TOKYO, Apr 30 (Pulse News Wire) – Kyocera Corporation (6971.T) announced today that its board of directors has resolved to propose changes to its articles of incorporation aimed at enhancing corporate governance. The proposed amendments include establishing a committee of audit and supervisory members and removing provisions related to the audit council.
A special shareholders' meeting is scheduled for June 25 to consider these changes. Kyocera's efforts to return to high-profit and high-growth status through various management reforms prompted the need for these governance enhancements.
The company plans to transition to a structure with an audit committee to strengthen oversight functions and improve deliberation processes. As part of this shift, new regulations concerning the audit committee and supervisory auditors will be implemented, while existing provisions for the audit council will be removed.
The shareholder meeting to approve these changes is set for June 25, with the revised articles taking effect immediately upon approval.
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