THE RICH Welcomes New Auditor and Transitions to Auditing Board Structure

THE RICH Announces New Auditor Appointment and Shift to an Auditing Board Structure

THE RICH, a company based in Shibuya, Tokyo, specializing in silk products under the brand "SILK THE RICH," has officially announced the appointment of Yoshiki Otagaki as their new auditor. Alongside this appointment, the company will be transitioning to an auditing board system to fortify its governance mechanisms.

With a vision to create truly delightful moments through the charm of silk, THE RICH is committed to enhancing the quality and sustainability of its operations. The decision to establish an auditing board arises from the need to strengthen oversight functions crucial for the company, particularly as it expands its business and organizational structure.

Purpose of Transitioning to an Auditing Board Structure

The shift to an auditing board is a strategic move that aims to enhance the supervisory capabilities overseeing the execution of duties by directors. By implementing this new structure, THE RICH intends to ensure stronger internal controls and compliance measures. This proactive approach highlights the company's commitment to achieving sustainable growth and constructing a robust governance framework.

Yoshiki Otagaki, in his acceptance speech as auditor, emphasized the increasing importance of corporate governance in today’s rapidly changing business environment. He remarked,

“I am honored to be appointed as an auditor. Given the significant challenges in modern corporate management, the role of corporate governance has never been more critical. I will diligently audit the execution of directors' duties from an independent and objective perspective, working towards ensuring transparency and soundness in management, ultimately contributing to the sustainable growth and enhancement of corporate value.”

He also expressed his dedication to meeting the expectations of shareholders and all stakeholders involved, promising to carry out his responsibilities with sincerity and integrity.

Profile of Yoshiki Otagaki

- Education: Graduated from the University of Tokyo’s Faculty of Law in 2010
- Legal Career: Completed law school at Tokyo Metropolitan University in 2013 and passed the bar exam the same year, becoming a registered attorney in 2014.
- Current Positions: Joined Shiba Law Office in 2015 (current role) and serves as an employee tax accountant at BatonOne Tax Corporation since 2022.

About THE RICH

- Company Name: THE RICH Co., Ltd.
- Headquarters: 1-15-6 Ebisu Nishi, Shibuya-ku, Tokyo
- CEO: Yuta Miura
- Website: THE RICH Official Site

THE RICH continues to thrive by offering exceptional silk products and remains dedicated to its mission of creating delightful experiences for customers. The company also encourages engagement through its official social media platforms, providing updates and insights into its innovative product offerings:

As THE RICH embraces this new chapter with enhanced governance structures, it reaffirms its commitment to deliver quality products while ensuring the trust and satisfaction of customers and stakeholders alike.