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  "docId": "019f6b8f-46e3-7178-b88b-781944304949",
  "docSlug": "jarvis-oasis-fujitec-presentation-december-2022",
  "documentTitle": "Oasis Fujitec Presentation December 2022",
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  "presentationDate": "2022-12-01 00:00:00",
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  "notes": "Uses a timeline to illustrate the contradiction between investor engagement and the sale of company assets to a related party.",
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      "text": "Shareholder Engagement",
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      "text": "Timeline of 2021 AGM and related-party transaction",
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      "kind": "paragraph",
      "text": "Fujitec’s shareholder engagement is defined in their Corporate Governance Guidelines as a selective approach where the Company will listen to only those investors who they believe are aligned to their interpretation of shareholder interests.",
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      "kind": "paragraph",
      "text": "As set out in the Japan Corporate Governance Code - Principle 5: Dialogue with Shareholders - “companies should engage in constructive dialogue” and “[outside directors] should listen to the views of shareholders and pay due attention to their interests and concerns”. METI’s Practical Guide for Independent Directors also emphasizes that engaging with investors is an “important role”.",
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      "kind": "paragraph",
      "text": "Oasis believes this interpretation motivated the Company to not engage fully on matters of critical concern prior to the 2022 AGM, and not engage at all afterwards. This selective approach only serves to entrench management bias, and embedded control.",
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      "text": "Fujitec’s engagement has also been seen to be disingenuous. This was publicly seen with the backlash after the release of Vision 24, however, more concerningly the Board has been seen to take advantage of investor goodwill in engagements, only to commit some of the most egregious related-party transactions in the days surrounding.",
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      "kind": "quote",
      "text": "In order to realize the sustainable growth and improvement of mid- to long-term corporate value of the Company, the Company shall engage in constructive dialogue with major shareholders who have investment policies corresponding to the mid- to long-term interests of shareholders.",
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      "kind": "title",
      "text": "IV.c Evasive Tactics",
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