NHK has learned that the Tokyo Stock Exchange's parent company plans to cut its CEO's pay over alleged insider trading by a former employee of the bourse.
The former worker was indicted last month without arrest on charges of providing his father with undisclosed corporate takeover information.
Sources say the pay cut is aimed at clarifying the management responsibility of Japan Exchange Group CEO Yamaji Hiromi.
They say the Group also plans to punish another executive. It's expected to decide on the penalties on Thursday.
A report by an independent committee of external directors looking into the causes and other details of the incident is expected to be released on the same day.
The former TSE employee was indicted on charges of violating the Financial Instruments and Exchange Act.
The former worker was indicted last month without arrest on charges of providing his father with undisclosed corporate takeover information.
Sources say the pay cut is aimed at clarifying the management responsibility of Japan Exchange Group CEO Yamaji Hiromi.
They say the Group also plans to punish another executive. It's expected to decide on the penalties on Thursday.
A report by an independent committee of external directors looking into the causes and other details of the incident is expected to be released on the same day.
The former TSE employee was indicted on charges of violating the Financial Instruments and Exchange Act.
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Summary
Tokyo Stock Exchange's parent company, Japan Exchange Group, is reportedly reducing CEO Hiromi Yamaji's salary due to an insider trading allegation against a former employee. The employee was indicted last month for undisclosed corporate takeover information sharing. The pay cut aims to clarify
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ID: 24e7b148-d56c-415d-9b37-f8720e5bf07f
Category ID: nhk
URL: https://www3.nhk.or.jp/nhkworld/en/news/20250129_B05/
Created: 2025/01/30 07:00
Updated: 2025/12/08 06:43
Last Read: 2025/01/30 07:26