Notice Concerning Partial Amendment of Articles of Incorporation

At its Board of Directors meeting held today, Funai Electric Co., Ltd. (hereinafter “the Company”) resolved to discuss the following partial amendment to the Articles of Incorporation at the 58th annual Ordinary General Meeting of Shareholders scheduled to be held on June 22, 2010.

 

1.Reasons for the Amendment

(1) The Company will establish new provisions and make the necessary changes pertaining to corporate auditors and the Audit Committee, in order to transfer its management structure from a Company with Committees to a Company with an Audit Committee.
(2) The Company will establish new provisions based on the system for exemption from liability of directors and other executive officers provided in Article 426 and Article 427 of the Companies Act, which will enable the corporate auditors to sufficiently demonstrate their expected role.

 

2. Details of the Proposed Amendment

The details of the proposed amendment are described in the separate attachment.

 

3. Schedule

Ordinary General Meeting of Shareholders to amend
 the Articles of Incorporation                                            　　　　    June 22, 2010
Effective date of amendment of the Articles of Incorporation             June 22, 2010

INQUIRIES ABOUT THIS PRESS RELEASE
Naoyuki Takanaka
Investor / Public Relations Department
TEL:+81-72-870-4395

 

Notice Concerning Partial Amendment of Articles of Incorporation [PDF:100KB]