Source disclosure: February 26, 2026, 08:00 JST
Safie Inc. [4375.T]
TOKYO, Feb 26 (Pulse News Wire) -- Safie Inc. (4375.T), led by President and CEO Takahiro Sadojima, announced on February 26 that it has decided to propose changes to its articles of incorporation at its upcoming 12th Ordinary General Meeting of Shareholders scheduled for March 26, 2026. The company aims to enhance its governance structure to support further growth and improve corporate value under its vision of "Creating the Future from Images."
The proposed amendments aim to strengthen the functions of the board of directors by transitioning to a system with an audit committee. This move is intended to increase the number of outside directors, fostering more active discussions within the board to enhance monitoring capabilities and promote fairness and transparency in management. Additionally, the company seeks to establish a governance framework that will be easily understood by global stakeholders, facilitating shared growth.
Specifically, the changes include the establishment of new provisions related to the audit committee and audit committee members, as well as the deletion of existing provisions concerning auditors and the auditor's meeting. Other associated regulations will also be revised or deleted accordingly. For instance, the current Article 4 states that the company shall have a board of directors, an auditing council, and an auditor’s meeting, but these will change to having only a board of directors and an audit committee. Similarly, Article 15 will now specify that the general shareholders' meeting should be convened and chaired by the president rather than the representative director.
Furthermore, the amendment introduces new stipulations regarding the term limits for both regular directors and audit committee members. Regular directors’ terms will remain unchanged at one year after appointment, while those of audit committee members will extend to two years. In cases where a replacement is needed before the end of their term, the substitute’s tenure will align with the remaining period of the predecessor’s term.
These modifications reflect the company's commitment to adapting its internal structures to meet evolving business environments and ensure robust oversight mechanisms. The proposal will take effect immediately upon conclusion of the shareholders' meeting.
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