TOKYO--( BUSINESS WIRE )-- Kao's board of directors and management team strive to maximize shareholder value from a long-term perspective based on our business strategy. For the purpose of enhancing our corporate value, we are committed to engaging directly and constructively with all our stakeholders and welcome new perspectives to address challenges.

Kao follows a robust selection process to ensure an optimal composition of the Board of Directors. As announced in the press release dated December 12, this financial year, the election of candidates for the Board of Directors and the nominees for Directors and Audit and Supervisory Board members. The examination was deliberated by the committee over a period of more than six months. The announcement of candidates for directors and members of the audit and supervisory board coincided with the announcement of the new executive officer structure on 2 December.

The persons declared are proposed candidates and do not preclude proposals from other shareholders. Following our company's selection process, we are currently conducting due diligence for director candidates proposed by certain shareholders.

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

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Kao Corporation
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Source: Kao Corporation