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For Immediate Release

2017.05.11

Company name: DAIICHI SANKYO COMPANY, LIMITED
Representative: Sunao Manabe, Representative Director, President and COO
(Code no.: 4568, First Section, Tokyo Stock Exchange)
Please address inquiries to Noriaki Ishida, Executive Officer,
Vice President, Corporate Communications Department
Telephone: +81-3-6225-1126
http://www.daiichisankyo.com

Daiichi Sankyo Announces “Partial Amendment to the Articles of Incorporation” and “Election of a candidate for Member of the Audit and Supervisory Board”

Tokyo, Japan (May 11, 2017) – Daiichi Sankyo Company, Limited (hereafter, the Company) today announced that it resolved at the meeting of the Board of Directors held on May 11, 2017 to propose agendas “Partial Amendment to the Articles of Incorporation” and “Election of a Member of the Audit and Supervisory Board” at the 12th Ordinary General Meetings of Shareholders to be held on June 19, 2017.

 

1. Partial Amendment to the Articles of Incorporation

1)    Reason for the amendment

The Company intends to increase the number of Members of the Audit and Supervisory Board (Outside) by one (1) in order to enhance its audit structure. Accordingly, the maximum number of Members of the Audit and Supervisory Board specified in Article 28 of the Articles of Incorporation will be changed from four (4) to five (5).

 

2)    Detail of the proposed amendment
Detail of the proposed amendment is as follows:

(Underlined portions are amended)

Current Articles of Incorporation

Proposed Articles of Incorporation

Chapter 5

Member of the Audit and Supervisory Board and Audit and Supervisory Board

Article 28 (Number)

The number of Members of the Audit and Supervisory Board shall be four (4) or less.

Chapter 5

Member of the Audit and Supervisory Board  and Audit and Supervisory Board

Article 28 (Number)

The number of Members of the Audit and Supervisory Board shall be five (5) or less.

 

3)    Schedule
Ordinary General Meetings of Shareholders to approve the amendment: June 19, 2017 (plan)

Effective date of the amendment: June 19, 2017 (plan)

 

2. Election of a candidate for Member of the Audit and Supervisory Board

One (1) Member of Audit and Supervisory Board (Outside) to be increased aiming to enhance the audit and supervisory structure. The candidate is as follows:

 

1)  New Candidate for Member of the Audit and Supervisory Board (Outside)

Name

(Date of Birth)

Career Summary, Positions and Assignments

(As of May 11, 2017)

Number of

Shares of the Company Held

Sayoko Izumoto

(July 8, 1953)

March 1976

 

Joined Tohmatsu Awoki & Co. (currently “Deloitte Touche Tohmatsu LLC”)

0 Shares

March 1979

Registered as Certified Public Accountant

July 1995

 

Partner of Tohmatsu & Co. (currently “Deloitte Touche Tohmatsu LLC”)

January 2007

 

Member of Business Accounting Council, Financial Services Agency

January 2015

 

Member of Information and Communications Council, Ministry of Internal Affairs and Communications

August 2016

 

Representative, Izumoto Certified Public Accountant Office

April 2017

 

Member of Information Disclosure and Personal Information Protection Review Board, Ministry of Internal Affairs and Communications

 

Notes:

1.    There is no special conflict of interests between the candidate and the Company.

2.    The candidate, Sayoko Izumoto, is planned to be registered as an Independent Director to Tokyo Stock Exchange as she satisfies the Independence Criteria stipulated by Tokyo Stock Exchange.

3.    Outline of liability limitation agreement with the candidate of Member of the Audit and Supervisory Board (Outside)

With regard to liability for damages under Article 423, Paragraph 1 of the Companies Act, the Company plans to enter into agreements with the candidate for Member of the Audit and Supervisory Board (Outside) Sayoko Izumoto to limit her liabilities based on the Articles of Incorporation in the event that the case falls under the requirements defined in laws and ordinances (Liability Limitation Agreements) ; provided, however, that the maximum amount of liabilities under such agreement is the minimum liability amount as provided by applicable laws and ordinances.

 

2)  Reason for nomination as a candidate for Member of the Audit and Supervisory Board (Outside)

The Company nominated Sayoko Izumoto as a candidate for Member of the Audit and Supervisory Board because the Company would like her to apply her expertise and specialized knowledge in finance and accounting, which is supported by years of practical experience as a certified public accountant, to its audit activities.

 

Reference: Members of the Board, Members of the Audit and Supervisory Board after the election at the Ordinary General Meeting of Shareholdersas of June 19, 2017

 

Name

Positions and Assignments

George Nakayama

Representative Director, Chairman and CEO

Sunao Manabe

Representative Director, Member of the Board, President and COO

Kazunori Hirokawa

Representative Director, Member of the Board, Executive Vice President and CFO, Head of Corporate Strategy & Management Division

Toshiaki Sai

Member of the Board, Senior Executive Officer, Head of Global Brand Strategy Division

Katsumi Fujimoto

Member of the Board, Senior Executive Officer, Head of Supply Chain Division

Toshiaki Tojo

Member of the Board, Senior Executive Officer, In charge of Vaccine Business

Noritaka Uji

Member of the Board (Outside)

Hiroshi Toda

Member of the Board (Outside)

Naoki Adachi

Member of the Board (Outside)

Tsuguya Fukui

Member of the Board (Outside)

Hideyuki Haruyama

Member of the Audit and Supervisory Board

Kazuyuki Watanabe

Member of the Audit and Supervisory Board

Akiko Kimura

Member of the Audit and Supervisory Board (Outside)

Yutaka Katagiri

Member of the Audit and Supervisory Board (Outside)

Sayoko Izumoto

Member of the Audit and Supervisory Board (Outside)