jir_hashtags":"#AirWater, #ExecutivePersonnelAnnouncement","jir_key_figures":"Chairman-elect: Mikihiko Kato (Independent Outside Director)\nAppointment date: September 22, 2026\nOutside Director ratio: 5 of 9 directors on the Board, 4 of 6 Audit Committee directors","jir_meta_title":"Air Water: Transition to a company with an Audit Committee and appointment of an Independent Outside Director as Chair of the Board | September 2026","jir_meta_description":"Air Water transitioned to a company with an Audit Committee at the extraordinary general meeting, appointing Mikihiko Kato as Chair of the Board to strengthen internal controls and governance, aiming to restore trust and enhance corporate value.","jir_og_title":"Air Water: Transition to an Audit Committee company; Independent Outside Director to chair the Board","jir_og_description":"Air Water reinforces governance by transitioning to a company with an Audit Committee. An Independent Outside Director will chair, introducing a new structure to enhance transparency and supervisory functions.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":7860,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"executive_change","footnotes":""},"sector":[],"importance":[],"class_list":["post-122437","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n