Investor Presentaiton
Motoshige Itoh, Ms. Reiko Amano, Ms. Hiroko Kawamoto and Mr. Toshio
Iwamoto, to limit their liability as provided for in Article 423, Paragraph 1 of the
Companies Act. The maximum amount of such liability under such agreement
shall be the amount stipulated by laws and regulations. If the election of the four
(4) candidates is approved, the Company intends to continue such agreement
with them.
4. The Company has executed a directors and officers liability insurance agreement
with an insurance company in accordance with Article 430-3, Paragraph 1 of the
Companies Act. The insurance agreement covers the legal costs and damages
incurred by the insured, including the Company's Directors, due to third-party
lawsuits and shareholder derivative lawsuits; excluding in the event the Company
pursues liability for damages against the insured. The insurance premiums are fully
borne by the Company and the agreement is renewed annually. If each candidate
is elected as Director, he or she will be the insured under this insurance agreement.
Agenda Item No. 4: Election of four (4) Directors Who Are Audit and Supervisory
Committee Members
If the Agenda Item No. 2 “Partial Amendment to the Articles of Incorporation" is
approved as proposed, the Company will transition to a company with Audit and Supervisory
Committee.
Accordingly, the Company proposes the election of four (4) Directors who are Audit
and Supervisory Committee Members. In addition, consent for this Agenda item has been
obtained from the Board of Corporate Auditors. This Agenda item shall become effective on
condition that the amendments to the Articles of Incorporation in Agenda Item No. 2 takes
effect. Each candidate shall be as follows:
26View entire presentation