The Tokyo Stock Exchange plans to call on listed companies to disclose information about their corporate advisers and consultants on a voluntary basis.
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 ...
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.
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 ...
Sumitomo Mitsui Financial Group Inc. plans to set up a nominating committee next year in accordance with revised corporate law that calls on outside directors to take leading roles in appointing top executives, a practice designed to ensure greater management transparency. The move is geared ...
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 ...
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 ...
A spat is rocking one of Japan's most popular Internet companies after the founder moved to kick out the board, enraging staff and sending shares tumbling. Akimitsu Sano, who owns 44 percent of Cookpad Inc., shocked investors in January by calling on them to dump ...
Mizuho Financial Group Inc. is doing away with the kind of opaque leadership selection process that's common in the nation, vowing to ensure its next chief executive is chosen openly and fairly. The successor to CEO Yasuhiro Sato will be determined by a group of ...
Jamie Rosenwald, who's been buying Japanese shares since 1972, says short-sighted activists are failing to make the most of one of the biggest opportunities for investors in decades. Prime Minister Shinzo Abe's governance overhaul is about getting executives to invest excess capital, not just give ...
One day, Japan's biggest overhaul of rules for companies in decades will make them more efficient. Right now it's making things worse. So says Toshiaki Oguchi, part of a group handpicked by the government to give a verdict on how well new codes for investors ...
The Toshiba scandal should be an impetus for the Abe government to do even more to improve corporate governance.
