Limits on invoking defensive measures and an approximately two-year sunset clause
First written in FY2017-Q1. 9 of 11 entries say "Restated". Latest entry: FY2019.
The whole theme swung hardest in 2023: 1 of 6 companies on the "Worse" side.
36 other companies' latest entry also says "Dropped".
- FY2019DroppedAnnual report
「The Company has discontinued its measures for responding to large-scale acquisitions of its shares, also known as takeover defense measures, as of the conclusion of the 71st Annual General Meeting of Shareholders held on 27 June 2019.」
Because the response measures were discontinued, the previous descriptions of limits on the Board's invocation of defensive measures and the approximately 2-year sunset clause no longer appear. - FY2019-Q3RestatedAnnual report
「The circumstances in which the Board of Directors may invoke defensive measures without confirming shareholder intent are limited to cases where the bidder has violated the Rules or it is clear that corporate value or the common interests of shareholders will be impaired. The Rules also include a so-called sunset clause with a term of approximately 2 years.」
Restating the framework that limits the Board of Directors' sole authority to implement countermeasures and includes a sunset provision of approximately 2 years. - FY2019-Q2RestatedAnnual report
「The circumstances in which the Board of Directors may invoke defensive measures without confirming shareholder intent are limited to cases where the bidder has violated the Rules or it is clear that corporate value or the common interests of shareholders will be impaired. The Rules also include a so-called sunset clause with a term of approximately 2 years.」
Restating the framework that limits the Board of Directors' sole authority to implement countermeasures and includes a sunset provision of approximately 2 years. - FY2019-Q1RestatedAnnual report
「The circumstances in which the Board of Directors may invoke defensive measures without confirming shareholder intent are limited to cases where the bidder has violated the Rules or it is clear that corporate value or the common interests of shareholders will be impaired. The Rules also include a so-called sunset clause with a term of approximately 2 years.」
Restating the framework that limits the Board of Directors' sole authority to implement countermeasures and includes a sunset provision of approximately 2 years. - FY2018-Q3RestatedAnnual report
「The circumstances in which the Board of Directors may invoke defensive measures without confirming shareholder intent are limited to cases where the bidder has violated the Rules or it is clear that corporate value or the common interests of shareholders will be impaired. The Rules also include a so-called sunset clause with a term of approximately 2 years.」
Restating the framework that limits the Board of Directors' sole authority to implement countermeasures and includes a sunset provision of approximately 2 years. - FY2018-Q2RestatedAnnual report
「The circumstances in which the Board of Directors may invoke defensive measures without confirming shareholder intent are limited to cases where the bidder has violated the Rules or it is clear that corporate value or the common interests of shareholders will be impaired. The Rules also include a so-called sunset clause with a term of approximately 2 years.」
Restating the framework that limits the Board of Directors' sole authority to implement countermeasures and includes a sunset provision of approximately 2 years. - FY2018-Q1RestatedAnnual report
「The circumstances in which the Board of Directors may invoke defensive measures without confirming shareholder intent are limited to cases where the bidder has violated the Rules or it is clear that corporate value or the common interests of shareholders will be impaired. The Rules also include a so-called sunset clause with a term of approximately 2 years.」
Restating the framework that limits the Board of Directors' sole authority to implement countermeasures and includes a sunset provision of approximately 2 years. - FY2017RestatedAnnual report
「The circumstances in which the Board of Directors may invoke defensive measures without confirming shareholder intent are limited to cases where the bidder has violated the Rules or it is clear that corporate value or the common interests of shareholders will be impaired. The Rules also include a so-called sunset clause with a term of approximately 2 years.」
Limiting the Board of Directors' sole authority to implement countermeasures and continuing to state a framework that includes a sunset provision of approximately 2 years. - FY2017-Q3RestatedAnnual report
「The circumstances in which the Board of Directors may invoke defensive measures without confirming shareholder intent are limited to cases where the bidder has violated the Rules or it is clear that corporate value or the common interests of shareholders will be impaired. The Rules also include a so-called sunset clause with a term of approximately 2 years.」
Limiting the Board of Directors' sole authority to implement countermeasures and continuing to state a sunset provision with a validity period of approximately 2 years. - FY2017-Q2RestatedAnnual report
「The circumstances in which the Board of Directors may invoke defensive measures without confirming shareholder intent are limited to cases where the bidder has violated the Rules or it is clear that corporate value or the common interests of shareholders will be impaired. The Rules also include a so-called sunset clause with a term of approximately 2 years.」
Limiting the Board of Directors' sole authority to implement countermeasures and continuing to state a sunset provision with a validity period of approximately 2 years. - FY2017-Q1First statedAnnual report
「The circumstances in which the Board of Directors may invoke defensive measures without confirming shareholder intent are limited to cases where the bidder has violated the Rules or it is clear that corporate value or the common interests of shareholders will be impaired. The Rules also include a so-called sunset clause with a term of approximately 2 years.」
Limits the Board's unilateral invocation of defensive measures and provides for an approximately 2-year term.