Scandal-hit Nomura wins shareholder approval for re-appointment of CEO

FAN Editor 5 years ago
FILE PHOTO: Nomura Holdings' Chief Executive Officer Nagai attends an interview with Reuters in Tokyo
FILE PHOTO: Nomura Holdings’ Chief Executive Officer Koji Nagai attends an interview with Reuters in Tokyo, Japan, February 9, 2016. REUTERS/Yuya Shino

June 24, 2019

TOKYO (Reuters) – Nomura Holdings Inc won shareholder approval on Monday for the re-appointment of its chief executive officer, after an influential proxy advisor had recommended a vote against the move due to an information leakage incident.

Japan’s financial watchdog last month ordered the country’s largest investment bank and brokerage to improve its business practices as it had improperly handled market information.

Proxy advisory firm Institutional Shareholder Services Inc had urged shareholders not to support the re-appointment of Koji Nagai, who became the group CEO in 2012.

(Reporting by Takashi Umekawa; Editing by Stephen Coates)

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