Article 399-13Authority of the Board of Directors of a Company with Audit and Supervisory Committee
第三百九十九条の十三（監査等委員会設置会社の取締役会の権限）
The board of directors of a company with audit and supervisory committee performs the following duties notwithstanding of provisions of Article 362:
監査等委員会設置会社の取締役会は、第三百六十二条の規定にかかわらず、次に掲げる職務を行う。
deciding the following matters and execution of the operations of the company with audit and supervisory committee:
次に掲げる事項その他監査等委員会設置会社の業務執行の決定
basic management policy;
経営の基本方針
the matters prescribed by Ministry of Justice Order as those necessary for the execution of the duties of the audit and supervisory committee;
監査等委員会の職務の執行のため必要なものとして法務省令で定める事項
the development of systems necessary to ensure that the execution of the duties by the directors complies with the laws and regulations and the articles of incorporation, and other systems prescribed by Ministry of Justice Order as systems necessary to ensure the properness of operations of a stock company and of operations of a group of enterprises consisting of the stock company and its subsidiary companies;
取締役の職務の執行が法令及び定款に適合することを確保するための体制その他株式会社の業務並びに当該株式会社及びその子会社から成る企業集団の業務の適正を確保するために必要なものとして法務省令で定める体制の整備
supervising the execution of duties by directors; and
取締役の職務の執行の監督
appointing and removing representative directors.
代表取締役の選定及び解職
The board of directors of a company with audit and supervisory committee must determine matters set forth in item (i), (a) through (c) of the preceding paragraph.
監査等委員会設置会社の取締役会は、前項第一号イからハまでに掲げる事項を決定しなければならない。
The board of directors of a company with audit and supervisory committee must appoint representative directors from among the directors (excluding directors who are audit and supervisory committee members).
監査等委員会設置会社の取締役会は、取締役（監査等委員である取締役を除く。）の中から代表取締役を選定しなければならない。
The board of directors of a company with audit and supervisory committee may not delegate the decision on the execution of the following matters and other important operations to directors:
監査等委員会設置会社の取締役会は、次に掲げる事項その他の重要な業務執行の決定を取締役に委任することができない。
the disposal of and acceptance of transfer of important assets;
重要な財産の処分及び譲受け
borrowing in a significant amount;
多額の借財
the appointment and dismissal of an important employee including managers;
支配人その他の重要な使用人の選任及び解任
the establishment, changes or abolition of important structures including branch offices;
支店その他の重要な組織の設置、変更及び廃止
matters set forth in Article 676, item (i) and other matters prescribed by Ministry of Justice Order as important matters regarding the solicitation of persons who subscribe bonds; and
第六百七十六条第一号に掲げる事項その他の社債を引き受ける者の募集に関する重要な事項として法務省令で定める事項
exemption from liability under Article 423, paragraph (1) pursuant to provisions of the articles of incorporation under the provisions of Article 426, paragraph (1).
第四百二十六条第一項の規定による定款の定めに基づく第四百二十三条第一項の責任の免除
Notwithstanding the provisions of the preceding paragraph, if a majority of directors of a company with audit and supervisory committee are outside directors, the board of directors of the company with audit and supervisory committee may delegate the decision on execution of important operations to directors by its resolution; provided, however, that this does not apply to the following matters:
前項の規定にかかわらず、監査等委員会設置会社の取締役の過半数が社外取締役である場合には、当該監査等委員会設置会社の取締役会は、その決議によって、重要な業務執行の決定を取締役に委任することができる。ただし、次に掲げる事項については、この限りでない。
decisions under Article 136 or Article 137, paragraph (1), and the designation under the provisions of Article 140, paragraph (4);
decisions on the matters set forth in each item of Article 156, paragraph (1) applied pursuant to Article 165, paragraph (3) following the deemed replacement of terms;
decisions under Article 262 or Article 263, paragraph (1);
第二百六十二条又は第二百六十三条第一項の決定
decisions on the matters set forth in each item of Article 298, paragraph (1);
第二百九十八条第一項各号に掲げる事項の決定
decisions on the content of proposals to be submitted to a shareholders meeting (excluding those regarding the election and dismissal of financial auditors and the refusal to reelect financial auditors);
株主総会に提出する議案（会計監査人の選任及び解任並びに会計監査人を再任しないことに関するものを除く。）の内容の決定
delegation pursuant to the provisions of Article 348-2, paragraph (1);
第三百四十八条の二第一項の規定による委託
determination of matters specified in Article 361, paragraph (7) pursuant to that paragraph;
第三百六十一条第七項の規定による同項の事項の決定
approval under Article 356, paragraph (1) applied pursuant to Article 365, paragraph (1) following the deemed replacement of terms;
第三百六十五条第一項において読み替えて適用する第三百五十六条第一項の承認
