NISSHIN SEIFUN GROUP INC. [2002.T]
TOKYO, May 14 (Pulse News Wire) – Nisshin Seifun Group INC. (2002.T) announced today that its board of directors has resolved to propose amendments to the company's articles of incorporation at the upcoming 182nd regular shareholders' meeting scheduled for May 14, 2026.
The proposed changes aim to strengthen governance by shifting to a structure where external directors constitute a majority post-meeting. To facilitate more agile decision-making, the number of directors will be reduced from up to 14 to up to 11. Additionally, the amendment allows for the selection of the president from outside the board of directors and modifies provisions related to convening meetings and appointing chairpersons.
The shareholder meeting to approve these changes is set for May 14, 2026, with the amendments taking effect immediately thereafter. The company seeks to enhance operational flexibility and ensure effective discussions through these modifications. The detailed amendments, which include changes to the management of share registers and procedures for handling shares, are outlined in the attached documents.
The primary goal remains to create a robust framework that supports dynamic responses to evolving business environments while maintaining transparency and accountability.
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