Article 416Authority of Board of Directors of Companies with a Nominating Committee
第四百十六条（指名委員会等設置会社の取締役会の権限）
The board of directors of a company with nominating committee, etc. performs the following duties notwithstanding the provisions of Article 362:
指名委員会等設置会社の取締役会は、第三百六十二条の規定にかかわらず、次に掲げる職務を行う。
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
basic management policy;
経営の基本方針
the matters prescribed by Ministry of Justice Order as those necessary for the execution of the duties of the audit committee;
監査委員会の職務の執行のため必要なものとして法務省令で定める事項
if there are two or more executive officers, matters regarding the interrelationship between executive officers including the division of duties between executive officers and hierarchy of commands of executive officers;
執行役が二人以上ある場合における執行役の職務の分掌及び指揮命令の関係その他の執行役相互の関係に関する事項
the directors to receive requests for the calling of board of directors meeting pursuant to the provisions of paragraph (2) of the following Article; or
次条第二項の規定による取締役会の招集の請求を受ける取締役
the development of systems necessary to ensure that the execution of duties by executive officers complies with laws and regulations and the articles of incorporation, and other systems prescribed by Ministry of Justice Order as systems necessary to ensure the properness of operations of a stock company and of operations of a group of enterprises consisting of the stock company and its subsidiary companies;
執行役の職務の執行が法令及び定款に適合することを確保するための体制その他株式会社の業務並びに当該株式会社及びその子会社から成る企業集団の業務の適正を確保するために必要なものとして法務省令で定める体制の整備
the supervision of the execution of duties by executive officers, etc.
執行役等の職務の執行の監督
The board of directors of a company with nominating committee, etc. must decide the matters set forth in item (i), (a) through item (i), (e) of the preceding paragraph.
指名委員会等設置会社の取締役会は、前項第一号イからホまでに掲げる事項を決定しなければならない。
The board of directors of a company with nominating committee, etc. may not delegate the execution of the duties set forth in each item of paragraph (1) to directors.
指名委員会等設置会社の取締役会は、第一項各号に掲げる職務の執行を取締役に委任することができない。
The board of directors of a company with nominating committee, etc. may delegate decisions on the execution of the operations of the company with nominating committee, etc. to executive officers by its resolution; provided, however, that this does not apply to the following matters:
指名委員会等設置会社の取締役会は、その決議によって、指名委員会等設置会社の業務執行の決定を執行役に委任することができる。ただし、次に掲げる事項については、この限りでない。
decisions under Article 136 or Article 137, paragraph (1), and the designation under the provisions of Article 140, paragraph (4);
decisions on the matters set forth in each item of Article 156, paragraph (1) applied pursuant to Article 165, paragraph (3) following the deemed replacement of terms;
decisions under Article 262 or Article 263, paragraph (1);
第二百六十二条又は第二百六十三条第一項の決定
decisions on the matters set forth in each item of Article 298, paragraph (1);
第二百九十八条第一項各号に掲げる事項の決定
decisions on the contents of proposals to be submitted to a shareholders meeting (excluding those regarding the election and dismissal of directors, accounting advisors and financial auditors and the refusal to reelect financial auditors);
株主総会に提出する議案（取締役、会計参与及び会計監査人の選任及び解任並びに会計監査人を再任しないことに関するものを除く。）の内容の決定
delegation pursuant to the provisions of Article 348-2, paragraph (2);
第三百四十八条の二第二項の規定による委託
approval under Article 356, paragraph (1) applied pursuant to Article 365, paragraph (1) following the deemed replacement of terms (including as applied mutatis mutandis pursuant to Article 419, paragraph (2) following the deemed replacement of terms);
