Activist fund Oasis Management Co. is calling on Kao Corp. to convene an extraordinary general meeting, seeking an independent investigation into the Japanese company’s supply-chain risk management and internal control.
Oasis received numerous whistleblower allegations concerning Kao’s supply-chain practices, including potential links to deforestation and human rights violations, it said in a statement on Thursday. The Hong Kong-based fund urged shareholders to support a proposal to commission an independent review.
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