(1) The board of directors may establish committees within the board, as prescribed by the articles of incorporation.
(2) The board of directors may delegate to the committees its power other than the following matters:
1. Proposal of matters subject to approval at a general meeting of shareholders;
2. Appointment or dismissal of the representative director;
3. Establishment of committees and appointment or dismissal of their members;
4. Other matters as prescribed by the articles of incorporation.
(3) The committee shall be composed of two or more directors.
(4) The committee shall notify each director of the resolutions it has adopted. In such cases, any of the directors may, upon receipt of the notification, request the convocation of a meeting of the board of directors, and the board of directors may adopt, once again, the resolutions of the committee.
(5) The provisions of Articles 386 (1), 390, 391, 391-3, and 392 shall apply mutatis mutandis with respect to committees.[This Article Newly Inserted by Act No. 6086, Dec. 31, 1999]