Article 347Election of Directors or Company Auditors at General Meeting of Class Shareholders
第三百四十七条（種類株主総会における取締役又は監査役の選任等）
For the purpose of the application of the provisions of Article 329, paragraph (1), Article 332, paragraph (1), Article 339, paragraph (1), Article 341, and Article 344-2, paragraphs (1) and (2) to the cases where it issues shares of a class for which there is the provisions with respect to the matters set forth in Article 108, paragraph (1), item (ix) (limited to those relating to directors (in cases of a company with audit and supervisory committee, directors who are audit and supervisory committee members or other directors)),the term "shareholders meeting" in Article 329, paragraph (1) is deemed to be replaced with "shareholders meeting (or, for directors (in cases of a company with audit and supervisory committee, directors who are audit and supervisory committee members or other directors; hereinafter the same applies in this paragraph), general meeting of class shareholders constituted by the class shareholders of each class of shares in accordance with the applicable provisions of the articles of incorporation on the matters prescribed in Article 108, paragraph (2), item (ix))";the phrase "by a resolution at a shareholders meeting" in Article 332, paragraph (1) and Article 339, paragraph (1) is deemed to be replaced with "by a resolution at a shareholders meeting (or, for directors (in cases of a company with audit and supervisory committee, directors who are audit and supervisory committee members or other directors) elected pursuant to the provisions of Article 41, paragraph (1), or at an organizational meeting of class shareholders under Article 90, paragraph (1) or a general meeting of class shareholders under Article 329, paragraph (1) applied following the deemed replacement of terms pursuant to the provisions of Article 347, paragraph (1), general meeting of class shareholders constituted by the class shareholders of shares of the class relating to the election of relevant director (or shareholders meeting if it is otherwise provided in the articles of incorporation, or if, before the expiration of the term of office of relevant director, there are no longer any shareholders entitled to exercise votes at relevant general meeting of class shareholders))"; the phrase "Article 309, paragraph (1)" in Article 341 is deemed to be replaced with "Article 309, paragraph (1) and Article 324"; and the term "shareholders meeting" in Article 341 is deemed to be replaced with "shareholders meeting (including the general meeting of class shareholders under Article 329, paragraph (1) and Article 339, paragraph (1) applied following the deemed replacement of terms pursuant to the provisions of Article 347, paragraph (1))"; and the term "shareholders meeting" in Article 344-2, paragraphs (1) and (2) is deemed to be replaced with "general meeting of class shareholders set forth in Article 329, paragraph (1) as applied following the deemed replacement of terms pursuant to the provisions of Article 347, paragraph (1)".
第百八条第一項第九号に掲げる事項（取締役（監査等委員会設置会社にあっては、監査等委員である取締役又はそれ以外の取締役）に関するものに限る。）についての定めがある種類の株式を発行している場合における第三百二十九条第一項、第三百三十二条第一項、第三百三十九条第一項、第三百四十一条並びに第三百四十四条の二第一項及び第二項の規定の適用については、第三百二十九条第一項中「株主総会」とあるのは「株主総会（取締役（監査等委員会設置会社にあっては、監査等委員である取締役又はそれ以外の取締役）については、第百八条第二項第九号に定める事項についての定款の定めに従い、各種類の株式の種類株主を構成員とする種類株主総会）」と、第三百三十二条第一項及び第三百三十九条第一項中「株主総会の決議」とあるのは「株主総会（第四十一条第一項の規定により又は第九十条第一項の種類創立総会若しくは第三百四十七条第一項の規定により読み替えて適用する第三百二十九条第一項の種類株主総会において選任された取締役（監査等委員会設置会社にあっては、監査等委員である取締役又はそれ以外の取締役。以下この項において同じ。）については、当該取締役の選任に係る種類の株式の種類株主を構成員とする種類株主総会（定款に別段の定めがある場合又は当該取締役の任期満了前に当該種類株主総会において議決権を行使することができる株主が存在しなくなった場合にあっては、株主総会））の決議」と、第三百四十一条中「第三百九条第一項」とあるのは「第三百九条第一項及び第三百二十四条」と、「株主総会」とあるのは「株主総会（第三百四十七条第一項の規定により読み替えて適用する第三百二十九条第一項及び第三百三十九条第一項の種類株主総会を含む。）」と、第三百四十四条の二第一項及び第二項中「株主総会」とあるのは「第三百四十七条第一項の規定により読み替えて適用する第三百二十九条第一項の種類株主総会」とする。
