Nankai Tatsumura Construction Co.,Ltd. [1850.T]
TOKYO, May 12 (Pulse News Wire) – Nankai Tatsumura Construction CO.,LTD. (1850.T) announced today that its board of directors has resolved to propose amending the company's articles of incorporation to set a limit on the number of directors.
The proposed changes aim to clarify the appropriate size of the board while maintaining the effectiveness of discussions and decision-making processes. The amendment would specify that the number of directors, excluding audit committee members, should be eight or fewer, up from the current minimum of five. Additionally, the number of audit committee member directors would be limited to five or fewer, compared to the current requirement of three or more.
The proposal will be put forward at the 83rd annual shareholders' meeting scheduled for May 12, 2026. The effective date for the amended articles is also set for May 12, 2026. This move reflects the company’s commitment to enhancing governance structures and operational efficiency.
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