Source disclosure: February 25, 2026, 16:00 JST
Foster Electric Company,Limited [6794.T]
TOKYO, Feb 25 (Pulse News Wire) – Foster Electric Company,limited (6794.T) announced today that its board of directors has resolved to transition from an audit committee firm to an audit and supervisory committee firm, subject to approval at its 92nd ordinary shareholders' meeting scheduled for late June 2026. The move aims to enhance corporate governance and improve enterprise value.
Key changes include strengthening oversight functions through external directors comprising more than half of the audit committee, granting decision-making powers to certain executives, and streamlining management decisions within appropriate supervision. In addition, Foster Electric plans to establish an audit and supervisory committee post-transition, with external directors making up more than half of the total director count.
Details of the necessary amendments to the articles of incorporation will be disclosed once finalized.
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