TOKYU CONSTRUCTION CO., LTD. [1720.T]
TOKYO, May 22 (Pulse News Wire) – Tokyu Construction Co., Ltd. (1720.T) announced plans to transition from a company with an audit committee to one with an audit oversight board at its upcoming shareholders’ meeting scheduled for June 24, 2026.
The move aims to enhance corporate governance and strengthen supervisory functions within the board. Additionally, the company will revise provisions related to executive appointments and roles to ensure clearer responsibilities and flexibility in leadership structure. The changes also involve modifying the convening rights and chairperson role for shareholder meetings to allow for more flexible operations.
Other adjustments include enabling the selection of the president from among executive officers and establishing clear criteria for selecting executive officers. The revised provisions will take effect upon approval during the annual general meeting on June 24, 2026. Furthermore, the company will make necessary amendments to align with the shift, such as setting up regulations for audit oversight board members and removing existing provisions for audit committees and their chairs.
These modifications aim to reinforce long-term corporate value enhancement as part of its strategic plan "From Zero to Zero.".
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