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  "documentTitle": "Kao Corporation (4452.JP)",
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  "presentationDate": "2025-02-26 00:00:00",
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  "notes": "The slide highlights a suspicious 'sudden' acquisition of skills by directors to meet governance requirements.",
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      "text": "Kao’s external directors are under-skilled with the relevant expertise to oversee a turnaround and overseas growth rollout in the Company’s core consumer products division. However, three of them suddenly developed new skills in the past twelve months to fill out the board skills matrix – including Global expertise.",
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      "text": "Kao's external directors are under-skilled with the relevant expertise to oversee a turnaround and overseas growth rollout in the Company's core consumer products division. However, three of them suddenly developed new skills in the past twelve months to fill out the board skills matrix – including Global expertise.",
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      "text": "We expect companies to... demonstrate the right and well-balanced skillset required for achieving sustainable growth of the company. — Guidelines for Exercising Voting Rights, (Japanese Equities) (Source)",
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      "text": "Skills matrix comparing 2024 AR and 2025 AGM for directors Shinobe, Nishii, Takashima, and Sakurai.",
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