On March 24, 2025, Kao Corporation announced the results of its 119th Annual General Meeting of Shareholders, which took place on March 21, 2025. During the meeting, shareholders voted on several proposals, including: 1) the revision of the Super Commercial Territory for Outside Directors, 2) the granting of post-performance stock compensation to outside directors, and 3) the approval of a Stock Compensation System for Directors Excluding Outside Directors. All of these proposals were rejected by the shareholders.
Additionally, the election of Yannis Skoufalos, Martha Velando, Lanchi Venator, High G Dineen, and Anja Lagodny to the board was also not approved by the shareholders.
