Hokoku Life Insurance Co., Ltd. Announces 115th Shareholders' Meeting Resolution Approving Directors' Competitive Activities
Key facts
- Hokoku Life Insurance Co., Ltd. Announces 115th Shareholders' Meeting Resolution Approving Directors' Competitive Activities
- At its 115th shareholders' meeting, Hokoku Life Insurance approved lifting competitive restrictions for two directors representing BNP Paribas Assurance Holding, allowing them to hold positions in similar insurance businesses. The resolution passed under Article 209 of the Company Act with strong shareholder support.
- Source: PR Times
- Date: June 15, 2026
Direct answer
At its 115th shareholders' meeting, Hokoku Life Insurance approved lifting competitive restrictions for two directors representing BNP Paribas Assurance Holding, allowing them to hold positions in similar insurance businesses. The resolution passed under Article 209 of the Company Act with strong shareholder support.
- Citation
- Hokoku Life Insurance Co., Ltd. Announces 115th Shareholders' Meeting Resolution Approving Directors' Competitive Activities (June 15, 2026), PR Times
- Source
- PR Times
- Date
- June 15, 2026
At its 115th shareholders' meeting, Hokoku Life Insurance approved lifting competitive restrictions for two directors representing BNP Paribas Assurance Holding, allowing them to hold positions in similar insurance businesses. The resolution passed under Article 209 of the Company Act with strong shareholder support.
📋 Article Processing Timeline
- 📰 Published: June 15, 2026 at 09:00
- 🔍 Collected: June 16, 2026 at 17:00 (32h 0m after Published)
- 🤖 AI Analyzed: June 16, 2026 at 18:34 (1h 34m after Collected)
1. Shareholders' meeting resolution date: 115/06/15
2. Names and titles of directors permitted to engage in competitive activities:
Wu Ji-Ze / Representative of BNP Paribas Assurance Holding (French company)
Bi Jiong-Hua / Representative of BNP Paribas Assurance Holding (French company)
3. Permitted competitive activities:
Holding positions in companies engaged in businesses identical or similar to those of the company.
4. Duration of permitted competitive activities:
During the term of serving as directors of the company.
5. Voting outcome (as required by Article 209 of the Company Act):
The resolution was approved with over two-thirds of the total issued voting shares present, and more than two-thirds of the voting rights of attending shareholders in favor.
6. Directors engaging in competitive activities related to enterprises in Mainland China (if not applicable, state 'N/A'):
N/A
7. Company name and position held in Mainland China enterprise:
N/A
8. Address of the Mainland China enterprise:
N/A
9. Business scope of the Mainland China enterprise:
N/A
10. Impact on the company's financial and operational status:
N/A
11. If directors have invested in Mainland China enterprises, investment amount and shareholding ratio:
N/A
12. Other matters to be disclosed:
None
2. Names and titles of directors permitted to engage in competitive activities:
Wu Ji-Ze / Representative of BNP Paribas Assurance Holding (French company)
Bi Jiong-Hua / Representative of BNP Paribas Assurance Holding (French company)
3. Permitted competitive activities:
Holding positions in companies engaged in businesses identical or similar to those of the company.
4. Duration of permitted competitive activities:
During the term of serving as directors of the company.
5. Voting outcome (as required by Article 209 of the Company Act):
The resolution was approved with over two-thirds of the total issued voting shares present, and more than two-thirds of the voting rights of attending shareholders in favor.
6. Directors engaging in competitive activities related to enterprises in Mainland China (if not applicable, state 'N/A'):
N/A
7. Company name and position held in Mainland China enterprise:
N/A
8. Address of the Mainland China enterprise:
N/A
9. Business scope of the Mainland China enterprise:
N/A
10. Impact on the company's financial and operational status:
N/A
11. If directors have invested in Mainland China enterprises, investment amount and shareholding ratio:
N/A
12. Other matters to be disclosed:
None
FAQ
Why was the non-compete restriction lifted for directors?
To maintain strategic oversight by BNP Paribas representatives, approved under Article 209 with shareholder consent.
Does this affect the company's financials?
No impact is expected, as internal controls prevent conflicts of interest and information leakage.
Will similar cases occur in the future?
Likely only for foreign partner representatives, not for independent or local directors.