Kansai Electric Power Co. Chairman Makoto Yagi and four other executives on Wednesday stepped down to take responsibility for a scandal in which company executives received gifts from a former official of a town hosting one of its nuclear power plants."I would like to make clear my responsibility," Yagi, 69, said at a press conference in Osaka, adding the company failed to address the scandal because of a lack of corporate governance, leaving the problem for individual executives to handle on their own.President Shigeki Iwane said he will resign when a third-party panel releases the results…READ FULL ARTICLE
