Komori
Governance9513Electric Power Development Co.,Ltd.Electricity and gas

(Update on Disclosed Matter) Notice Regarding the Board of Directors’ Opinion on a Shareholder Proposal

In response to a shareholder proposal to add provisions to the Articles of Incorporation requiring disclosure of investment assessments related to climate change and expected emissions reductions, the Board of Directors resolved to oppose the proposal.

Worth reading
50Recurring
Scored from 1 of 5 sections
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
46
Reduction rate of CO2 emissions from domestic power generation operations in fiscal 2030 (compared with fiscal 2013, %)
Wording
Conditional
How definitive the wording is.

Contents of this filing

Changes this time

The Company received a shareholder proposal, and the Board of Directors resolved to issue an opinion opposing the proposal. No changes from the previous report regarding the corporate governance structure or other matters have been indicated.

この書類は、機関設計や取締役会の構成そのものは述べていません。上に示したのは、この書類が述べている変更点です。

Contents of this filing
ItemDetails
Changes this timeThe Company received a shareholder proposal, and the Board of Directors resolved to issue an opinion opposing the proposal. No changes from the previous report regarding the corporate governance structure or other matters have been indicated.
Items this document does not state (7)
Corporate Governance StructureNumber of directorsNumber of independent officersCommitteePolicy 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.

Establishing specific climate change policies and business execution requirements in the Articles of Incorporation could impede flexible and rapid business execution and policy changes in response to changes in the business environment, potentially harming corporate value. In addition, the Company has already disclosed its investment criteria and governance framework, and fixed disclosure of detailed economic and other information for each investment project could place the Company at a competitive disadvantage and weaken its bargaining position.

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.
(Update on Disclosed Matter) Notice Regarding the Board of Directors’ Opinion on a Shareholder Proposal | Electric Power Development Co.,Ltd. (9513) timely disclosure | Komori