designation of the directors to call the board of directors meeting pursuant to the provisions of the proviso to Article 366, paragraph (1);
第三百六十六条第一項ただし書の規定による取締役会を招集する取締役の決定
designation of a person to represent the company with audit and supervisory committee pursuant to the provisions of Article 399-7, paragraph (1), item (i);
第三百九十九条の七第一項第一号の規定による監査等委員会設置会社を代表する者の決定
matters set forth in item (vi) of the preceding paragraph;
前項第六号に掲げる事項
decisions on the contents of indemnity agreements (meaning indemnity agreements provided in Article 430-2, paragraph (1); the same applies in Article 416, paragraph 4, item (xiv));
補償契約（第四百三十条の二第一項に規定する補償契約をいう。第四百十六条第四項第十四号において同じ。）の内容の決定
decisions on the contents of officer indemnification insurance policies (meaning officer indemnification insurance policies provided in Article 430-3, paragraph (1); the same applies in Article 416, paragraph (4), item (xv));
役員等賠償責任保険契約（第四百三十条の三第一項に規定する役員等賠償責任保険契約をいう。第四百十六条第四項第十五号において同じ。）の内容の決定
approvals under Article 436, paragraph (3), Article 441, paragraph (3) and Article 444, paragraph (5);
decisions on the matters to be decided pursuant to the provisions of Article 454, paragraph (1) applied pursuant to paragraph (5) of the same Article following the deemed replacement of terms;
第四百五十四条第五項において読み替えて適用する同条第一項の規定により定めなければならないとされる事項の決定
decisions on the contents of contracts relating to the acts set forth in each item of Article 467, paragraph (1) (excluding those which do not require approval by a resolution at a shareholders meeting of the company with audit and supervisory committee);
第四百六十七条第一項各号に掲げる行為に係る契約（当該監査等委員会設置会社の株主総会の決議による承認を要しないものを除く。）の内容の決定
decisions on the content of merger agreements (excluding those which do not require approval by a resolution at a shareholders meeting of the company with audit and supervisory committee);
合併契約（当該監査等委員会設置会社の株主総会の決議による承認を要しないものを除く。）の内容の決定
decisions on the content of absorption-type company split agreements (excluding those which do not require approval by a resolution at a shareholders meeting of the company with audit and supervisory committee);
吸収分割契約（当該監査等委員会設置会社の株主総会の決議による承認を要しないものを除く。）の内容の決定
decisions on the content of incorporation-type company split plans (excluding those which do not require approval by a resolution at a shareholders meeting of the company with audit and supervisory committee);
新設分割計画（当該監査等委員会設置会社の株主総会の決議による承認を要しないものを除く。）の内容の決定
decisions on the content of share exchange agreements (excluding those which do not require approval by a resolution at a shareholders meeting of the company with audit and supervisory committee);
株式交換契約（当該監査等委員会設置会社の株主総会の決議による承認を要しないものを除く。）の内容の決定
decisions on the contents of share transfer plans; and
株式移転計画の内容の決定
decisions on the content of partial share exchange plans (excluding those which do not require approval by a resolution at a shareholders meeting of the company with audit and supervisory committee).
株式交付計画（当該監査等委員会設置会社の株主総会の決議による承認を要しないものを除く。）の内容の決定
Notwithstanding the provisions of the preceding two paragraphs, a company with audit and supervisory committee may stipulate in the articles of incorporation that all or part of decisions of execution of important operations (excluding matters set forth in items of the preceding paragraph) to delegate directors by the resolution of the board of directors meeting.
前二項の規定にかかわらず、監査等委員会設置会社は、取締役会の決議によって重要な業務執行（前項各号に掲げる事項を除く。）の決定の全部又は一部を取締役に委任することができる旨を定款で定めることができる。
Read this with the articles around it
subsidiary company
「子会社」
A stock company in which a company holds a majority of the votes, or any other corporation whose management a company controls, as set out by Ministry of Justice Order (法務省令).
Defined inArticle 2, paragraph (1), item (iii)· applies throughout the law
company with audit and supervisory committee
「監査等委員会設置会社」
A stock company that has an audit and supervisory committee, made up of directors.
Defined inArticle 2, paragraph (1), item (xi-2)· applies throughout the law
outside director
「社外取締役」
A director of a stock company who meets all the independence requirements in Article 2, item (xv), such as not running, and not having run in the previous ten years, the business of the company or its subsidiaries.
Defined inArticle 2, paragraph (1), item (xv)· applies throughout the law
bond
「社債」
A money claim against a company, arising from an allotment the company makes under this Act, that is to be repaid according to the terms set under Article 676.