第三百六十五条第一項において読み替えて適用する第三百五十六条第一項（第四百十九条第二項において読み替えて準用する場合を含む。）の承認
designation of the directors to call the board of directors meeting pursuant to the provisions of the proviso to Article 366, paragraph (1);
第三百六十六条第一項ただし書の規定による取締役会を招集する取締役の決定
appointment of the committee members pursuant to the provisions of Article 400, paragraph (2) and removal of committee members pursuant to the provisions of Article 401, paragraph (1);
election of executive officers pursuant to the provisions of Article 402, paragraph (2) and dismissal of executive officers pursuant to the provisions of Article 403, paragraph (1);
designation of a person to represent the company with nominating committee, etc. pursuant to the provisions of Article 408, paragraph (1), item (i);
第四百八条第一項第一号の規定による指名委員会等設置会社を代表する者の決定
appointment of representative executive officers pursuant to the provisions of the first sentence of Article 420, paragraph (1) and removal of representative executive officers pursuant to the provisions of paragraph (2) of the same Article;
exemption from liability under Article 423, paragraph (1) pursuant to the provisions of the articles of incorporation under the provisions of Article 426, paragraph (1);
第四百二十六条第一項の規定による定款の定めに基づく第四百二十三条第一項の責任の免除
decisions on the contents of indemnity agreements;
補償契約の内容の決定
decisions on the contents of officer indemnification insurance policies ;
役員等賠償責任保険契約の内容の決定
approvals under Article 436, paragraph (3), Article 441, paragraph (3) and Article 444, paragraph (5);
decisions on the matters to be decided pursuant to the provisions of Article 454, paragraph (1) applied pursuant to paragraph (5) of the same Article following the deemed replacement of terms;
第四百五十四条第五項において読み替えて適用する同条第一項の規定により定めなければならないとされる事項の決定
decisions on the contents of contracts relating to the acts set forth in each item of Article 467, paragraph (1) (excluding those which do not require approval by a resolution at a shareholders meeting of the company with nominating committee, etc.);
第四百六十七条第一項各号に掲げる行為に係る契約（当該指名委員会等設置会社の株主総会の決議による承認を要しないものを除く。）の内容の決定
decisions on the contents of merger agreements (excluding those which do not require approval by a resolution at a shareholders meeting of relevant company with nominating committee, etc.);
合併契約（当該指名委員会等設置会社の株主総会の決議による承認を要しないものを除く。）の内容の決定
decisions on the contents of absorption-type company split agreements (excluding those which do not require approval by a resolution at a shareholders meeting of relevant company with nominating committee, etc.);
吸収分割契約（当該指名委員会等設置会社の株主総会の決議による承認を要しないものを除く。）の内容の決定
decisions on the contents of incorporation-type company split plans (excluding those which do not require approval by a resolution at a shareholders meeting of relevant company with nominating committee, etc.);
新設分割計画（当該指名委員会等設置会社の株主総会の決議による承認を要しないものを除く。）の内容の決定
decisions on the contents of share exchange agreements (excluding those which do not require approval by a resolution at a shareholders meeting of relevant company with nominating committee, etc.);
株式交換契約（当該指名委員会等設置会社の株主総会の決議による承認を要しないものを除く。）の内容の決定
decisions on the contents of share transfer plans; and
株式移転計画の内容の決定
decisions on the content of partial share exchange plans (excluding those which do not require approval by a resolution at a shareholders meeting of the company with nominating committee, etc.).
