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  "documentTitle": "Kao Corporation (4452.JP)",
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  "notes": "The chart highlights Kao's current board size of 8 versus a proposed post-AGM size of 14.",
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      "text": "FMCG peers commonly have boards larger than Kao's current size. Indeed, Kao's small Board failed in preventing several years of underperformance and strategic errors. Global peers have welcomed a large majority of outside directors meaning not only a stronger independent counterweight, but significantly greater scope to introduce strategic skills onto the board.",
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      "text": "Room for both Oasis and Kao nominees",
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