The audit and supervisory committee is organized by all audit and supervisory committee members.
監査等委員会は、全ての監査等委員で組織する。
Audit and supervisory committee members must be directors.
監査等委員は、取締役でなければならない。
The audit and supervisory committee performs the following duties:
監査等委員会は、次に掲げる職務を行う。
audit of execution of duties of directors (in cases of a company with accounting advisor, directors and accounting advisors) and preparation of audit report;
取締役（会計参与設置会社にあっては、取締役及び会計参与）の職務の執行の監査及び監査報告の作成
determination of the content of proposals regarding the election and dismissal of a financial auditor and the refusal to reelect a financial auditor to be submitted to a shareholders meeting; and
株主総会に提出する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議案の内容の決定
determination of opinions of the audit and supervisory committee prescribed in Article 342-2, paragraph (4) and Article 361, paragraph (6).
第三百四十二条の二第四項及び第三百六十一条第六項に規定する監査等委員会の意見の決定
If audit and supervisory committee members make the following requests to a company with audit and supervisory committee with respect to the execution of their duties (limited to those related to the execution of duties of audit and supervisory committee; hereinafter the same applies in this paragraph), the company with audit and supervisory committee may not refuse the request except if it proves that the expense or debt relating to the request is not necessary for the execution of the duties of the audit and supervisory committee members:
監査等委員がその職務の執行（監査等委員会の職務の執行に関するものに限る。以下この項において同じ。）について監査等委員会設置会社に対して次に掲げる請求をしたときは、当該監査等委員会設置会社は、当該請求に係る費用又は債務が当該監査等委員の職務の執行に必要でないことを証明した場合を除き、これを拒むことができない。
requests for advancement of the expenses;
費用の前払の請求
request for the indemnification of the expenses paid and interests thereon from and including the day of payment; or
支出をした費用及び支出の日以後におけるその利息の償還の請求
requests for payment (or, if relevant debt is not yet due, the provision of reasonable security) to the creditor of a debt incurred.
負担した債務の債権者に対する弁済（当該債務が弁済期にない場合にあっては、相当の担保の提供）の請求
Read this with the articles around it
company with accounting advisor
「会計参与設置会社」
A stock company that has an accounting advisor, an officer who prepares the financial statements jointly with the directors.
Defined inArticle 2, paragraph (1), item (viii)· 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
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)
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.