A company with nominating committee, etc. must have one or more executive officers.
指名委員会等設置会社には、一人又は二人以上の執行役を置かなければならない。
An executive officer is elected by a resolution at the board of directors meeting.
執行役は、取締役会の決議によって選任する。
The relationship between a company with nominating committee, etc. and its executive officers is governed by the provisions on mandate.
指名委員会等設置会社と執行役との関係は、委任に関する規定に従う。
The provisions of Article 331, paragraph (1) and Article 331-2 apply mutatis mutandis to executive officers.
第三百三十一条第一項及び第三百三十一条の二の規定は、執行役について準用する。
A stock company may not provide in the articles of incorporation that the executive officers must be shareholders;provided, however, that this does not apply to a company with nominating committee, etc. that is not a public company.
株式会社は、執行役が株主でなければならない旨を定款で定めることができない。ただし、公開会社でない指名委員会等設置会社については、この限りでない。
An executive officer may act concurrently as a director.
執行役は、取締役を兼ねることができる。
An executive officer's term of office continues until the conclusion of the first board of directors meeting called after the conclusion of the annual shareholders meeting for the last business year ending within one year from the time of their election;provided, however, that this does not preclude the shortening the executive officer's term of office by the articles of incorporation.
執行役の任期は、選任後一年以内に終了する事業年度のうち最終のものに関する定時株主総会の終結後最初に招集される取締役会の終結の時までとする。ただし、定款によって、その任期を短縮することを妨げない。
Notwithstanding the provisions of the preceding paragraph, if a company with nominating committee, etc. makes any amendment in the articles of incorporation to repeal the provisions of the articles of incorporation to the effect that a nominating committee, etc. is established, the executive officer's term of office expires when the amendment in the articles of incorporation takes effect.
前項の規定にかかわらず、指名委員会等設置会社が指名委員会等を置く旨の定款の定めを廃止する定款の変更をした場合には、執行役の任期は、当該定款の変更の効力が生じた時に満了する。