CKD to Amend Articles Amid Shift to Audit Committee Structure

TOKYO, May 15 (Pulse News Wire) – CKD Corporation (6407.T) resolved today to propose amendments to its articles of incorporation at its upcoming 106th Ordinary General Meeting scheduled for June 26, 2026. The changes aim to enhance corporate governance by strengthening oversight through an audit committee structure and allowing important business decisions to be delegated to individual directors for faster decision-making.

Key amendments include establishing provisions for audit committee members who will serve as part of the board of directors, removing existing provisions related to the audit committee, and enabling non-executive directors to enter into liability limitation agreements. Additionally, minor textual adjustments will be made to align with the overall changes.

The proposed amendments require shareholder approval at the general meeting on June 26, 2026. If approved, the changes will take effect immediately upon conclusion of the meeting.