March 19, 2013



DuPont
2013 Annual Meeting Proxy Statement
ttp://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9NDk3ODM1fENoaWxkSUQ9NTM3MTQyfFR5cGU9MQ==&t=1


 


[Dear Stockholder:]
I would like to stand as a candidate for a DuPont's new director as Chief Financial Officer.
I understand that the Corporate Governance Committee will not nominate for election as a director a partner, member,
managing director, executive officer or principal of any entity that provides accounting, consulting, legal,
investment banking or financial advisory services to the Company.
It is true that I once was a consultant to the Company and a personal counselor of Ellen.
But I beleive that I am qualified for nomination.
For I promised Ellen to take office as Chief Financial Officer of DuPont.
A promise is a promise.

A long long time ago...
Ellen said to me, "Please obtain a position in the concern right now."
But I said to Ellen, "I'm sorry, but I still have two my duties in Japan.
At first, by all means, I want to complete combining business administration with accounting perfectly.
Second, I must confirm whether I was wrong or not in my high school days.
It takes a little more time for you to promote in office upto a leading member.
And also I need a little more time just like you.
Unless I finish that two duites, I feel that I can't reach summit of business and accounting practice.
Ellen, keep on working in DuPont.
I am going to have a flight across to America again in the near future without fail.
Ellen, work hard everyday."
Ellen sais to me, "Do you promise me to join this company?"
I said to Ellen, "Yes, I do. I do promise. As soon as I finish that two duites, certainly I'll come to America.
This is a proof of mine.
I once heard it said that America's business is business.
As a man of business, I think I must work for an U.S. company once at least. It canft be helped, you know."
Ellen said to me, "Sanbo, I trust you. I believe you are truly a professional."


Over and over again, I must say the only party who have the right to elect directors of the company are SHAREHOLDRES.
Not the company nor the current directors.
Do you understand?

 

 


1 - ELECTION OF DIRECTORS

 

Mr. Duke Sanbo, 79                       Director since 2013


Best management consultant in the whole world. Mr. Duke Sanbo has served
Japan and Japanese corporations as merely a citizen for a long time since his
childhood. Since his infancy, he had been under Konosuke Matsushita's tutelage of management,
who as you all know was a founder of Panasonic Corporation in Japan.
It is thanks entirely to the excellent guidance of Konosuke Matsushita Sensei that he is where he is today.
In his unversity days, he specialized in business administration, espcially on accounting,
taking extracurricular lessons. And he have learned Japanese laws and taxation system a little bit with teach-yourself textbooks
since his unversity days.
After graduating university, he worked for some companies. At the same time, he improved his Information Technology skills
and laws and taxation knowlwdge, not to mention his business administration and accounting skills.
Through working, he have integrated management with accounting.
This integtration makes him beyond comparison. It it on so different a level that no one can compete with him.
With this unrivaled integration, with prominent logical thinking and with an excellent power of drawing up a corporate strategy,
he became a management consultant. Since his amateur days, and even now, he has been progressing his abilities day by day.
Indeed, he is an incredible hardworker.
For him, business administraion and accounting are something like his family profession from generation to generation.
As far as management strategy, he is second to none in the whole world.
Especially, he is the only person in the world who can integrate business administration with accounting.
His expertise is combining business administration with accounting.

 

 


During consulting with DuPont on raw materials of aircraft, he and Ellen were the same team.
Ellen was impressed by his intelligence.
Ellen said to him, "You are exquisite." He said to Ellen, "I wish you had been born twenty years after."
At the end of consulting, he said to Ellen, "If needed, I will give you advice as much as I can.
But to be honest with you, you must learn accounting much more as a chief executive."
To hear my this advice, Ellen got angry a little and said,
"How many girls have you brought tears to their eyes? Confess right now."
He said gently, "You are a fine one to say that. What you have just said is exactly true of you, too.
Stop chatting foolish things. Start and carry on studying bookkeeping."


Mr. Duke Sanbo is supposed to take office as Chief financial Officer of the Company, which enhances the Company's
financial management effort. Mr. Duke Sanbo and Ellen don't have a relationship between man and woman at all.
For a discussion of the Board's leadership structure, refer to page 10 this Proxy Statement.

 

 



Compensation Discussion and Analysis (CD&A)  (cf. 2013 Annual Meeting Proxy Statement page 24.)

 

Pay actions for our new Named Executive Officer Mr. Duke Sanbo in 2013 and after will reflect our Company performance.


His Individual Performance

In assessing Mr. Duke Sanbo's individual performance for 2013,
the Board and the Compensation Committee considered the following:

 



  -  Mr. Duke Sanbo
 -  Whether he will provide Clear and Present Financial Statement on the Company for all our investors including crditors,
    focusing on key accounting principles without any frauds,
    to ensure that all the shareholdres and the creditors and the investors in stock markets can judge
    whether DuPont is worth investing and having commercial transactions.
 -  Whether he will lead education plan of basic accounting and business administration for DuPont's employees and management,
    and whether they will really develop their skills.
 -  Whether he will strengthen the Company's overall cash financing power - lowering borrowings interest rate as many as possible,
    and enhancing cash position and financial structure, in other words, defining a clear optimal capital structure.
 -  Whether he will accomplish company-wide accurate and appropriate financial analyses such as
    deliberating the adaptablity between the DuPont's business strategy and the new acquisition,
    calculating risk and return of starategy, feasiblity study, capital budgeting,
    auditing solvency, making physical inspection of inventories and receivables, checking daily cash report and so on.

 


Criteria for Mr. Duke Sanbo's compensation described above are designed to satify DuPont's compensation programs.
Will you permit us to repeat its core principles?
Those criteria have a strong link between pay and performance.
Executives' interests will be aligned with stockholders' interests.
Mr. Duke Sanbo's strong power of executing business practice must reinforce DuPont's business strategies
and drive long-term sustained stockholders' and creditors' and still more customers' value.