株式交付計画（当該指名委員会等設置会社の株主総会の決議による承認を要しないものを除く。）の内容の決定
Read this with the articles around it
(Requests for Approval by Shareholders)
If shareholders of shares with restriction on transfer intend to transfer the shares with restriction on transfer held by the same to others…
譲渡制限株式の株主は、その有する譲渡制限株式を他人（当該譲渡制限株式を発行した株式会社を除く。）に譲り渡そうとするときは、当該株式会社に対し、当該他人が当該譲渡制限株式を取得することについて承認をするか否かの決定をすることを請求することができる。
Open this provision(Request for Approval by Acquirers of Shares)
Acquirers of shares who have acquired shares with restriction on transfer may request that the stock company make a determination as to whether or not to approve the acquisition of relevant shares…
譲渡制限株式を取得した株式取得者は、株式会社に対し、当該譲渡制限株式を取得したことについて承認をするか否かの決定をすることを請求することができる。
Open this provision(Purchase by Stock Company or Designated Purchaser)
Notwithstanding the provisions of paragraph (1), in the cases provided for in that paragraph, a stock company may designate a person to purchase some or all of the subject shares…
第一項の規定にかかわらず、同項に規定する場合には、株式会社は、対象株式の全部又は一部を買い取る者（以下この款において「指定買取人」という。）を指定することができる。
Open this provision(Determination of Matters Regarding Acquisition of Shares)
A stock company must prescribe the following matters by a resolution at a shareholders meeting in advance in order to acquire for value own shares by agreement with its shareholders; provided…
株式会社が株主との合意により当該株式会社の株式を有償で取得するには、あらかじめ、株主総会の決議によって、次に掲げる事項を定めなければならない。ただし、第三号の期間は、一年を超えることができない。
Open this provisionIf the provisions of the articles of incorporation under the provisions of the preceding paragraph is created, for the purpose of the application of the provisions of Article 156, paragraph (1)…
前項の規定による定款の定めを設けた場合における第百五十六条第一項の規定の適用については、同項中「株主総会」とあるのは、「株主総会（第百六十五条第一項に規定する場合にあっては、株主総会又は取締役会）」とする。
Open this provision(Requests for Approval by Share Option Holders)
If share option holders with restriction on transfer intend to transfer share options with restriction on transfer held by the same to others…
譲渡制限新株予約権の新株予約権者は、その有する譲渡制限新株予約権を他人（当該譲渡制限新株予約権を発行した株式会社を除く。）に譲り渡そうとするときは、当該株式会社に対し、当該他人が当該譲渡制限新株予約権を取得することについて承認をするか否かの決定をすることを請求することができる。
Open this provision(Request for Approval by Acquirers of Share Options)
Acquirers of share options who have acquired share options with restriction on transfer may request that the stock company make a determination as to whether or not to approve the acquisition of…
譲渡制限新株予約権を取得した新株予約権取得者は、株式会社に対し、当該譲渡制限新株予約権を取得したことについて承認をするか否かの決定をすることを請求することができる。
Open this provision(Determination of Calling a Shareholders Meeting)
Directors (in cases where shareholders call a shareholders meeting pursuant to the provisions of paragraph (4) of the preceding Article, relevant shareholders; the same applies in the main clause of…
取締役（前条第四項の規定により株主が株主総会を招集する場合にあっては、当該株主。次項本文及び次条から第三百二条までにおいて同じ。）は、株主総会を招集する場合には、次に掲げる事項を定めなければならない。
Open this provision(Delegation of Execution of Operations to Outside Directors)
If there is a conflict of interests between a company with nominating committee, etc. and its executive officers or there is otherwise a likelihood that the interests of shareholders will be…
指名委員会等設置会社と執行役との利益が相反する状況にあるとき、その他執行役が指名委員会等設置会社の業務を執行することにより株主の利益を損なうおそれがあるときは、当該指名委員会等設置会社は、その都度、取締役会の決議によって、当該指名委員会等設置会社の業務を執行することを社外取締役に委託することができる。
Open this provision(Restrictions on Competition and Conflicting Interest Transactions)
In the following cases, a director must disclose the material facts on the relevant transactions at a shareholders meeting and obtain approval of the shareholders meeting:
取締役は、次に掲げる場合には、株主総会において、当該取引につき重要な事実を開示し、その承認を受けなければならない。
Open this provision(Authority of Board of Directors)
Board of directors is composed of all directors.
