Epson 2015 Annual Report Download - page 47

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46
(3) Decisions made by the Epson board of directors regarding specific actions and the justification for
those decisions
The actions described in (2) 1) above were specifically formulated to enhance both Epson’ s corporate value and
the common interests of its shareholders in a continuous and sustained manner. These actions support the basic
policy.
As well as having been introduced and updated in order to ensure and enhance corporate value and the common
interests of shareholders, the Plan is in accordance with the basic policy outlined in (1) above. Specifically, the
Plan guarantees fairness and objectivity, is reasonable, and supports Epson’ s corporate value and the common
interests of its shareholders because, among other things, a) it was introduced (and updated) after being
approved by shareholders at the general shareholders’ meeting; b) it contains provisions for reasonable and
objective implementation; c) a special committee comprising members with a high degree of independence
from Epson management was established and activation of the Plan is subject to the assessment of that special
committee; d) the special committee may solicit expert opinions from third parties at Epson’ s expense; and e)
the Plan was determined to be valid for approximately three years and may be abolished by the board of
directors at any time. The Plan is not for keeping Epson executive officers in their posts.