Dainichiseika Color & Chemicals Mfg.Co.,Ltd. [4116.T]
TOKYO, May 15 (Pulse News Wire) – Dainichiseika Color & Chemicals Mfg.co.,ltd. (4116.T) resolved at its board meeting held , to propose changes to its articles of incorporation at its upcoming annual shareholders' meeting scheduled for June 26, 2026.
The proposed amendments aim to enhance flexibility and agility in the operation of shareholder meetings and board sessions. The key changes involve modifying Articles 14 and 23 of the existing articles of incorporation. Under the revised Article 14, the convening of general meetings would shift from being solely conducted by the president to being organized by directors designated by the board of directors, except where otherwise stipulated by law.
Similarly, Article 23 would alter the responsibility for convening board meetings from the president alone to directors appointed by the board, again subject to legal exceptions. The amended provisions also specify that emergency notifications for convening board meetings could be made within a shorter timeframe than the usual one-week advance notice, contingent upon unanimous agreement among all directors. These modifications are set to take effect on June 26, 2026, coinciding with the day of the shareholders' meeting.
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