取締役会は、すべての取締役で組織する。
Open this provision(Restrictions on Competition and Transactions with Companies with Board of Directors)
For the purpose of the application of the provisions of Article 356 to a company with board of directors, the term "shareholders meeting" in paragraph (1) of that Article is deemed to be replaced…
取締役会設置会社における第三百五十六条の規定の適用については、同条第一項中「株主総会」とあるのは、「取締役会」とする。
Open this provision(Convenor)
A board of directors meetings is called by any director; provided, however, that, if the director to call the board of directors meetings is designated by the articles of incorporation or the board…
取締役会は、各取締役が招集する。ただし、取締役会を招集する取締役を定款又は取締役会で定めたときは、その取締役が招集する。
Open this provision(Appointment of Committee Members)
The committee members of each committee are appointed from among the directors by a resolution at the board of directors meeting.
各委員会の委員は、取締役の中から、取締役会の決議によって選定する。
Open this provision(Removal of Committee Members)
The committee members of each committee may be removed at any time by a resolution at the board of directors meeting.
各委員会の委員は、いつでも、取締役会の決議によって解職することができる。
Open this provision(Election of Executive Officers)
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。
Open this provision(Dismissal of Executive Officers)
Executive officers may be dismissed at any time by a resolution at the board of directors meeting.
執行役は、いつでも、取締役会の決議によって解任することができる。
Open this provision(Representation of Company in Actions between a Company with Nominating Committee and Executive Officers or Directors)
if audit committee members are the party to the suit relating to that action:the person designated by the board of directors…
監査委員が当該訴えに係る訴訟の当事者である場合 取締役会が定める者（株主総会が当該訴えについて指名委員会等設置会社を代表する者を定めた場合にあっては、その者）
Open this provision(Authority of Board of Directors of Companies with a Nominating Committee)
The board of directors of a company with nominating committee, etc. performs the following duties notwithstanding the provisions of Article 362:
指名委員会等設置会社の取締役会は、第三百六十二条の規定にかかわらず、次に掲げる職務を行う。
Open this provision(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 provision(Operations of the Board of Directors of Companies with a Nominating Committee)
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…
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。
Open this provision(Executive Officer's Duty to Report to Audit Committee Members)
The provisions of Article 355, Article 356 and Article 365, paragraph (2) apply mutatis mutandis to executive officers.
第三百五十五条、第三百五十六条及び第三百六十五条第二項の規定は、執行役について準用する。この場合において、第三百五十六条第一項中「株主総会」とあるのは「取締役会」と、第三百六十五条第二項中「取締役会設置会社においては、第三百五十六条第一項各号」とあるのは「第三百五十六条第一項各号」と読み替えるものとする。
Open this provision(Representative Executive Officers)
Board of directors must appoint representative executive officers from among the executive officers. In these cases, if there is only one executive officer…
取締役会は、執行役の中から代表執行役を選定しなければならない。この場合において、執行役が一人のときは、その者が代表執行役に選定されたものとする。
Open this provision(Representative Executive Officers)
A representative executive officer may be removed at any time by a resolution at the board of directors meeting.
