Department store operator Sogo Co. said Monday that it will set up a panel to examine management responsibility as a way to obtain public understanding for a controversial government bailout plan.
The internal task force will demand that former Chairman Hiroo Mizushima and other former executives responsible for the company's financial problems hand over personal assets to help cover the company's debts, Sogo said.
Sogo said it plans to set up the panel in the near future in consultation with the Financial Reconstruction Commission and the Deposit Insurance Corp.