Yamaguchi Financial Group, which owns Yamaguchi Bank and others, has decided to hold an extraordinary general meeting of shareholders next month to discuss the dismissal of former chairman Takeshi Yoshimura.
The board of directors resolved to resign last month because it was pointed out in an internal investigation that there was a "deviation of authority" to Mr. Yoshimura, but he did not accept it.
Yamaguchi Financial Group will hold an extraordinary general meeting of shareholders on the 24th of next month to discuss a proposal to dismiss Takeshi Yoshimura, a former chairman and CEO and now a non-representative director, from the board of directors on the 1st. I decided that.
Mr. Yoshimura has 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, but pointed out in an internal investigation that "there was a deviation in authority". Last month, the board of directors passed a resolution recommending resignation.
Mr. Yoshimura insisted that he was "not satisfied with the results of the internal investigation," and refused to accept the recommendation, so the company decided to consult with shareholders at the general meeting to dismiss Mr. Yoshimura.
If the majority of the shareholders agree at the extraordinary general meeting of shareholders, the director will be dismissed.