Nissan CEO Hiroto Saikawa signed off on Carlos Ghosn's retirement deal, panel says
Nissan Motor Co. Chief Executive Officer Hiroto Saikawa signed off on Carlos Ghosn's retirement package, an outside corporate-governance panel said, which could intensify scrutiny of his role in alleged financial improprieties by the former chairman of Nissan and Renault SA. Tokyo prosecutors have accused Nissan, ...
Corporate governance is improving, but not by enough
Poorly run companies are under international and domestic pressure to adopt global standards of capitalism.
Two months after the arrest of its chairman stunned Nissan Motor Co. and the entire global automotive industry, the carmaker is weighing abolishing the role altogether as it steps up reforms to rebuild its governance. Carlos Ghosn's downfall — the auto titan is accused of ...
Nissan Motor Co.'s board, whose lapses in oversight were revealed by the arrest of former Chairman Carlos Ghosn for alleged financial improprieties, has taken on expanded powers. The board widened the scope of decisions that require its approval and decided on an interim process to ...
How could Carlos Ghosn possibly have hidden billions of yen from Nissan?
How could one of the world's most visible employees go about hiding billions of yen worth of salary and benefits paid to him by one of the world's biggest companies, without the company knowing it? Two weeks after Tokyo prosecutors arrested Carlos Ghosn for allegedly ...
Ghosn's a victim of the Nissan world he made
The automaker remains steeped in outmoded traditions of corporate governance that Japan has left behind.
Parent-subsidiary listings under closer scrutiny of Japanese investors
Companies listed on stock exchanges along with their subsidiaries have come under closer scrutiny by investors due to continuing concerns over corporate governance. Such listings serve a dual purpose for parent companies, as they can maintain their influence over subsidiaries and at the same time ...
Toshiba board, CEO blasted by Glass Lewis for poor governance
Proxy adviser Glass Lewis & Co. blasted Toshiba Corp.'s board for poor governance amid repeated scandals and recommended investors vote against all directors at the company's shareholders meeting this month. In a 25-page report, the U.S. firm details years of accounting troubles at the Japanese ...
Who gains from corporate governance in Japan?
Perhaps managers need to channel the spooky kid from "The Sixth Sense" and start seeing shareholders everywhere, because that is probably closest to social reality in Japan.
Toshiba's latest confusion could complicate path to revival
Another scandal, revealed by a whistleblower, has hit already-embattled Toshiba Corp., further eroding the market credibility of its corporate governance. At noon Tuesday, the 140-year-old company, which has been working to put an accounting scandal behind it, missed a deadline to release an earnings report ...
Boardroom ghosts suddenly under scrutiny at Japanese firms
For as far back as people can remember, they've been there in boardrooms across Japan, the lingering ghosts of past regimes. They are the former presidents and executives who stick around for years in adviser roles after their stint at the top has finished. Old ...
Governance improves at Japan Inc., but scandals show compliance remains a challenge
It's not rare to see Japanese corporate executives bowing in apology for scandals resulting from weak governance and compliance, and then vowing to prevent a recurrence. A year after the introduction of a governance code urging companies to appoint multiple outside directors, many firms are ...
