News Details

2023.11.15

【Company Secretary】Dismissal of Directors

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ARK Outsourcing KK provides one-stop service mainly to Japanese branches or subsidiaries of foreign-based companies.
In this article, we will introduce the basic information about making English company documents such as articles of incorporation or meeting minutes in a dialogue style. The contents of this article are based on our discussions in the internal study group.

Characters:
Ken (male):      
Ken is 22 years old. He listens to radio English programs for 15 minutes every day.

Emma (female):  
Emma is 34 years old. She wants to go to Anpanman Museum.

George (male):   
George is 46 years old. He will enjoy reading this winter vacation.


Ken: 
Emma, this is secret, but I’ve been using ChatGPT4. It’s a paid version. To my surprise, it chalked up a high score on the Japanese medical licensing exams. Isn’t it amazing? If Artificial General Intelligence (AGI) comes to us in the future, I’m sure that I’ll enjoy it every day.

Emma:
That’s for amusement, astonishment, or accomplishment. Anyway, let’s get back to the point.
ChatGPT is a popular language model developed by OpenAI. It was released in November 2022, and many companies are starting to use and integrate it into business. Also, you know the news that Sam Altman, the CEO of OpenAI, has returned within a week after being fired. George, do you know the procedure for the dismissal of directors in Japan?

George:
When directors leave office, there are three cases: resignation, termination of office, and dismissal. Companies can dismiss directors at any time before the expiration of the term of office upon the resolution of the general meeting of shareholders. However, if there is no justifiable reason, the company must indemnify for damages.

Conclusion
 In this article, we mentioned “Dismissal of Directors.” 
Please note that this article only introduces general outlines and does not include professional advice. So please make sure not to make any decisions without taking professional advice individually. If you have any questions, please feel free to contact us.

(Reference / in Japanese)
  Companies Act Article 339

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