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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 outlines the activist's thesis regarding board complicity and the need for governance reform.",
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      "kind": "callout",
      "text": "VOTE FOR THE NEW INDEPENDENT NOMINEE DIRECTORS AT THE UPCOMING EGM AND THE COMPENSATION PLAN THAT ALIGNS THEIR INTERESTS WITH FUJITEC’S STAKEHOLDERS",
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      "text": "A complete reform of the governance and oversight structures, meaning an overhaul of the current independent leadership on the Board, is the only way to protect Fujitec’s stakeholders and avoid further destruction of corporate value.",
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      "text": "These symptoms of failure have arisen from clear issues with strategic business management, actions taken to accommodate the control of the Uchiyama Family, showing contempt for risk management and internal controls, and using evasive tactics to escape accountability and scrutiny.",
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      "text": "Oasis has called an EGM to remove Fujitec’s current Outside Directors and, in place, is nominating an alternative set of independent Outside Directors with a strong array of skills and experience, to introduce strong governance and oversee a business strategy that is informed by robust dialogue with shareholders to the Company.",
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      "text": "These acts are all traced back to the Board of Directors, namely, the Outside Directors who, as a majority of the Board, have completely neglected their fiduciary duty to shareholders, and other stakeholders for whom they are responsible as independent directors as set out by JPX, METI and the Corporate Governance Code.",
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      "text": "Today, Fujitec is a Company that has failed to realise its corporate value potential, mistreated many of its stakeholder groups, and abused governance structures, showing a blatant disregard for shareholders.",
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      "text": "In their decision to promote Takakazu Uchiyama to Chairman, the Outside Directors, including the two new Outside Directors, made a bad situation much worse by strengthening Uchiyama’s control over Fujitec by making him no longer accountable to shareholders.",
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      "text": "At the 2022 Annual General Meeting (\"AGM\"), Fujitec’s shareholders were disappointed to witness the extent to which the Uchiyama Family has abused its control to exploit Fujitec and its stakeholders for many years.",
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      "text": "I. Executive Summary",
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