Company: VVR
Filing Date: 2025-03-21
Form Type: 424B5
Source: 0001104659-25-026711
Chunk: 174

Company: Invesco Senior Income Trust
Filing Date: 2025-03-21
Form: 424B5
Chunk 174
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 any), and so on in addition to the above factors. Board directors should make best efforts to continuously gain knowledge and skills to fulfill the critical role and responsibilities in the company’s governance. A company should also provide sufficient training opportunities. Independent outside directors are expected to play a significant role, such as safeguarding minority shareholders’ interests through action based on their insights to increase the company’s corporate value. It is desirable to enhance the board’s governance function with independent outside directors accounting for the board majority. However, given the challenge to secure competent candidates, we also recognize that it is difficult for all the companies, irrespective of their size, to deploy the independent outside directors’ majority on the Board. Sufficient disclosure is a prerequisite for reflecting the assessment of independence and suitability of director candidates and board composition in voting decisions. Currently, there are cases where sufficient information cannot be obtained due to insufficient disclosure on a board chair, each committee’s function and committee chairs in Notice of Annual General Meeting (AGM) and a corporate governance report, as well as untimeliness of these issuances. We generally make decisions based on Notice of AGM, a corporate governance report and an annual securities report disclosed by the time of voting. However, this shall not apply if we obtain such information from direct engagement with the company or find relevant disclosure elsewhere. (1) Independence We generally vote for the appointment of outside directors. However, we generally vote against if a candidate is not regarded as independent of the subject company. It is desirable that the company discloses information, such as numerical data, which supports our decision on board independence. ● We view the following outside director candidates are not independent enough. ● Candidates who have been working for the following companies for the last ten years or are those people’s relatives. ● The subject company ● Its subsidiary ● Its parent company ● Candidates who have been working for the following companies for the last five years or are those people’s relatives. ● Shareholders who own more than 10% of the subject company ● Principal loan lenders ● Principal securities brokers ● Major business partners ● Auditors ● Audit companies, consulting companies or any related service providers which have any consulting contracts with the subject company ● Any other counterparts which have any interests in the subject company B-23 In cases other than above, we separately scrutinize the independence of candidates who are regarded as not independent enough. ● We take extra care when we assess the independence of candidates from a company which is regarded as a policy shareholder under cross shareholding, mutually sends outside directors to each other, and