Mizuho Financial Group, a major financial company, will introduce a retirement age system of 75 years old from next year for the "honorary advisors" who have served as presidents.
This is part of a review that is underway in response to a series of system failures.
At Mizuho Financial Group, experienced presidents have been appointed as honorary advisors to engage in activities that contribute to the business world and society.
Honorary advisers had no retirement age and were supposed to be whole life, but Mizuho decided to change this to a "special adviser" from July next year and set the retirement age to 75 years old.
As a result, six of the eight honorary advisors currently in the company are expected to retire.
Regarding the "advisors" and "advisers" of companies, it is unclear how they are involved in management, and four years ago, the Tokyo Stock Exchange requested listed companies to disclose the details of their operations and remuneration. It is provided.
Last year, Mizuho was in the process of reforming its corporate culture and reviewing corporate governance in response to a series of system failures, and as part of this, it decided to introduce a retirement age system for honorary advisors, which was officially announced in July. I'm going to do it.