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  "documentTitle": "Oasis Fujitec Presentation December 2022",
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  "notes": "Uses a timeline and a direct quote comparison to highlight the discrepancy.",
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      "kind": "callout",
      "text": "Effectively, instead of stopping RPTs entirely, the Outside Directors have ratified a policy that allows Uchiyama to undertake more transactions under the guise of \"unavoidable\" circumstances",
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      "text": "Timeline of events from 19 May 2022 to 23 June 2022",
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      "kind": "paragraph",
      "text": "Having admitted causing concern to shareholders, but keeping to the view that the transactions were \"no legal or corporate governance issues\", the Company went on to say (Source): \"Nonetheless, the Company's board of directors takes very seriously the fact that the Company caused the shareholders to have certain suspicions, and has therefore reconfirmed the basic policy that \"the Company will not conduct related party transactions in principle.\"",
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      "text": "However, no such basic policy existed. In fact, the basic policy was inserted as an amendment to the Corporate Governance Guidelines AFTER the 2022 AGM, on 30 June. Notably, the policy STILL allowed for RPTs in \"unavoidable circumstances\" (Source). The most recent Financial Report (Source) makes light of RPTs that took place in the financial year. Shareholders are right to question, what are the \"unavoidable circumstances\" that force Fujitec to lease real estate from the Uchiyama Family?",
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      "kind": "paragraph",
      "text": "As set out in METI's Practical Guide for Independent Directors, \"Where there is a conflict of interest between the company and management... outside directors are required to protect the interests of general shareholders whose interests may be harmed by the conflict of interest\".",
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      "text": "IV.c Evasive Tactics (cont.)",
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      "text": "Public Communications – Basic Policy on Related-Party Transactions",
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