Kansai Electric Power Co., Inc. President's remuneration reduced by 10% 20:21 on June 25 to show the attitude to restore trust
At the press conference after the shareholders' meeting, President Takashi Morimoto of Kansai Electric Power Co., Inc. announced that he would reduce the compensation of the president by 10% from next month to show his attitude toward restoration of trust.
In this regard, President Morimoto said that after the shareholders' meeting on the 25th, he changed to a "company with a nominating committee, etc." and "a system to strictly supervise execution was established. All executive officers including myself were determined I would like to reform it, and work hard so that it can be evaluated again by society."
In addition, it was clarified that the remuneration of some directors will be reduced to show the attitude to restore trust. Specifically, from next month, President Morimoto will reduce 10% from the previous year, and the three vice presidents will each reduce 6%.
Kansai Electric Power has filed a lawsuit seeking damage compensation of 1,936 million yen for the five former management teams, alleging that it caused damage to the company due to a series of scandals. I will.
As for the reason, President Morimoto explained, "Even if a lawsuit is filed, it is unlikely that the profit expected to be recovered will exceed the cost. After considering various effects, we decided that it is best not to raise it." Did.