Japan's Nomura Holdings Inc won shareholder approval on Monday for the re-a...
FILE PHOTO: Nomura Holdings' Chief Executive Officer Koji Nagai attends an interview with Reuters in Tokyo, Japan, February 9, 2016. REUTERS/Yuya Shino
CEO Koji Nagai kept his job despite opposition from influential proxy advisory firm Institutional Shareholder Services Inc, which had recommended shareholders vote against his re-appointment. Nomura was ordered by the financial watchdog last month to improve its internal controls following the leak of information related to listing and delisting criteria at the Tokyo Stock Exchange.
The meeting lasted for more than three hours as shareholders threw questions at executives. When asked why he did not resign, Nagai said he felt a duty to “steadily proceed with business improvement measures”.
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