OCEAN SYSTEM CORPORATION [3096.T]
TOKYO, May 14 (Pulse News Wire) – Ocean System Corporation (3096.T) resolved today to propose changes to its articles of incorporation at its upcoming annual general meeting scheduled for May 14, 2026. The proposed amendments aim to enhance corporate governance by establishing provisions for audit committee members and removing those related to auditors and auditor committees.
Additionally, the firm plans to adjust certain clauses and streamline language within the revised articles. The board also decided to increase the number of directors from up to 15 to up to 19, with four of these positions reserved for audit committee members.
Directors' terms will now range from one to two years depending on their role, while the appointment process will differentiate between regular directors and audit committee members. The transition to an audit committee structure is set to take effect upon shareholder approval at the AGM on April 14, 2026.
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