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Key Takeaways
- Metaplanet Inc. will hold its 27th Ordinary General Meeting of Shareholders on March 25, 2026.
- The company plans to transition to a governance structure with three committees.
- Ten new Directors are proposed, and a representative executive officer will be appointed.
Metaplanet Inc. has confirmed that its 27th Ordinary General Meeting of Shareholders will take place on Wednesday, March 25, 2026. The announcement follows prior disclosure in a notice dated January 27, 2026.
At a board meeting held recently, the company resolved to submit the proposals at the meeting. These proposals outline key governance changes and appointments. Shareholders will vote on these matters during the General Meeting.
The company emphasized that the general meeting will mark an important step in updating its corporate structure. All current directors and statutory auditors will conclude their terms at the end of the meeting.
Metaplanet Moves to Three-Committee Structure
Metaplanet intends to change its structure to a company with Three Committees. This structure will comprise a nomination committee, an audit committee, and a Compensation Committee. However, the change is still pending approval at the general meeting.
Metaplanet announced the candidates for directors and the representative executive officer after the change. Once the general meeting approves the decisions, shareholders will elect the Directors. Furthermore, the Board of Directors will appoint the Representative Executive Officer the next day, on March 25.
This change is a move towards global best practices. It is a move towards better governance and a more transparent company. Three main decisions will be made at the General Meeting. Proposal No. 1 is the change to the company with Three Committees. Proposal No. 2 is the election of ten Directors. This is a result of the expiration of the term for the nine Directors and the three Statutory Auditors.
Shareholders to Vote on Directors and Auditor Rules
Proposal No. 3 deals with the partial amendment to the Articles of Incorporation regarding the restriction of liability of the accounting auditor. The company issued separate detailed announcements to describe all of these proposals. The appendix includes career descriptions of the ten candidates for the position of Director.
Shareholders can refer to these descriptions and make their decisions accordingly. The appointment of new Directors and the Representative Executive Officer will be effective immediately after the General Meeting.
Metaplanet’s Board of Directors emphasized that these processes are a part of the modernization of the company’s governance and will contribute to the long-term development of the company. By adopting a three-committee system, the company aims to strike a balance.
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