Supplementary Provisions, Article 7Transitional Measures on the Term of Office of Company Auditors
第七条（監査役の任期に関する経過措置）
The provisions then in force continue to govern, after this Act comes into effect, the term of office of a company auditor of a stock company existing at the time this Act comes into effect who is in office before the close of the ordinary general meeting concerning the first account closing day to arrive after this Act comes into effect.
この法律の施行の際現に存する株式会社の監査役でこの法律の施行後最初に到来する決算期に関する定時総会の終結前に在任するものの任期に関しては、この法律の施行後も、なお従前の例による。
company auditor
監査役
An officer of a stock company, elected by the shareholders meeting (Companies Act, Article 329, paragraph (1)), whose job is to audit how the directors carry out their duties and to write an audit report on it (Article 381, paragraph (1)). Not an outside accountant — that is the financial auditor (会計監査人) — and not a director: a company auditor may not also be a director or employee of the company or its subsidiaries (Article 335, paragraph (2)). The term normally runs to the annual shareholders meeting for the last business year ending within four years of election (Article 336, paragraph (1)).
Written by AI using Companies Act, Arts. 329, 335, 336, 381 as a reference.