Transitioning from a company with an Audit & Supervisory Board to a company with an Audit & Supervisory Committee to enhance and strengthen the corporate governance system
Subject to approval at the 8th Ordinary General Meeting of Shareholders scheduled to be held on June 27, Cover announced today (May 17) that it will transition from a company with an Audit & Supervisory Board to a company with an Audit & Supervisory Committee in order to enhance and strengthen its corporate governance system. By transitioning to a company with an Audit and Supervisory Committee, the supervisory function of the Board of Directors will be strengthened by making the Audit and Supervisory Committee members who are responsible for auditing the execution of duties by directors a member with voting rights at the Board of Directors....
The linked article is in Japanese.
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