Toell Signs Liability Limitation Agreement with External Directors

TOKYO, Jul 30 (Pulse News Wire) – Toell CO.,LTD. (3361.T) announced that it has entered into a liability limitation agreement with external directors based on Article 33 of its articles of incorporation.

The agreement was signed, following the approval of the 63rd regular shareholders' meeting held on the same day. Under the agreement, which complies with the Company Law's provisions allowing companies to limit the liability of external directors for damages resulting from negligence, the responsibility limits are set according to legal regulations. The external director involved in this agreement is Mr.

Yoichi Kato. This move aims to protect the interests of the company while ensuring clear accountability among external directors. The agreement provides a framework for limiting potential liabilities arising from operational oversight, thereby fostering a more stable governance environment.