Nomura Unveils Code of Conduct for Executives, Employees


Tokyo, Dec. 3 (Jiji Press)--Nomura Holdings Inc. <8604> on Tuesday released a 19-point code of conduct for its executives and employees in the wake of information leaks that resulted in an administrative action against the Japanese securities house.

The Financial Services Agency issued a business improvement order to the company and its Nomura Securities Co. unit in May for leaking information about the Tokyo Stock Exchange's review of its listing criteria.

The code of conduct "will be well understood throughout the organization," Koji Nagai, Nomura's group chief executive officer, said in a briefing for institutional investors.

The document explains about proper handling of information, compliance and 17 other topics, with detailed advice offered in a question-and-answer format.

For example, to a question asking about the advisability of giving customers advantageous information not restricted by laws and regulations, the document answered that providing some customers with undisclosed information that can affect share prices could damage market impartiality.

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