TOKYO, May 29 (Pulse News Wire) – Rentracks CO.,LTD. (6045.T) announced today that its board of directors approved plans to amend the company’s articles of incorporation and nominate new directors ahead of the scheduled June 26 shareholders’ meeting.
The amendments aim to transition the company from a corporation with a board of auditors to a corporation with an audit committee, enhancing corporate governance and decision-making efficiency. The proposed changes include adding new business purposes related to the recent acquisition of Ishijima Gold Silver Industry Co., Ltd. Additionally, the company intends to allow the board of directors to decide on dividend distributions based on Article 459 of the Companies Act.
Other modifications involve setting up provisions for the audit committee and removing those for the board of auditors. Scheduled for nomination at the upcoming shareholders’ meeting are six inside directors—Yamazaki Daizou, Kaneko Eisaku, Kikuchi Yoshiyuki, Yokoyama Hayami, Fukuda Hideki, and Morito Yoshio—and three outside directors—Kashima Shigeru, Ito Keie, and Yamamoto Kenji. Two incumbent outside auditors, Oroshi Toshikazu and Onishi Masayoshi, are set to retire upon the conclusion of the meeting.
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