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  "documentTitle": "Oasis Fujitec Presentation December 2022",
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  "presentationDate": "2022-12-01 00:00:00",
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  "notes": "The slide uses a timeline to show the progression of the investigation and a list to detail the lack of independence of the committee members.",
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      "text": "Pre-Determined Results for Investigations",
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      "text": "Looking at the Committee established by the Company, we note that: Where a third-party committee has been established in Japan, the committee has always been made up of individuals that are both independent of the company and each other. There are two Nagashima Ohno & Tsunematsu (\"NO&T\") members on the Committee - Hideaki Kobayashi has led corporate crisis team at NO&T of which Tomohiro HEN is also a member. The two NO&T members constitute a majority of the Committee, which limits the effectiveness and independence of this Committee. This is even more concerning as Hideaki Kobayashi is also the Committee's Chair. Hideaki Kobayashi's public statements limiting scope, depth and disclosure investigations and previous track-record regarding third-party committees raise significant doubts of the integrity of the investigation (see Appendix 6).",
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      "text": "Following the 2022 AGM, several shareholders, including Oasis, stated that it was not pertinent to investigate the related-party transactions under Fujitec's current governance structure.",
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      "kind": "paragraph",
      "text": "Shareholders did not accept Fujitec's last-minute plea to establish a Third-Party Committee, evidenced by their votes on Uchiyama. Nonetheless, despite shareholders raising public concerns with establishing a Third-Party Committee under the current governance structure, the Outside Directors, including the newly appointed Directors, agreed to another weak governance decision by pushing forward with the establishment of a Third-Party Committee and its questionable composition.",
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      "text": "IV.a Accommodation to Uchiyama Control (cont.)",
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