Tokyo Commodity Exchange: Decisions Made By The Extraordinary General Meeting - Exchange To Demutualise

The Extraordinary General Meeting held on July 29th decided to change the structure of our Exchange from a membership organization to a stock company (demutualization).

Based on the approval from the Ministry of Economy, Trade and Industry (METI), The Tokyo Commodity Exchange (TOCOM) will become the first for-profit commodity exchange in Japan on December 1st, 2008.         

As a result of the demutualization, we anticipate that the speed of our decision-making process increases as well as flexible fund raising becomes feasible.

The list of 10 Directors in total after the demutualization is, as follows
(in alphabetical order by last names);

Fumio Arai
Toshihiko Fukui                                                                                                                                                 Kazuhito Ikeo
Mikio Kawamura
Mitsuo Minami
Umetaro Nagao
Masaaki Nangaku
Hiroyuki Takai
Jitsuo Tatara     
Eiji Ueda