Nomura Shareholders Are Urged to Reject CEO After Leak

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Nomura Shareholders Are Urged to Reject CEO After LeakCEO Koji Nagai “should be held responsible for the information leakage incident” and so his re-election to the board isn’t warranted, the influential proxy adviser wrote in a report on its recommendations for voting at Nomura’s annual shareholder meeting, which is scheduled for June 24. Japan’s financial regulator ordered Nomura to improve internal controls last month following revelations that its employees leaked non-public information on potential changes to listing criteria on the Tokyo Stock Exchange. Nagai, 60, took a 30% pay cut for three months, but vowed to stay on as CEO.

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