Correction of KANDEN Securities Report Addition of compensation for external indication to executive compensation June 21, 21:13
Kansai Electric Power Co., Inc. announced that it has corrected the contents of the securities report for the three years to the fiscal year ended March 31, 2019 due to the problem of receiving gold products. Since it was pointed out by the outside that a part of the executive compensation was compensated, in effect, the compensation amount was recognized and re-recorded.
At Kansai Electric Power Company, a committee of outside lawyers conducted an investigation related to the problem of receiving gold products.
Among them, when the performance was deteriorating, the officers at the time who reduced the remuneration were hired as a temporary contract after retiring, and it can not be denied that the contractual remuneration may include the amount equivalent to the postpaid amount of the reduced amount. Did.
I was concerned that the amount was not stated in the securities report.
Based on these findings, Kansai Electric Power Company announced on the 22nd that it revised the contents of the securities report regarding the remuneration of directors for the three years to the year ending March 31, 2019.
According to this, the largest revision of the total remuneration in the three years was the year ended March 31, 2019, which is an increase of 69 million yen. The content of the notice of convocation at the general meeting of shareholders was revised in the same way.
The company explained the reason for the correction as "considering the viewpoint of information disclosure to shareholders and investors."
However, the Investigation Committee has received strict remarks about the fact that the information was not stated, and Kansai Electric Power Co., in effect, has recognized and compensated for the compensation.