Yamaguchi Financial Group, which owns Yamaguchi Bank and others, passed a resolution recommending resignation to former chairman and current director Takeshi Yoshimura at the board of directors meeting on the 14th, saying that there was an act unsuitable for a director during his time as chairman. Officially announced that it was done.
According to the people concerned, Mr. Yoshimura did not accept the recommendation, so the company will hold an extraordinary general meeting of shareholders and propose the dismissal of the director.
Yamaguchi Financial Group officially announced at its board of directors meeting on the 14th that it has passed a resolution recommending resignation to Takeshi Yoshimura, a former chairman and CEO who is now a non-representative director.
All nine directors, excluding Mr. Yoshimura himself, agreed with the resolution.
It is extremely unusual for a bank to pass a resignation recommendation resolution to a former top management.
Regarding the reason for the resolution, Mr. Yoshimura said that he had been under the hood planning to establish a new bank jointly with a major consumer finance company since November last year when he was chairman. It is a governance issue, and if left unchecked, there is a risk of damaging corporate value, and Mr. Yoshimura does not have the qualifications of a director. "
Regarding the establishment of a new bank, it was pointed out in an internal investigation that there was a "deviation of authority".
Former chairman did not accept the recommendation
On the other hand, according to the people concerned, Mr. Yoshimura did not accept the recommendation, and the company will hold an extraordinary general meeting of shareholders and propose the dismissal of the director.
At the press conference, President Keisuke Rinashi stated that he would "make the governance system, which is the foundation of management, sound and strive for appropriate coexistence with stakeholders," and expressed his intention to improve the organizational system.