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  "documentTitle": "Kao Corporation (4452.JP)",
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      "text": "We think the current incentive plan does not enhance corporate value.",
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      "text": "Most concerning, President Hasebe's position on the Compensation Advisory Committee creates a clear conflict of interest in the setting and oversight of long-term incentives critical to driving Kao's revival.",
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      "text": "Most concerning, President Hasebe's position on the Compensation Advisory Committee creates a clear conflict of interest in the setting and oversight of long-term incentives critical to driving Kao's revival.",
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