Article 428Special Provisions on Transactions Carried Out by Director for Themselves
第四百二十八条（取締役が自己のためにした取引に関する特則）
A director or executive officer who has carried out transactions under Article 356, paragraph (1), item (ii) (including cases of mutatis mutandis application under Article 419, paragraph (2)) (limited to transactions carried out for themselves) may not be exempted from the liability under Article 423, paragraph (1) for the reason that the neglect of their duties was due to grounds not attributable to relevant directors or executive officers.
第三百五十六条第一項第二号（第四百十九条第二項において準用する場合を含む。）の取引（自己のためにした取引に限る。）をした取締役又は執行役の第四百二十三条第一項の責任は、任務を怠ったことが当該取締役又は執行役の責めに帰することができない事由によるものであることをもって免れることができない。
The provisions of the preceding three Articles do not apply to the liability in the preceding paragraph.
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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.