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  "docSlug": "jarvis-oasis-fujitec-presentation-december-2022",
  "documentTitle": "Oasis Fujitec Presentation December 2022",
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  "notes": "Uses a numbered list to build a case of governance failure.",
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      "kind": "callout",
      "text": "Outside Directors Allow Uchiyama to Escape Accountability – Appoint him Chair",
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      "text": "Takakazu Uchiyama",
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      "text": "1. At least 40 top institutional investors voted AGAINST Uchiyama’s appointment. Oasis calculates, based on public disclosures and internal analysis, that over 65% of participating shareholders voted AGAINST Uchiyama.\n2. This opposition from institutional investors came despite the “independent” investigation from Nishimura & Asahi.\n3. This opposition from institutional investors came despite the Board stating that it would establish a Third-Party Committee.\n4. Instead of repealing his nomination when announcing the Third-Party Committee, the Board decided to do it a few hours before the AGM.\n5. Allowing Uchiyama to escape shareholder accountability, the Board appoints him as Chairman – an unelected but full-time paid position.\n6. Putting Uchiyama to an unelected position of Chairman, while still able to exert influence, contradicts the motivation to wait for the Third-Party Committee results.",
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      "kind": "paragraph",
      "text": "Last year’s Fujitec’s new Outside Directors have demonstrated that they are not representing shareholder interests by appointing Takakazu Uchiyama as the Chair of the Company, an unelected, but paid, position where he can continue to exert control.",
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      "kind": "title",
      "text": "V. Fujitec’s Outside Directors Failed to Fulfill Their Role",
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