MUFG Board Opposes Shareholder Proposals on Financial Risk Disclosure, Company Name Change, and Code of Conduct Amendments at Annual Meeting
MUFG's Board of Directors has announced its opposition to several shareholder proposals ahead of the 20th Annual General Meeting on June 27, 2025. The proposals include enhanced financial risk audits, a company name change, and amendments to the code of conduct. The Board believes the current name and existing compliance measures align with shareholder interests and corporate value, emphasizing its commitment to corporate value and social issues through its Medium-term Business Plan.
**MUFG Board Meeting: Opposition to Shareholder Proposals** Tokyo, May 15, 2025 - Mitsubishi UFJ Financial Group, Inc. (MUFG) announced decisions from its Board of Directors meeting regarding shareholder proposals for the upcoming 20th Annual General Meeting of Shareholders on June 27, 2025. The Board has resolved to oppose several proposals: 1. **Disclosure of Financial Risk Audit**: The Board objects to amending the Articles of Incorporation to include specific business execution matters, as proposed for enhanced financial risk audits by the Audit & Supervisory Board. 2. **Company Name Change**: The Board opposes the proposal to change the company name, affirming that the current name, established in 2005, aligns with shareholder interests and corporate value. 3. **Code of Conduct for Officers and Employees**: The Board rejects the proposal to amend the Articles of Incorporation concerning the code of conduct, citing the existing MUFG Way and Code of Conduct that ensure compliance with laws and ethical standards. MUFG emphasizes its commitment to enhancing corporate value and addressing social issues through its Medium-term Business Plan, which includes growth strategies and initiatives for economic and social value.
