Ministry of Agriculture, Forestry and Fisheries Deficit Public-Private Fund Full retirement allowance for former officers September 30 20:00
The Ministry of Agriculture, Forestry and Fisheries under the jurisdiction of the Ministry of Agriculture, Forestry and Fisheries, which has a cumulative loss of over 9 billion yen, the “Agricultural, Forestry and Fisheries Growth Industrialization Support Organization” is a retirement allowance for former executives who resigned after serving as outside directors of failed companies. As for “I haven't found any reason to reduce”, I decided to pay full retirement allowance as scheduled.
The public / private fund “Agricultural, Forestry and Fisheries Growth Industrialization Support Organization”, which supports the agriculture, forestry and fisheries industry, has lost a total of 9.2 billion yen as of March due to losses caused by the management failure of the invested company.
The fund decided to pay a full retirement allowance of approximately 14 million yen to the former managing director who retired in June.
However, because the former managing director was in charge of investment and financing and the company involved as an outside director went bankrupt, there was criticism that it was strange to pay the full amount, so the fund asked an external law firm to investigate. It was.
According to the research results released by the fund on the 30th, “I cannot say that there was a markedly unreasonable point in the management decision of the former managing director” and “cannot confirm the reason for not paying or reducing the retirement allowance. It was said.
In response, the fund decided to pay full retirement benefits for the former managing director as scheduled.
The former managing director returned 700,000 yen. Fund president Yasuhiro Mitsuma said, “It is true that there is a case where investment has failed, and how it will be connected next is important.”