Japan: Japan’s Kansai Electric vows to improve governance after bribery scandal

Kansai Electric Power Co. on Monday pledged to improve its corporate governance in the wake of a scandal in which the former deputy mayor of a town hosting one of its nuclear plants was found to have bribed company executives.

In a plan submitted to the Ministry of Economy, Trade and Industry, the company said it appointed Sadayuki Sakakibara, a former head of the Japan Business Federation, or Keidanren, as chairman, subject to approval at an extraordinary shareholders’ meeting in June.

The post had remained vacant since last October when Makoto Yagi stepped down to take responsibility for the scandal.

The full original article can be found at mainichi.jp

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