TOKYO, May 15 (Pulse News Wire) – Kyoritsu CO.,LTD. (7795.T) resolved at today's board meeting to propose amendments to its articles of incorporation at its 45th ordinary shareholders' meeting scheduled for May 15, 2026.
The changes aim to strengthen corporate governance by transitioning to a company with an audit committee structure, enhancing oversight functions and facilitating more efficient decision-making processes. Key modifications include establishing provisions related to the audit committee and its members while removing those concerning the audit board and auditors.
Additionally, the company will introduce new clauses allowing important business decisions to be delegated to directors within the amended articles to ensure continued effectiveness and expedite management actions. The revised articles will take effect on May 15, 2026, contingent upon shareholder approval during the upcoming meeting.
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