Mizuho Financial Group(MFG) - 2023 Q4 - Annual Report

Shareholder Meeting Outcomes - Mizuho Financial Group held its 21st Ordinary General Meeting of Shareholders on June 23, 2023[10]. - Proposal 1 for the appointment of fourteen directors was adopted with approval rates ranging from 86% to 98%[12]. - The number of voting rights for Proposal 1 ranged from 15,380,987 to 17,519,737 for various directors, indicating strong shareholder support[12]. - The voting results reflect a significant shareholder engagement in governance matters[12]. - The meeting's outcomes indicate a stable leadership structure with the reappointment of existing directors[12]. Proposal Outcomes - Proposal 2, concerning a transition plan to align lending and investment portfolios with the Paris Agreement's 1.5 degree goal, was rejected with only 19% approval[12]. - A total of 3,501,778 votes were in favor of Proposal 2, while 14,019,285 votes were against it[12]. - The requirement for adoption of Proposal 1 was a majority of the voting rights held by shareholders present, while Proposal 2 required two-thirds approval[15]. Strategic Focus - Mizuho Financial Group continues to focus on aligning its strategies with sustainability goals, as evidenced by the shareholder proposal[11]. - The company confirmed that a portion of voting rights was not counted due to prior decisions made before the meeting[13].