BROTHER INDUSTRIES,LTD. [6448.T]
TOKYO, May 21 (Pulse News Wire) – Brother Industries,ltd. (6448.T) announced today that its board of directors has decided to propose amendments to its articles of incorporation at the upcoming 134th Ordinary General Meeting of Shareholders scheduled for May 21, 2026.
The proposed changes aim to strengthen oversight functions within the board of directors and enhance governance further. Specifically, the company plans to transition to becoming a corporation with an audit committee upon shareholder approval at the meeting on May 21, 2026.
As part of this transition, the company will establish provisions related to audit committee members and the audit committee itself, remove existing provisions concerning auditors and auditor meetings, and introduce new provisions allowing the board of directors to delegate decisions on significant business operations. Additionally, the company will abolish provisions relating to advisory directors based on the current operational structure.
The shareholders’ meeting to approve these changes is set for May 21, 2026, with the amended articles taking effect immediately afterward.
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