The Tokyo Stock Exchange's parent company says it's cutting pay for three executives over alleged insider trading involving a former employee.
The individual was indicted last month without arrest on charges of providing his father with undisclosed corporate takeover information.
Japan Exchange Group is reducing executive compensation for CEO Yamaji Hiromi by 50 percent for two months. It imposed the same penalty on Tokyo Stock Exchange President and CEO Iwanaga Moriyuki.
A TSE director in charge of listings was given a 20 percent pay cut for two months.
The company also released the results of an investigation by independent directors.
It says the firm failed to anticipate that an employee could violate insider trading regulations. The report calls for improved worker education.
The individual was indicted last month without arrest on charges of providing his father with undisclosed corporate takeover information.
Japan Exchange Group is reducing executive compensation for CEO Yamaji Hiromi by 50 percent for two months. It imposed the same penalty on Tokyo Stock Exchange President and CEO Iwanaga Moriyuki.
A TSE director in charge of listings was given a 20 percent pay cut for two months.
The company also released the results of an investigation by independent directors.
It says the firm failed to anticipate that an employee could violate insider trading regulations. The report calls for improved worker education.
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Summary
Tokyo Stock Exchange's parent company, Japan Exchange Group, is reducing pay for three executives due to alleged insider trading involving a former employee. The executive in question was indicted last month for providing undisclosed takeover information to his father. CEO Yamaji Hiromi faces a
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ID: af15a595-8de9-4fa2-b9e9-774a0f8af534
Category ID: nhk
URL: https://www3.nhk.or.jp/nhkworld/en/news/20250130_B06/
Created: 2025/01/31 07:00
Updated: 2025/12/08 06:41
Last Read: 2025/01/31 07:39