Kao Focuses On Long-term Shareholder Value, Transparent Board Selection

KUALA LUMPUR, Dec 20 (Bernama) -- Kao's Board of Directors and management team are focused on increasing shareholder value from a long-term perspective, guided by the company’s business strategy.

To enhance its corporate value, Kao is committed to engaging directly and constructively with all of its stakeholders and welcoming new perspectives to address challenges.

The company adheres to a robust selection process to ensure an optimal composition of its Board of Directors, according to Kao in a statement.

As stated in the Dec 12 press release, this fiscal year, the selection of candidates for the Board was deliberated over a six-month period by both the Board of Directors and the Committee for Examination of Nominees for Directors and Audit & Supervisory Board Members.

The candidates for Directors and Audit & Supervisory Board Members were announced on Dec 2 to coincide with the announcement of the new Executive Officer structure.

These candidates are proposed and do not preclude proposals from other shareholders. Kao is currently evaluating director candidates proposed by certain shareholders, in line with its selection process.

Kao will remain committed to ensuring fair disclosure of information to all stakeholders.

-- BERNAMA