Kao shareholders vote down Oasis’s bid for independent supplier probe

Equities Retail shareholders back company’s track record, but urge further supply chain transparency Activist investor Oasis Management has been campaigning for changes to Kao’s board since taking a stake in the household products company in 2024. (Source photos Tomoki Mera, Oasis website) TOKYO — Shareholders of Japan’s Kao on Thursday voted down an activist investor’s proposal for an independent probe into the household products maker’s Southeast Asian supply chain, amid questions over environmental and labor standards tied to palm oil and pulp and paper sourcing.