On February 25, 2025, Oasis Management Company Ltd. announced that it has adopted the Japan FSA?s ?Principles for Responsible Institutional Investors? (a/k/a Japan?s Stewardship Code) and in line with those principles, Oasis Management monitors and engages with its investee companies. Oasis Management stated that it nominates 5 independent candidates, Yannis Skoufalos, Martha Velando, Lanchi Venator, Hugh Dineen, and Anja Lagodny, to add to Kao Corporation?s Board at its upcoming AGM on March 21, 2025.
Oasis Management expressed its view that with a forward-thinking Board, a clear strategic vision, and aligned incentives, Kao Corporation can be a global leader in the Cosmetics and Health & Beauty industry. Oasis Management also encourages shareholders to vote for its proposed revised compensation plan to align management?s incentives with Company performance. Oasis Management stated that its proposals will bring the Company?s governance in line with its global competitors, offering shareholders a no-risk opportunity for meaningful improvement.
