The Kansai Electric Power Company, Incorporated | Partial Amendment to Articles of Incorporation of Company (4)_Human Resource retention & training at The Kansai Electric Power Company, Incorporated

Status
3.30% votes in favour
AGM date
Previous AGM date
Proposal number
8
Resolution details
Company ticker
9503
Lead filer
Resolution ask
Adopt or amend a policy
ESG theme
  • Social
ESG sub-theme
  • Diversity, equity & inclusion (DEI)
Type of vote
Shareholder proposal
Filer type
Shareholder
Company sector
Utilities
Company HQ country
Japan
Supporting statement
Inappropriate investment in facilities and human resources has weakened the base for the Company’s competitiveness. The challenge is to maintain and improve technical capabilities, and improvements in securing, developing, and training human resources are required. The Company’s facilities are supported by its human resources, but there is concern over loss of human resources with young people leaving the Company. Our cooperative companies’ construction capabilities have diminished, making it difficult for them to promptly respond to disasters and perform unplanned works. The unfavorable effects of the performance-based wage system have come to light, and employees show a lower sense of fulfillment and motivation. As a result of misappropriation of business including the incident of receiving cash and gifts by executives, the Company has significantly degraded the ethics of employees, and the effectiveness of management reform is called into question. Moreover, the Company promotes reemployment of workers, but their wages will drop extremely after the reemployment, causing an inequality in their treatment. While manpower is declining, workload has not changed. Inappropriate rationalization has prevented cases of mental illnesses from decreasing, and discriminatory treatment against people with disabilities remains. If the Company does not improve these situations, it will lose excellent human resources while hindering business execution and services, and struggle to gain public trust.

DISCLAIMER: By including a shareholder resolution or management proposal in this database, neither the PRI nor the sponsor of the resolution or proposal is seeking authority to act as proxy for any shareholder; shareholders should vote their proxies in accordance with their own policies and requirements.

Any voting recommendations set forth in the descriptions of the resolutions and management proposals included in this database are made by the sponsors of those resolutions and proposals, and do not represent the views of the PRI.

Information on the shareholder resolutions, management proposals and votes in this database have been obtained from sources that are believed to be reliable, but the PRI does not represent that it is accurate, complete, or up-to-date, including information relating to resolutions and management proposals, other signatories’ vote pre-declarations (including voting rationales), or the current status of a resolution or proposal. You should consult companies’ proxy statements for complete information on all matters to be voted on at a meeting.