Defined inArticle 2, paragraph (1), item (xxiii)· applies throughout the law
audit and supervisory committee membermachine translation
「監査等委員」
A member of the audit and supervisory committee of a company with audit and supervisory committee.
Defined inArticle 38, paragraph (2)
representative director
「代表取締役」
A director who represents a stock company, acting in its name toward everyone else.
Defined inArticle 47, paragraph (1)
indemnity agreement
「補償契約」
An agreement by which a stock company promises to cover all or part of an officer's costs of dealing with suspected breaches of law or claims against them, or losses from compensating third parties, whose terms must be decided by the shareholders meeting or board of directors.
Defined inArticle 399-13, paragraph (5), item (xii)· applies only in this provision and in Article 416, paragraph (4), item (xiv)
officers, etc. indemnification insurance policy
「役員等賠償責任保険契約」
An insurance contract a stock company (株式会社) concludes with an insurer, insuring its directors, accounting advisors, company auditors, executive officers and financial auditor (役員等), under which the insurer covers the loss they may suffer from being liable for how they carried out their duties or from a claim seeking that liability, other than contracts a Ministry of Justice Order (法務省令) excludes as unlikely to seriously harm the proper performance of those duties.
Defined inArticle 399-13, paragraph (5), item (xiii)· applies only in this provision and in Article 416, paragraph (4), item (xv)
articles of incorporation
定款
A company's own basic rules, written by its founders when it is formed: at least its purpose, its trade name, where its head office is, the value of the property contributed at incorporation and who the founders are (Companies Act, Article 27). A stock company's must be certified by a notary before it takes effect (Article 30, paragraph (1)), and can later be changed by a resolution of the shareholders meeting (Article 466). Many rules in the Act apply "unless the articles of incorporation provide otherwise", so a company's articles decide a great deal of how the Act applies to it.
Written by AI using Companies Act, Arts. 26, 27, 30, 466, 575 as a reference.
board of directors
取締役会
The body made up of all of a stock company's directors (Companies Act, Article 362, paragraph (1)). It decides how the company's business is carried out, supervises the directors, and appoints and removes the representative directors (代表取締役) (Article 362, paragraphs (2) and (3)) — except in a company with a nominating committee and the other committees (指名委員会等設置会社), where it appoints representative executive officers (代表執行役) instead (Articles 416 and 420). Some decisions, such as disposing of important assets or borrowing a large amount, it normally may not hand to the directors (Article 362, paragraph (4)). A company with an audit and supervisory committee (監査等委員会設置会社) can hand more of them to directors (Article 399-13, paragraphs (5) and (6)), and a company with the committees hands them to executive officers (執行役) rather than directors (Article 416, paragraphs (3) and (4)). A company chooses in its articles of incorporation whether to have one (Article 326, paragraph (2)), but a public company (公開会社), among others, must (Article 327, paragraph (1)): a public company is one whose articles of incorporation let at least some of its shares change hands without the company's approval (Article 2, item (v)). A company with a board must have at least three directors (Article 331, paragraph (5)).
Written by AI using Companies Act, Arts. 2, 326, 327, 331, 362, 399-13, 416, 420 as a reference.
director
取締役
An officer of a stock company, elected by the shareholders meeting (Companies Act, Article 329, paragraph (1)). Every stock company has at least one (Article 326, paragraph (1)). Where there is no board of directors, the directors run the company's business unless the articles of incorporation say otherwise (Article 348, paragraph (1)), and each of them represents it unless the company has chosen representative directors (代表取締役) or others to do that (Article 349, paragraphs (1) and (3)). Where there is a board (取締役会, board of directors), the directors are its members, and the board decides the business and normally chooses the representative directors from among them (Article 362). The term normally runs to the annual shareholders meeting for the last business year ending within two years of election (Article 332, paragraph (1)).
Written by AI using Companies Act, Arts. 326, 329, 332, 348, 349, 362 as a reference.
shareholders meeting
株主総会
The meeting of a stock company's shareholders, and the body through which they decide the company's basic matters. It elects the directors and company auditors (Companies Act, Article 329, paragraph (1)) and changes the articles of incorporation (Article 466). In a company without a board of directors it may decide any matter about the company; in one with a board, only what the Act or the articles of incorporation leave to it (Article 295). An annual shareholders meeting must be called after the end of every business year, and another may be called whenever needed (Article 296). A resolution normally passes by a majority of the votes present, with holders of a majority of the votes entitled to vote attending (Article 309, paragraph (1)).
Written by AI using Companies Act, Arts. 295, 296, 309, 329, 466 as a reference.