Tokyo Barrister: Start the law firm bankruptcy

Chapter 753: Lawyer Kitahara

When the directors in the conference room heard Nakano talking about the bank's personnel decisions, their expressions suddenly became serious.

In banking, people are everything.

The higher you climb, the more power you will have.

This is an environment where subordinates must absolutely obey their superiors.

There is no room for bargaining.

Judging from Hanzawa's report, the Yoshizawa Trust case may involve other illegal loan issuance cases in the future. In particular, Hanzawa also mentioned the name Eriko.

At the beginning, the former Tokyo faction took advantage of the bad incident on Minghui Island to clean up the former industrial faction. Many members of the former industrial faction were thrown into prison. Will this horrific scene happen again?

None of the directors present had expected that God would be so kind to the former Tokyo faction. First, he gave them the Minghui Island incident, and now he gave them the Yoshizawa Trust case.

Most of the directors had not had time to carefully read the materials submitted by Hanzawa about Shirai's other illegal lending. But as long as you think about it casually, you will know that the materials collected by Hanzawa will definitely implicate a large number of people.

Shirai is able to hold the position of vice president today.

A solid network of interests has long been formed within the industry.

Once this network of relationships is torn apart, there will be bloodshed in the industry.

Everyone was looking at Nakano.

Let's see how this president will balance the bank's personnel structure.

Nakano continued, "Does anyone here have any opinions on the personnel arrangements related to the Yoshizawa Trust case?"

When it comes to such a crucial topic as personnel matters, the secretary is not even qualified to announce the procedures.

As the president finished speaking, there was dead silence again.

Again, no one spoke.

This was probably the quietest board meeting in the history of the Tokyo Central Bank.

In the past, board meetings were battlefields where the former Tokyo faction and the former industry faction attacked each other and engaged in fierce arguments.

It's so quiet right now that it's hard to get used to it for a while.

After a moment of silence, Nakano's voice broke the silence again:

"I noticed that many people from the Second Sales Department were suspended during this investigation. The Yoshizawa Trust Project was originally handled by the Second Sales Department. The relevant suspensions are also a normal decision of the bank. However, now that Vice Minister Hanzawa has ascertained the facts, the Second Sales Department was not at fault in the process. The relevant suspended personnel have been reinstated to their original positions."

All those who suspended Shirai were reinstated to their original positions.

This is an easy decision to understand.

However, Nakano's words are worth further consideration.

The suspension of the second sales department was actually Shirai's willful act. However, President Nakano stated that this was a normal decision. This means that Shirai's responsibility for the personnel decision will not be investigated.

The original Tokyo faction is undoubtedly the winner this time.

However, Governor Nakano's attitude seemed to be a warning to the former Tokyo faction.

It seemed as if he was intentionally or unintentionally discouraging those former Tokyo clique members who were coveting the position of bank president.

Or in other words, if Nakano can rationalize Shirai's arbitrary personnel arrangements, then Nakano can also rationalize his own personnel arrangements.

The directors present all sensed that there was something else behind Nakano's words.

This is the bank.

Even a simple sentence contains a huge amount of information.

"Regarding the personnel decisions regarding Shirai and others. We will wait until the Financial Services Agency's punishment is settled before taking any action." Nakano's voice sounded.

The former Tokyo faction were all shocked after hearing these words.

Wait until the punishment is settled before taking any action? This statement is equivalent to temporarily freezing the bank's current personnel arrangements.

The purge of the original industry faction did not come as expected.

Some of the former Tokyo faction directors showed confused expressions. Why not take advantage of this great opportunity to pursue and catch the original industry faction in one fell swoop? !

The struggle for power is always so subtle.

I can still vividly remember what Shirai roared in the conference room just now.

There is no original industry faction.

However, the power struggle is not going away.

The former Tokyo faction will certainly fall into division in the struggle for the position of bank president.

Kitahara listened to Nakano's words and understood his hidden meaning. This President Nakano is really a master of balance. Nakano is using the former industrial faction to restrain the former Tokyo faction. He has to fight with his opponents while guarding against his own people. Nakano has "taken great pains" to balance the factions and consolidate his power.

The personnel decision has been made.

Hanzawa's name was not mentioned directly throughout the whole process.

President Nakano's unpredictable attitude towards Hanzawa reappeared.

Hanzawa was the main contributor to the resolution of this case.

However, it seems inappropriate to single out Hanzawa and announce his reinstatement. Singling out Hanzawa gives people the illusion that he is being promoted. Mentioning Hanzawa's name but deciding to just reinstate him seems to be a subtle way of suppressing Hanzawa's "merits".

However, it would also be inappropriate to directly announce the promotion of Hanzawa.

Because doing so would probably further intensify factional conflicts within the bank.

No matter how the former Industrial faction is purged, even if all the senior executives are replaced by the former Tokyo faction, it cannot change the fact that half of the assets of the Tokyo Central Bank come from the Industrial Central Bank.

The operation of the Tokyo Central Bank is inseparable from the original industry group.

This is the harsh reality facing managers.

If Hanzawa's promotion was announced on the spot, it would be tantamount to pushing the remaining original industry factions to the opposite side.

Although the personnel decision announced by President Nakano consisted of only a few words, it contained many mysteries that require careful tasting to appreciate.

The next second, Nakano suddenly revealed a meaningful smile:

"Ladies and gentlemen, I propose to add a new agenda item to today's board meeting."

The sudden new agenda once again caught bank executives off guard.

This president really does surprise people.

Always making moves in the most unexpected situations.

President Nakano's eyes fell on the lawyer:

"This time, as an advisor to the Financial Services Agency, Attorney Kitahara provided very sincere and important opinions on many compliance issues of our bank, which is of great significance to our bank's improvement of its own business and management."

"We also saw that in the investigation of the Yoshizawa Trust case, Attorney Kitahara also obtained a conflict of interest exemption from the Financial Services Agency and provided professional legal representation for our bank's employees in conducting internal investigations."

"Since Mr. Kitahara has obtained the conflict of interest exemption from the Financial Services Agency, can we ask Mr. Kitahara to also serve as the attorney for the Tokyo Central Bank and represent our bank in communicating and coordinating with the Financial Services Agency?"

“Therefore, I would like to propose an additional motion to this Board of Directors to appoint Mr. Kitahara as our bank’s representative in this regulatory investigation. If this motion is passed, its ultimate validity will depend on whether Mr. Kitahara agrees to accept our bank’s appointment.”

"Directors."

"Please raise your hands to vote."

(End of this chapter)