Article 417Operations of the Board of Directors of Companies with a Nominating Committee
第四百十七条（指名委員会等設置会社の取締役会の運営）
At a company with nominating committee, etc., even if there are provisions for a convenor, persons appointed by the nominating committee, etc. from among their committee members may call the board of directors meeting.
指名委員会等設置会社においては、招集権者の定めがある場合であっても、指名委員会等がその委員の中から選定する者は、取締役会を招集することができる。
Executive officers may demand that the directors under paragraph (1), item (i), (d) of the preceding Article call the board of directors meeting by indicating to those directors the matters that are the purpose of the board of directors meeting. In these cases, if a notice of calling of the board of directors meeting which designates as the day of the board of directors meeting a day falling within two weeks from the day of the demand is not dispatched within five days from the day of relevant demand, relevant executive officers may call the board of directors meeting.
執行役は、前条第一項第一号ニの取締役に対し、取締役会の目的である事項を示して、取締役会の招集を請求することができる。この場合において、当該請求があった日から五日以内に、当該請求があった日から二週間以内の日を取締役会の日とする取締役会の招集の通知が発せられないときは、当該執行役は、取締役会を招集することができる。
The persons appointed by the nominating committee, etc. from among the committee members must report the status of the execution of the duties of relevant nominating committee, etc. to the board of directors meeting without delay.
指名委員会等がその委員の中から選定する者は、遅滞なく、当該指名委員会等の職務の執行の状況を取締役会に報告しなければならない。
The executive officers must report the status of the execution of their duties to the board of directors meeting at least once every three months. In these cases, executive officers may submit relevant reports through their agents (limited to other executive officers).
執行役は、三箇月に一回以上、自己の職務の執行の状況を取締役会に報告しなければならない。この場合において、執行役は、代理人（他の執行役に限る。）により当該報告をすることができる。
If requested by the board of directors, executive officers must attend the board of directors meeting and provide explanations on the matters requested by the board of directors.
執行役は、取締役会の要求があったときは、取締役会に出席し、取締役会が求めた事項について説明をしなければならない。
Read this with the articles around it
(Authority of Board of Directors of Companies with a Nominating Committee)
deciding on the following matters and on the execution of other operations of the company with nominating committee, etc.:
次に掲げる事項その他指名委員会等設置会社の業務執行の決定
Open this provisionnominating committees, etc.machine translation
「指名委員会等」
The three committees of a company with nominating committee, etc.: its nominating committee, audit committee and remuneration committee.
Short name set inArticle 2, paragraph (1), item (xii)
company with nominating committee, etc.machine translation
「指名委員会等設置会社」
A stock company with a nominating committee, an audit committee and a remuneration committee, each made up of directors.
Defined inArticle 2, paragraph (1), item (xii)· applies throughout the law
convenor
「招集権者」
The director, or liquidator, designated in the articles of incorporation or by the board to call meetings of the board of directors, or of the board of liquidators.
Short name set inArticle 366, paragraph (2)· applies only in this chapter
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.