THE BANK OF KOCHI,LTD. [8416.T]
TOKYO, May 11 (Pulse News Wire) – THE Bank OF Kochi,ltd. (8416.T) resolved today to transition from an audit committee structure to an audit oversight committee structure at its upcoming annual shareholders meeting scheduled for June 26, 2026.
The move aims to enhance corporate governance by strengthening supervisory functions within the board of directors. It also seeks to separate operational execution from supervision, enabling faster decision-making and improved corporate value.
Additionally, the bank plans to amend its articles of incorporation to allow for responsibility limitation agreements between non-executive directors and the company, subject to approval at the same meeting. Key changes include reducing the number of directors to nine, excluding audit committee members who will be limited to five.
The amendments will take effect immediately upon shareholder approval at the meeting on June 26, 2026.
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