Green Monster CEO's Inappropriate Remarks Spark Governance Reforms

TOKYO, Aug 03 (Pulse News Wire) – Green Monster Inc. (157A.T) disclosed on Thursday that it had received a report from an independent committee investigating remarks made by its CEO, Ryō Ogawa, during a private dinner in February 2023.

Despite acknowledging his mistake, Ogawa will retain his position but will voluntarily return part of his compensation for three months starting July 2026. The board accepted the committee’s recommendations and decided against removing Ogawa from his role due to the isolated nature of the incident and his willingness to take responsibility.

To prevent future occurrences, the company plans to implement measures such as regular ethics training for executives, clearer harassment policies, and enhanced monitoring through periodic compliance surveys. Green Monster also committed to improving its governance structure, emphasizing early detection and resolution mechanisms for executive misconduct.

Details of these initiatives will be disclosed via the company website and securities reports over the next year.