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Governance9409TV Asahi Holdings CorporationInformation and Communications, Services and Others

Notice Concerning the Board of Directors’ Opinion on the Shareholder Proposal

The Board of Directors resolved to oppose all 5 proposals, including amendments to the Articles of Incorporation, submitted by 56 shareholders. The Company cited as reasons for its opposition that the proposals are already addressed by the existing Articles of Incorporation and internal systems, among other factors.

Worth reading
62In focus
Scored from 1 of 5 sections
Direction
Neutral
Direction inferred from the company’s description.
Scale
5
proposals
Wording
Definitive
How definitive the wording is.

Governance structure

Committee1
Nomination and Compensation Committee (a majority of whose members are independent outside directors)
Changes this time

The Board of Directors resolved to oppose all 5 proposals, including amendments to the Articles of Incorporation, jointly submitted by 56 shareholders

Governance structure
ItemDetails
CommitteeNomination and Compensation Committee (a majority of whose members are independent outside directors)
Changes this timeThe Board of Directors resolved to oppose all 5 proposals, including amendments to the Articles of Incorporation, jointly submitted by 56 shareholders
Items this document does not state (6)
Corporate Governance StructureNumber of directorsNumber of independent officersPolicy on cross-shareholdingsTakeover defensesControlling shareholder

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

The substance of the proposals is already addressed through operations based on the current Articles of Incorporation and the Broadcast Act; fact-checking is covered by the existing business purposes and news-gathering and reporting activities; prescribing the diversity of the Board of Directors and personnel allocation in the Articles of Incorporation could impair flexibility; fixing the terms of members of the program review committee could hinder the appointment of personnel with the necessary expertise and experience; and systems for reporting, investigating, correcting and preventing recurrence in order to prevent confusion between advertising and programming have already been established.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Notice Concerning the Board of Directors’ Opinion on the Shareholder Proposal | TV Asahi Holdings Corporation (9409) timely disclosure | Komori