For the purpose of the application of the provisions of Article 329, paragraph (1), Article 339, paragraph (1), Article 341 and Article 343, paragraph (1) and (2) to the cases where it issues shares of a class for which there is the provisions with respect to the matters set forth in Article 108, paragraph (1), item (ix) (limited to those relating to company auditors), the term "shareholders meeting" in Article 329, paragraph (1) is deemed to be replaced with "shareholders meeting (or, for company auditors, general meeting of class shareholders constituted by the class shareholders of each class of shares in accordance with the applicable provisions of the articles of incorporation on the matters prescribed in Article 108, paragraph (2), item (ix))"; the term "the shareholders meeting" in Article 339, paragraph (1) is deemed to be replaced with "shareholders meeting (or, for company auditors elected pursuant to the provisions of Article 41, paragraph (1) applied mutatis mutandis under paragraph (3) of that Article, or at an organizational meeting of class shareholders under Article 90, paragraph (1) applied mutatis mutandis under paragraph (2) of that Article or at a general meeting of class shareholders under Article 329, paragraph (1) applied following the deemed replacement of terms pursuant to the provisions of Article 347, paragraph (2), general meeting of class shareholders constituted by the class shareholders of shares of the class relating to the election of relevant company auditor (or shareholders meeting if it is otherwise provided in the articles of incorporation, or if, before the expiration of the term of office of relevant company auditor, there are no longer any shareholders entitled to exercise votes at relevant general meeting of class shareholders))"; the phrase "Article 309, paragraph (1)" in Article 341 is deemed to be replaced with "Article 309, paragraph (1) and Article 324"; the term "shareholders meeting" in Article 341 is deemed to be replaced with "shareholders meeting (including the general meeting of class shareholders under Article 329, paragraph (1) applied following the deemed replacement of terms pursuant to the provisions of Article 347, paragraph (2))" ; and the term "shareholders meeting" in Article 343, paragraphs (1) and (2) is deemed to be replaced with "general meeting of class shareholders under Article 329, paragraph (1) applied following the deemed replacement of terms pursuant to the provisions of Article 347, paragraph (2)".
第百八条第一項第九号に掲げる事項（監査役に関するものに限る。）についての定めがある種類の株式を発行している場合における第三百二十九条第一項、第三百三十九条第一項、第三百四十一条並びに第三百四十三条第一項及び第二項の規定の適用については、第三百二十九条第一項中「株主総会」とあるのは「株主総会（監査役については、第百八条第二項第九号に定める事項についての定款の定めに従い、各種類の株式の種類株主を構成員とする種類株主総会）」と、第三百三十九条第一項中「株主総会」とあるのは「株主総会（第四十一条第三項において準用する同条第一項の規定により又は第九十条第二項において準用する同条第一項の種類創立総会若しくは第三百四十七条第二項の規定により読み替えて適用する第三百二十九条第一項の種類株主総会において選任された監査役については、当該監査役の選任に係る種類の株式の種類株主を構成員とする種類株主総会（定款に別段の定めがある場合又は当該監査役の任期満了前に当該種類株主総会において議決権を行使することができる株主が存在しなくなった場合にあっては、株主総会））」と、第三百四十一条中「第三百九条第一項」とあるのは「第三百九条第一項及び第三百二十四条」と、「株主総会」とあるのは「株主総会（第三百四十七条第二項の規定により読み替えて適用する第三百二十九条第一項の種類株主総会を含む。）」と、第三百四十三条第一項及び第二項中「株主総会」とあるのは「第三百四十七条第二項の規定により読み替えて適用する第三百二十九条第一項の種類株主総会」とする。
Read this with the articles around it
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
class shareholders
「種類株主」
A shareholder holding a particular class of shares in a company with class shares.
Defined inArticle 2, paragraph (1), item (xiv)
general meeting of class shareholders
「種類株主総会」
A meeting of the shareholders who hold a particular class of shares in a company with class shares.
Defined inArticle 2, paragraph (1), item (xiv)· 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)
organizational meeting of class shareholdersmachine translation
「種類創立総会」
A meeting of the shareholders at incorporation who hold one class of the shares issued at incorporation, whose resolution may be needed as well as the organizational meeting's.
Defined inArticle 84, paragraph (1)
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.
company auditor
監査役
An officer of a stock company, elected by the shareholders meeting (Companies Act, Article 329, paragraph (1)), whose job is to audit how the directors carry out their duties and to write an audit report on it (Article 381, paragraph (1)). Not an outside accountant — that is the financial auditor (会計監査人) — and not a director: a company auditor may not also be a director or employee of the company or its subsidiaries (Article 335, paragraph (2)). The term normally runs to the annual shareholders meeting for the last business year ending within four years of election (Article 336, paragraph (1)).
Written by AI using Companies Act, Arts. 329, 335, 336, 381 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.