Listed companies are obligated to set up outside directors The revised Companies Act is enacted December 4, 12:59
The revised Companies Act, which is based on the requirement of listed companies to set up outside directors, was passed at the House of Councilors' Meeting.
The amendment to the company law was voted at the House of Councilors meeting on the 4th, and was approved by the majority of the LDP and the Constitutional Democratic Party.
The revised law obligates listed companies to have outside directors in order to ensure transparency in corporate management and encourage corporate governance.
In addition, in order to streamline the procedures for opening a general meeting of shareholders, we will notify shareholders in advance of the address of the company's website, etc., so that the materials of the general meeting of shareholders can be posted on the site.
In addition, in order to facilitate the general meeting of shareholders, a maximum limit of 10 proposals per shareholder can be proposed.