Chubu Electric Power Company, Incorporated | Dismissal of Director (2) at Chubu Electric Power Company, Incorporated

Status
AGM passed
AGM date
Previous AGM date
Proposal number
6
Resolution details
Company ticker
9502
Resolution ask
Amend board structure
ESG theme
  • Governance
ESG sub-theme
  • Whistleblowing
Filer type
Shareholder
Company sector
Utilities
Company HQ country
Japan
Resolved clause
The following Director shall be dismissed: Director: Kingo Hayashi
Supporting statement
Regarding the falsification of design basis ground motion data at the Hamaoka Nuclear Power Station, the failure of the internal whistleblowing system, the continued concealment even after inquiries from the Nuclear Regulation Authority which had prevented the Company from finding the misconduct at the early stage, failure to disclose the misconduct promptly after the Company’s grasping the misconduct, inadequate submission of materials in response to inquiries from the Nuclear Regulatory Authority, etc. shows serious lack of governance capacity. In a press conference held on January 5, 2026, when asked whether the location of the nuclear power station in the presumed epicenter zone of a massive Nankai Trough earthquake might have led to the data manipulation, Mr. Hayashi made remarks suggesting that “what is important for site suitability is not the address but the accountability. If we give a clear account of suitability, we can pass the review, so I think that Hamaoka is suitable.” Rather than humbly accepting the unsuitability of the site, he pressed employees to make the application pass the review, which resulted in the misconduct. Accordingly, it is clear that he is disqualified for a Director.

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