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  "documentTitle": "Oasis Fujitec Presentation December 2022",
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  "notes": "Uses authority-citation to frame the directors' failure against established industry guidelines.",
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      "text": "Companies are responsible for ensuring they have appropriate governance structures to serve the interests of shareholders and other key stakeholders. We believe that there are certain fundamental rights attached to shareholding.",
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      "text": "Even the new Outside Directors have demonstrated that they are not representing shareholder interests by appointing (a most likely shareholder rejected director) Takakazu Uchiyama as the Chair of the Company, an unelected, but paid, position where he can continue to exert control.",
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      "text": "Fujitec's Outside Directors have failed in their role to protect the interests of its stakeholders, including shareholders, over their tenure by overseeing egregious behavior by management, as well as partaking in egregious behavior themselves.",
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      "text": "For example, it is necessary to consider not reappointing or dismissing the President/CEO if the company's sustainable growth and medium- to long-term enhancement of corporate value are judged to be suboptimal.",
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      "text": "Both the Ministry of Economy, Trade and Industry (\"METI\") and the Tokyo Stock Exchange (\"JPX\") have published guidelines for Independent Directors (\"ID\") of listed companies. Fujitec's Independent Directors have failed to act in accordance with both of the guidelines.",
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