代表執行役は、いつでも、取締役会の決議によって解職することができる。
Open this provision(Liability of Officers to Stock Companies for Damages)
If a director, accounting advisor, company auditor, executive officer or financial auditor (hereinafter in this Chapter referred to as "officers, etc.") neglects their duties…
取締役、会計参与、監査役、執行役又は会計監査人（以下この章において「役員等」という。）は、その任務を怠ったときは、株式会社に対し、これによって生じた損害を賠償する責任を負う。
Open this provision(Provisions of Articles of Incorporation on Exemption by Directors)
Notwithstanding the provisions of Article 424, companies with company auditor (limited to cases where there are two or more directors), companies with audit and supervisory committee…
第四百二十四条の規定にかかわらず、監査役設置会社（取締役が二人以上ある場合に限る。）、監査等委員会設置会社又は指名委員会等設置会社は、第四百二十三条第一項の責任について、当該役員等が職務を行うにつき善意でかつ重大な過失がない場合において、責任の原因となった事実の内容…
Open this provision(Audit of Financial Statements)
At companies with board of directors, the financial statements, business reports, and annexed detailed statements accompanying them which are referred to in paragraph (2) of the preceding Article…
取締役会設置会社においては、前条第二項の計算書類及び事業報告並びにこれらの附属明細書（第一項又は前項の規定の適用がある場合にあっては、第一項又は前項の監査を受けたもの）は、取締役会の承認を受けなければならない。
Open this provision(Provisional Financial Statements)
At companies with board of directors, provisional financial statements (or, if the provisions of the preceding paragraph apply, the statements audited under that paragraph) must be approved by the…
取締役会設置会社においては、臨時計算書類（前項の規定の適用がある場合にあっては、同項の監査を受けたもの）は、取締役会の承認を受けなければならない。
Open this provisionIf a company with financial auditor is a company with board of directors, the consolidated financial statements audited as provided for in the preceding paragraph must be approved by the board of…
会計監査人設置会社が取締役会設置会社である場合には、前項の監査を受けた連結計算書類は、取締役会の承認を受けなければならない。
Open this provision(Decisions on Matters Regarding Dividends of Surplus)
Whenever a stock company intends to distribute dividends of surplus pursuant to the provisions of the preceding Article, it must specify the following matters by a resolution at a shareholders…
株式会社は、前条の規定による剰余金の配当をしようとするときは、その都度、株主総会の決議によって、次に掲げる事項を定めなければならない。
Open this provision(Decisions on Matters Regarding Dividends of Surplus)
A company with board of directors may provide in the articles of incorporation that it may distribute a dividend of surplus only once during a business year by a resolution of the board of directors…
取締役会設置会社は、一事業年度の途中において一回に限り取締役会の決議によって剰余金の配当（配当財産が金銭であるものに限る。以下この項において「中間配当」という。）をすることができる旨を定款で定めることができる。
Open this provision(Approval of Transfers of Business)
If a stock company intends to commit any of the following acts, it must obtain the approval of the contracts relating to the acts by the resolution at the shareholders meeting no later than the day…
株式会社は、次に掲げる行為をする場合には、当該行為がその効力を生ずる日（以下この章において「効力発生日」という。）の前日までに、株主総会の決議によって、当該行為に係る契約の承認を受けなければならない。
Open this provisionsubsidiary company
「子会社」
A stock company in which a company holds a majority of the votes, or any other corporation whose management a company controls, as set out by Ministry of Justice Order (法務省令).
Defined inArticle 2, paragraph (1), item (iii)· applies throughout the law
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
indemnity agreement
「補償契約」
An agreement by which a stock company promises to cover all or part of an officer's costs of dealing with suspected breaches of law or claims against them, or losses from compensating third parties, whose terms must be decided by the shareholders meeting or board of directors.
Defined inArticle 399-13, paragraph (5), item (xii)· applies only in this provision and in Article 416, paragraph (4), item (xiv)
officers, etc. indemnification insurance policy
「役員等賠償責任保険契約」
An insurance contract a stock company (株式会社) concludes with an insurer, insuring its directors, accounting advisors, company auditors, executive officers and financial auditor (役員等), under which the insurer covers the loss they may suffer from being liable for how they carried out their duties or from a claim seeking that liability, other than contracts a Ministry of Justice Order (法務省令) excludes as unlikely to seriously harm the proper performance of those duties.
Defined inArticle 399-13, paragraph (5), item (xiii)· applies only in this provision and in Article 416, paragraph (4), item (xv)
executive officers, etc.machine translation
「執行役等」
In a company with nominating committee, etc., its executive officers and directors, and its accounting advisors too if it has them: the people whose work the audit committee audits.
Defined inArticle 404, paragraph (2), item (i)· applies only in this section
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.
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.
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.