Oasis Welcomes ISS and Glass Lewis Recommendations Supporting Board Accountability and Stronger Oversight at Kyocera
*ISS and Glass Lewis, the world’s leading proxy advisory firms, recommend that Kyocera shareholders vote AGAINST the Company’s proposal to re-elect Chairman Yamaguchi and in FAVOR of Oasis’s shareholder proposal seeking his removal
*Both firms also recommended to vote FOR Kotaro Okamura as an independent director nominated by Oasis, recognising his extensive expertise in capital policy and portfolio management, which they believe is well suited to addressing the challenges facing Kyocera
*ISS also recommended voting FOR a share buyback of JPY350 billion proposed by Oasis, highlighting Kyocera’s excessive net cash balance that represents more than 40% of its market capitalization and Kyocera’s need to improve capital efficiency
*Oasis encourages shareholders to support a constructive reform agenda focussed on disciplined capital allocation, portfolio focus, independent oversight and sustainable value creation
