Bridgestone Corporation today announced that its Board of Directors has approved the transfer of representative and the candidates of director after the adoption of the “Company with Nominating Committee, etc.”** model of corporate governance, a shift from the current “Company with Board of Company Auditors”** structure, a model of which has been in place since 1993, as of the news release “Bridgestone to adopt the new corporate governance structure” announced on October 14th, 2015.
The new governance structure will become effective upon approval of amendments to the Company’s Articles of Incorporation reflecting this change at the next Annual Shareholders’ Meeting to be held in March 2016.
Along with today’s Board action, the directors of three Board committees (nominating committee, audit committee, and compensation committee) and the candidates of executive officer, to be referred in the Board meeting held after the next Annual Shareholders’ meeting, were informally elected.
Click here to view the detailed release.
