If a shareholder cannot attend a shareholders' meeting in person, he or she may issue a proxy form in accordance with law, stating the scope of authorization, to authorize an agent to attend the meeting on his or her behalf. The proxy form must be delivered to the Corporation or its stock agent at least five days before the shareholders' meeting.
If the agent in the preceding paragraph acts as the proxy for two or more shareholders at the same time and the voting rights he or she represents exceed 3% of the voting rights of all the issued shares, the excess voting rights will not be exercised.
A corporate shareholder shall send the name(s) of its representative(s) who will attend a shareholders' meeting to the Corporation or its stock agent at least five days before the meeting of the shareholders' meeting.
There may be one or more representatives in the preceding paragraph but the voting rights that may be exercised by them at the shareholders' meeting shall be calculated on the basis of the total number of voting shares hold by such corporate shareholder.
If, after the Corporation has received a proxy form, a shareholder sending the proxy form decides to attend the shareholders' meeting in person or intends to exercise his or her voting rights in writing or electronically, he or she shall issue a written notice to revoke the authorization to the Corporation two days before the shareholders' meeting. If the revocation is not provided within the specified time limit, exercise of the voting rights by the proxy attending the meeting shall prevail.