Report on the 591st Meeting of the Board of Directors 13 June 2016 No. 16-007 Download PDF (185KB) The 591st Meeting of the Association’s Board of Directors was held at Kaiun Club, Tokyo on 13 June 2016.   The main decisions of the Meeting are as follows:-   1. The 66th Ordinary General Meeting of the Members   The Board approved the convening of the 66th Ordinary General Meeting of the Members at Kaiun Club, Tokyo at 11:20 on 11 July 2016.   2. Agenda of the 66th Ordinary General Meeting of the Members   The Board approved the following report and proposals for inclusion in the agenda of the Ordinary General Meeting.   Report： The Business Report for the 66th business year (from 1 April 2015 to 31 March 2016);   Proposals： 1.  To approve an Inventory, Balance Sheet, Income and Expenditure Account and proposals for the treatment of the deficit for the 66th business year (from 1 April 2015 to 31 March 2016);   2.   To elect Members to the Board of Directors, and to appoint Auditors;   3.   To approve the paymentof retirement bonus to retiring directors;   4.  To authorise the Board of Directors to implement decisions taken at the General Meeting of the Members;   Further details of the above items can be found in the “Notice of the Ordinary General Meeting of the Members to be held on 11 July 2016”, which will be sent to the Members under a separate mail, together with enclosures.   The highlights of the closing accounts for the 2015 business year (this year) are scheduled for inclusion in the agenda at the forthcoming Ordinary General Meeting and are as follows :   This year, the Association posted a net loss of JPY133 million. This net loss was caused by a decrease of the net premium written, which was mainly due to the reduction in the supplementary call for the 2014 policy year to 20% from the scheduled 40%. Despite a small net loss, the level of reserves, which may be used as a