TEPCO Chairman Tsunehisa Katsumata is pictured during a Diet session on Feb. 15, 2012. (Mainichi)
via Mainichi Daily / February 25, 2012 /
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.
