Newsletter
COUNTING METHOD FOR WRIT-TEN AND ELECTRONIC VOTING
The Company Act provides that shareholders who exercise their voting rights in writing or electronically shall be deemed to have attended the shareholders'' meeting in person. Accord-ingly, in an interpretation dated 11 January 2006, the Ministry of Economic Affairs stated that when calculating the figures of a vote at a shareholders'' meeting, the number of votes cast in writing or electronically should be included in the calculation of the number of voting rights in attendance. However, the Act also provides that when a shareholders'' meeting votes on an ad hoc motion, or on amendments to a motion, share-holders who cast their votes in writing or elec-tronically at the same meeting shall be deemed to have abstained. Therefore the voting rights of such shareholders should not be included in the approving votes for the motions.