An entrusting financial instruments exchange must periodically report the status of business execution to the board, pursuant to the provisions of Cabinet Office Order.
The board may request the president, the directors and executive officers, and the managers and other employees of an entrusting financial instruments exchange to report the particulars of the execution of their duties.
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entrusting financial instruments exchange
「委託金融商品取引所」
A financial instruments exchange (金融商品取引所) that has entrusted its self-regulatory work (自主規制業務) to a self-regulatory organization (自主規制法人).
Defined inArticle 102-19, paragraph (1)· applies only in this chapter
board
「理事会」
In Chapter V, Section 2, Subsection 1-2, the board of a self-regulatory organization (自主規制法人).
Short name set inArticle 102-27, paragraph (1)· applies only in this subsection
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.