Inabata : Notice Regarding Transition to a Company with Audit and Supervisory Committee
February 28, 2022 at 01:22 am
Share
To whom it may concern:
February 28, 2022
Company name:
Inabata & Co., Ltd.
Representative:
Katsutaro Inabata, Director, President
(Stock code: 8098, First Section of the Tokyo Stock Exchange)
Inquiries:
Koichi Noda, General Manager,
Financial Management Office
(TEL 03-3639-6421)
Notice Regarding Transition to a Company with Audit and Supervisory Committee
Inabata & Co., Ltd (the "Company") hereby announces that it has resolved at a meeting of its board of directors held today to make a transition from the current "company with audit & supervisory board" to a "company with audit and supervisory committee," subject to approval at the 161st Ordinary General Meeting of Shareholders to be held in June 2022.
1. Purpose of the transition
The Company regards the enhancement and strengthening of corporate governance as a key management issue and has been making continuous efforts to address this matter. Going forward, the Company has decided to make the transition to a company with audit and supervisory committee in order to further strengthen its supervisory functions as well as to establish a system that enables faster decision-making by the management. After the transition, the board of directors will be composed of a majority of independent outside directors, and the Company aims to further enhance its corporate value by creating a monitoring- type board of directors.
2. Timing of the transition
The Company plans to have the necessary amendments to its Articles of Incorporation approved at the 161st Ordinary General Meeting of Shareholders to be held in June 2022, making the transition to a company with audit and supervisory committee.
3. Other
The Company will announce the details of the amendments to the Articles of Incorporation associated with the transition and officer appointment after the transition once they are determined.
Attachments
Original Link
Original Document
Permalink
Disclaimer
Inabata & Co. Ltd. published this content on 28 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 February 2022 06:21:05 UTC.
Inabata & Co., Ltd. is a Japan-based company that sells information and electronics, chemicals and other products. It operates in five business segments. The Information and Electronics segment provides semiconductors and liquid crystal materials, machinery equipment, ink for copiers and printers, as well as materials for electronics industry. The Chemical segment offers raw materials of automobile components, resins and gum, paintings and inks, paper manufacturing chemicals. The Living Industry segment sells intermediates for medical and agricultural chemicals, fine chemicals, raw materials of pesticide and toiletries, functional food, marine products, agricultural products, and starches. The Synthetic Resin segment provides general-purpose resins and engineering plastic. The Housing Environment segment sells wood, bonded wood, wood construction materials, housing equipment and housing-related materials.