FUKUDA DENSHI CO.,LTD. [6960.T]
TOKYO, Jun 25 (Pulse News Wire) – Fukuda Denshi CO.,LTD. (6960.T) announced on June 25 that it has established an independent committee to investigate misconduct involving improper expense utilization by former chairman Kazutaro Fukuda.
The decision was made during a board meeting held on the same day. The committee's purpose is to ensure thorough investigation, analysis of causes, and effective preventive measures for the identified misconduct. It includes three members: Chairman Shoichi Habamura, a lawyer from Matsui Law Office and former Chief Justice of Nagoya High Court; Member Mitsuharu Nishimura, a partner at Matsuo Comprehensive Legal Office; and Member Mihoko Nasu, a certified public accountant and partner at PwC Aarata.
All members are deemed impartial due to their lack of conflict of interest with the company. The committee will undertake several tasks, including investigating the extent and nature of the misconduct, examining governance issues related to the incident, analyzing the root cause, proposing preventive strategies, and addressing any additional matters deemed necessary. The company stated it would fully cooperate with the committee’s investigation and promptly disclose the findings upon completion.
Additionally, existing prevention measures will be refined based on feedback from the audit committee, external experts, and the committee’s results, ensuring swift implementation.
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