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information about Fukushima published in English in Japanese media info publiée en anglais dans la presse japonaise

Get rid of them all

February 25, 2012

Gov't to demand resignation of entire TEPCO board

http://mdn.mainichi.jp/mdnnews/news/20120225p2a00m0na011000c.html

 

The government is set to demand that all 17 board members of Tokyo Electric Power Co. (TEPCO), operator of the crippled Fukushima nuclear plant, resign at the utility's next shareholder meeting in June, government sources said.

In return for the planned infusion of about 1 trillion yen in public funds, officials have deemed it necessary to replace all TEPCO's board members to clarify their responsibility for the nuclear crisis.

The plan will be incorporated into a comprehensive business plan that the government-backed Nuclear Damage Liability Facilitation Fund (NDF) and TEPCO will work out in March.

The government will force TEPCO Chairman Tsunehisa Katsumata, who has announced his intention to step down, to give up his retirement allowance, and halve the number of the utility's board members.

The government intends to appoint an outsider such as a private company president to replace Katsumata.

Many government and NDF officials are calling for the appointment of younger TEPCO employees to the board, citing the need for a smooth handover of the handling of nuclear crisis compensation. NDF and other relevant bodies are selecting deputy general managers and department managers at the TEPCO headquarters as well as branch managers to fill positions on the board excluding chairman.

Economy, Trade and Industry Minister Yukio Edano has apparently deemed it necessary for not only the TEPCO president and chairman but the entire board to step down to avoid giving the public the impression that the infusion of public funds is aimed solely at bailing out the utility, according to government sources.

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