|By JCN Newswire||
|May 16, 2014 07:20 AM EDT||
1. Reasons for the Changes
Mitsubishi Corporation introduced the Executive Officer system in 2001, and has secured sound and efficient management by assigning business execution duties to Executive Officers while the Board of Directors makes decisions on important managerial matters and supervises business execution.
Considering that this system is firmly established, the Board proposes that the wording of the present Articles of Incorporation concerning Directors and Executive Officers as well as other related provisions be revised or deleted, that the one new article be inserted and that the article numbers be adjusted accordingly. The purpose of this amendment is to clarify in the Articles of Incorporation that the President and Chief Executive Officer (who is responsible for the execution of business) holds the title of Executive Officer.
2. Contents of the Changes
Specific changes to the Articles (the changed parts are underlined) and the reasons for such changes are shown in the attached sheets.
Date of General Meeting of Shareholders for changing the Articles of Incorporation: June 20, 2014
Effectuation date of Articles of Incorporation changes: June 20, 2014.
About Mitsubishi Corporation
Mitsubishi Corporation (MC; TSE: 8058) is a global integrated business enterprise that develops and operates businesses across virtually every industry including industrial finance, energy, metals, machinery, chemicals, foods, and environmental business. MC's current activities are expanding far beyond its traditional trading operations as its diverse business ranges from natural resources development to investment in retail business, infrastructure, financial products and manufacturing of industrial goods. With over 200 bases of operations in approximately 80 countries worldwide and a network of over 500 group companies, MC employs a multinational workforce of nearly 60,000 people. For more information, please visit www.mitsubishicorp.com.
Source: Mitsubishi Corporation
Mitsubishi Corporation Telephone:+81 3 3210 2171 Facsimile:+81 3 5252 7705
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