TOKYO, Mar 12 (Pulse News Wire) – Chiyoda CO.,LTD. (8185.T) announced today that its board of directors has approved the introduction of a delegated executive officer system aimed at enhancing supervisory functions and decision-making efficiency.
Under the new system, which will take effect following the shareholders' meeting scheduled in May 2026, executive officers will operate under the supervision of the board of directors and execute their duties based on the company's basic policies decided by the board. The company will appoint both employment-based and delegated executive officers through contracts. Selection and dismissal of executive officers will be conducted by the board of directors, with terms set at one year and renewable without restriction.
Executive officers may also concurrently serve as directors. This reform seeks to strengthen oversight mechanisms and streamline operations while ensuring swift decision-making processes. The changes reflect the company’s commitment to improving governance structures and operational effectiveness.
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