Mitsubishi : Partial Amendment to the Articles of Incorporation

Mitsubishi Corporation has announced that at a regular meeting of the Board of Directors held on May 15, 2015, a resolution was passed to submit a motion for seeking the approval of partial amendment to the Articles of Incorporation to the Ordinary General Meeting of Shareholders for the fiscal year ended March 31, 2015, scheduled to be held on June 19, 2015. Details are as follows:

1．Reasons for the Changes
(1) Due to reshaping of the business of Mitsubishi Corporation such as diversification of earnings models and types of operation, the Board proposes that the following Paragraph 1 will be added to Article 2 (Objectives of the Company) of the present Articles of Incorporation and the current Objectives of the Company will be updated, restructured and rearranged as Paragraph 2 of Article 2 of the Articles of Incorporation.
(2) In response to the enactment of "the Act for Partial Amendment of the Companies Act" (Act No. 90 of 2014), the Board proposes that Article 25 (Reduction in Liabilities of Directors) and Article 32 (Reduction in Liabilities of Corporate Auditors) of the present Articles of Incorporation will be amended to change Directors and Corporate Auditors with whom Mitsubishi Corporation may conclude an agreement to limit their liabilities to Mitsubishi Corporation to Directors excluding those serving as executive directors, etc. and Corporate Auditors as well as to change the amount of their total maximum liabilities to be provided in such agreement to the amount set forth by relevant laws and ordinances. In order to refer the proposal of the amendments to Article 25 of the present Articles of Incorporation to the General Meeting of Shareholders, all necessary consents have already been obtained from each of the Corporate Auditors.

2．Contents of the Changes
The details of the amendments to Article 2, Article 25, and Article 32 are shown as underlined in the attachment. As for Article 2, the underlined parts include addition, change, deletion, restructure and rearrangement of the Objectives of the Company.

3. Schedule
Date of the Ordinary General Meeting of Shareholders to approve the amendments to Articles of Incorporation: June 19, 2015
Effective date of the amendments to Articles of Incorporation: June 19, 2015

• Attachment(140KB)