Its chairman, David F. M. Todd, testified against the changes before the Charter Commission, however.
This summer, the chairman of the Federal Reserve, Ben Bernanke, testified that the economic fallout would be "catastrophic."
But in 1991, its chairman, Edgar Bronfman Sr., testified before the F.E.C. against any such limitation.
The chairman of the shareholders' committee, Robert Norris, testified that the accord "represented the best compromise we could get."
This was after the former chairman of the parent company testified before Parliament that a Recruit employee had approached Mr. Miyazawa's aide.
The chairman of the Federal Reserve has testified before Congress that tax cuts often come too late to stimulate economic recovery.
But the Administration will not make the report public or allow the board's chairman, Anthony Harrington, to testify about its contents under oath.
Former chairmen rarely testify in public on applications before the commission.
"I am comfortable," the new chairman testified, "with these projections."
American Airlines' chairman will testify in the trial of charges brought by Continental and Northwest over pricing.