Directors' terms of office continue until the conclusion of the annual shareholders meeting for the last business year which ends within two years from the time of their election; provided, however, that this does not preclude the shortening the term of the directors by the articles of incorporation or by the resolution of the shareholders meeting.
取締役の任期は、選任後二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の時までとする。ただし、定款又は株主総会の決議によって、その任期を短縮することを妨げない。
The provisions of the preceding paragraph do not preclude a stock company which is not a public company (excluding a company with audit and supervisory committee and company with nominating committee, etc.) from extending, by the articles of incorporation, the term of office under that paragraph until the conclusion of the annual shareholders meeting for the last business year which ends within ten years from the time of the election.
前項の規定は、公開会社でない株式会社（監査等委員会設置会社及び指名委員会等設置会社を除く。）において、定款によって、同項の任期を選任後十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の時まで伸長することを妨げない。
With regard to application of the provisions of paragraph (1) to directors (excluding those who are the audit and supervisory committee members) of a company with audit and supervisory committee, the term "two years" in the same paragraph is deemed to be replaced with "one year".
監査等委員会設置会社の取締役（監査等委員であるものを除く。）についての第一項の規定の適用については、同項中「二年」とあるのは、「一年」とする。
The provisions of the proviso to paragraph (1) do not apply to the terms of office of directors who are the audit and supervisory committee members.
The provisions of the main clause of paragraph (1) do not preclude to stipulate by articles of incorporation that the term of office of the director who is an audit and supervisory committee member and elected as substitute for a director who is an audit and supervisory committee and retired before expiry of its term of office is to be by the time when the term of office of the retired director who was an audit and supervisory committee member expires.
For the purpose of the application of the provisions under paragraph (1) to the directors of a company with nominating committee, etc., the term "two years" in that paragraph is deemed to be replaced with as "one year".
指名委員会等設置会社の取締役についての第一項の規定の適用については、同項中「二年」とあるのは、「一年」とする。
Notwithstanding the provisions of the preceding paragraphs, if any of the following amendments in the articles of incorporation is made, the directors' term of office expires when relevant amendment in the articles of incorporation takes effect:
前各項の規定にかかわらず、次に掲げる定款の変更をした場合には、取締役の任期は、当該定款の変更の効力が生じた時に満了する。
an amendment in the articles of incorporation to the effect that an audit and supervisory committee or nominating committee, etc. is established;
監査等委員会又は指名委員会等を置く旨の定款の変更
an amendment in the articles of incorporation to repeal the provisions of the articles of incorporation to the effect that an audit and supervisory committee or nominating committee, etc. is established; or
監査等委員会又は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
an amendment in the articles of incorporation to repeal the provisions of the articles of incorporation to the effect that, as a feature of all shares the stock company issues, the approval of the stock company is required for the acquisition of relevant shares by transfer (excluding an amendment made by a company with audit and supervisory committee and company with nominating committee, etc.).
その発行する株式の全部の内容として譲渡による当該株式の取得について当該株式会社の承認を要する旨の定款の定めを廃止する定款の変更（監査等委員会設置会社及び指名委員会等設置会社がするものを除く。）
Read this with the articles around it
Directors' Terms of Office
Directors' terms of office continue until the conclusion of the annual shareholders meeting for the last business year which ends within two years from the time of their election; provided, however…
取締役の任期は、選任後二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の時までとする。ただし、定款又は株主総会の決議によって、その任期を短縮することを妨げない。
Open this provisionDirectors' Terms of Office
The provisions of the preceding paragraph do not preclude a stock company which is not a public company (excluding a company with audit and supervisory committee and company with nominating…
前項の規定は、公開会社でない株式会社（監査等委員会設置会社及び指名委員会等設置会社を除く。）において、定款によって、同項の任期を選任後十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の時まで伸長することを妨げない。
Open this provisionDirectors' Terms of Office
With regard to application of the provisions of paragraph (1) to directors (excluding those who are the audit and supervisory committee members) of a company with audit and supervisory committee…
監査等委員会設置会社の取締役（監査等委員であるものを除く。）についての第一項の規定の適用については、同項中「二年」とあるのは、「一年」とする。
Open this provisionDirectors' Terms of Office
The provisions of the proviso to paragraph (1) do not apply to the terms of office of directors who are the audit and supervisory committee members.
監査等委員である取締役の任期については、第一項ただし書の規定は、適用しない。
Open this provisionDirectors' Terms of Office
The provisions of the main clause of paragraph (1) do not preclude to stipulate by articles of incorporation that the term of office of the director who is an audit and supervisory committee member…
第一項本文の規定は、定款によって、任期の満了前に退任した監査等委員である取締役の補欠として選任された監査等委員である取締役の任期を退任した監査等委員である取締役の任期の満了する時までとすることを妨げない。
Open this provisionDirectors' Terms of Office
For the purpose of the application of the provisions under paragraph (1) to the directors of a company with nominating committee, etc., the term "two years" in that paragraph is deemed to be replaced…
指名委員会等設置会社の取締役についての第一項の規定の適用については、同項中「二年」とあるのは、「一年」とする。
Open this provisionpublic company
「公開会社」
A stock company whose articles of incorporation do not require the company's approval for transfers of at least some of its shares; it need not be listed on a stock exchange.
Defined inArticle 2, paragraph (1), item (v)· 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
nominating 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
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)
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.
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.