Appointment of an independent auditor
May 8, 2007SOFTBANK CORP. (hereafter “SOFTBANK”) announces that its board of directors passed a resolution today to submit the “Request to appoint an independent auditor” for approval to the 27th annual meeting of shareholders of SOFTBANK scheduled to be held on June 22, 2007. The details are as follows. Moreover, the board of auditors concurs on this matter.
1. Reason for the appointment
ChuoAoyama PricewaterhouseCoopers (changed its name to “MISUZU Audit Corporation” as of September 1, 2006) was suspended from its business by order of the Financial Services Agency on May 10, 2006, for a period of two months from July 1, 2006 to August 31, 2006. Accordingly, ChuoAoyama PricewaterhouseCoopers lost its qualification and resigned as SOFTBANK’s independent auditor as of July 1, 2006.
In order to avoid the absence of independent auditor and to ensure continuous audit, in line with Article 346-4 and 346-6 of the Company Law, SOFTBANK’s board of auditors appointed Deloitte Touche Tohmatsu as its temporary independent auditor on July 3.
Deloitte Touche Tohmatsu’s term of office as temporary independent auditor will expire at the conclusion of the 27th annual meeting of shareholders, to be held on June 22, 2007. In order to ensure continuous audit the board of directors resolved to request approval that Deloitte Touche Tohmatsu be appointed independent auditor at this annual meeting of shareholders.
2. Name of the candidate independent auditor
| Name | Deloitte Touche Tohmatsu |
|---|---|
| Location | MS Shibaura Bldg., 4-13-23 Shibaura, Minato-ku, Tokyo |
3. Date of the change
June 22, 2007 (27th annual meeting of shareholders scheduled)
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