UT : Notice Regarding Transition to a Company with an Audit and Supervisory Committee
April 22, 2022 at 03:38 am EDT
Share
April 22, 2022
UT Group Co., Ltd.
Yoichi Wakayama, President, Representative Director & CEO
(Securities code:For inquiries:
2146, TSE Prime Market)
Takahito Yamada, Senior Executive Officer and Division Manager, General Affairs Division+81-3-5447-1710
Notice Regarding Transition to a Company with an Audit and Supervisory Committee
UT Group announces that its Board of Directors held a meeting on April 22, 2022 and adopted a resolution calling for its transition from a "Company with an Audit & Supervisory Board" to a "Company with an Audit and Supervisory Committee," subject to approval at the Company's 15th Ordinary General Meeting of Shareholders scheduled to be held on June 25, 2022.
1. Purpose of the transition to a "Company with an Audit & Supervisory Committee"
In the "Company with an Audit & Supervisory Committee," directors serving concurrently as members of the Audit & Supervisory Committee have voting rights at the Board of Directors. As they audit the legality and appropriateness of business execution by directors, UT Group aims to further strengthen the supervisory function of the Board of Directors, enhance the corporate governance system, and increase corporate value.
2. Transition schedule
The transition to a "Company with an Audit & Supervisory Committee" is to be implemented subsequent to approval of necessary changes to UT Group's Articles of Incorporation at its 15th Ordinary General Meeting of Shareholders scheduled to be held on June 25, 2022.
3. Other
Details of the proposal for partial amendments to the Articles of Incorporation associated with this matter and the proposal for management changes will be announced as soon as they are determined.
End
Attachments
Original Link
Original Document
Permalink
Disclaimer
UT Group Co. Ltd. published this content on 22 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 April 2022 07:37:02 UTC.
UT Group Co., Ltd. is a Japan-based company engaged in the indefinite employment and dispatch business for the manufacturing, design, development and construction industry. The Company operates in three business segments. Manufacturing segment is involved in the provision of temporary staffing, contracting and human resources services for the manufacturing industry. Its main customers include domestic semiconductors, electronics, automobiles, building materials and housing equipment companies. Solution segment is involved in the provision of employment dispatch, contracting for transfer in line with structural reforms for main manufacturing companies. Its main customers are major electronics manufacturers in Japan. Engineering segment is engaged in the provision of engineer dispatch, contracting and human resources services for electro-mechanical companies. Its main customers are manufacturers and general contractors.
UT GROUP CO.,LTD. 
