Trailhead Global Holdings, Inc. [3358.T]
TOKYO, May 15 (Pulse News Wire) – Trailhead Global Holdings,inc. (3358.T) announced today that its board of directors has decided to transition from an audit committee structure to a supervisory committee structure and amend certain provisions of its articles of incorporation.
The changes will be proposed at the upcoming 32nd annual shareholders' meeting scheduled for June 26, 2026. The move aims to enhance corporate governance and strengthen oversight functions of the board while enabling swift decision-making aligned with the mid-term business plan. Key amendments include establishing regulations for the audit committee and its members, removing existing provisions related to auditors and the audit committee, and allowing the board to delegate important business decisions to individual executives based on Company Law Article 399, Paragraph 13, Item 6.
Additionally, the amendment allows the board to continue exempting former auditors from liability for negligence post-transition through a special clause. The effective date for these changes is set for June 26, 2026, contingent upon shareholder approval during the annual meeting. Separately, the company disclosed updated personnel appointments following the shift, which are detailed in a separate press release issued concurrently.
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