Investor Presentaiton
Current Provisions
Chapter IV. Directors and Board of
Directors
Number of Directors
Article 20. (text omitted)
(Newly established)
Resolution for Election of Directors
Article 21. Resolutions on the election of
Directors shall be made by a majority of the
votes of the shareholders present at the
meeting where the shareholders holding at
least one-third of the voting rights of the
shareholders entitled to exercise their votes
at such meetings are present.
2. (text omitted)
Term of Office of Directors
Article 22. The term of office of a Director
shall expire at the conclusion of the
ordinary general meeting of shareholders
for the last business year out of the business
years ending within one (1) year after the
election.
(Newly established)
(Newly established)
Representative Directors and Executive
Directors
Article 23. The Company shall have one (1)
President, selected from among the
Directors by resolution of the Board of
Directors.
Proposed Amendment
Chapter IV. Directors and Board of
Directors
Number of Directors
Article 21. (same as present)
2. Of the Directors set forth in the
preceding paragraph, no more than five (5)
Directors shall be Audit and Supervisory
Committee members.
Resolution for Election of Directors
Article 22. Resolutions on the election of
Directors shall be made separately for
Directors who are Audit and Supervisory
Committee Members and other Directors,
by a majority of the votes of the
shareholders present at the meeting where
the shareholders holding at least one-third
of the voting rights of the shareholders
entitled to exercise their votes at such
meetings are present.
2. (same as present)
Term of Office of Directors
Article 23. The term of office of Director
(excluding Directors who are Audit and
Supervisory Committee Members) shall
expire at the conclusion of the annual
general meeting of shareholders for the last
business year out of the business years
ending within one (1) year after the election
of the Director.
2. The term of office of a Director who is
an Audit and Supervisory Committee
Member shall expire at the conclusion of
the annual general meeting of shareholders
for the last business year out of the business
years ending within two (2) years after the
election of the Director.
3. The term of office of a Director who is
an Audit and Supervisory Committee
Member elected to fill a vacancy shall
expire when the term of office of the
predecessor expires.
Representative Directors and Executive
Directors
Article 24. The Company shall have one (1)
President, selected from among the
Directors (excluding Directors who are
Audit and Supervisory Committee
members) by resolution of the Board of
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