Proposed member of Osaka City recommendation to Kanden management Mayor Matsui March 17 21:28
The largest shareholder of Osaka City, Mayor Matsui, responded to Kansai Electric Power's response to the problem that Kansai Electric Power had compensated for a portion of executive remuneration cut during periods of deteriorating business performance by retired executives. After criticizing, he expressed his wish to propose to the company to include members recommended by the city for management.
After the shutdown of the nuclear power plant in 2011, Kansai Electric Power Co., Ltd. stopped operating nuclear power plants, resulting in worsening business performance and cutting off some of the executive compensation. And secretly compensated for a total of 260 million yen.
In response, Mayor Matsui of Osaka, the largest shareholder of Kansai Electric Power, told reporters on Tuesday, "The management's opinion was that we would like to understand the increase in costs because we will cut labor costs. It's a ridiculous story, making up for the back side while saying it in the table. "
He said, "We are the largest shareholder of citizens' stock, so we would like to propose to management the people who have our thoughts, for example, as auditors and outside directors." In response, he stated that he would like to propose that the members recommended by Osaka City be included in the management team.