Tag - corporate-governance



Toyota Industries President Koichi Ito (right) receives an operation correction order from transport ministry director-general Hirohisa Tsuruta at the transport ministry in Tokyo on Thursday.
BUSINESS / Companies
Feb 22, 2024
Japan transport ministry punishes Toyota affiliate over data-rigging
Despite the corrective order, the ministry said that it has not found any misconduct that warrants revoking approval for Toyota's automobile engines.
The volume of mergers and acquisitions linked to Japan has grown 43% so far this year.
BUSINESS / Companies
Feb 22, 2024
Japan sees dealmaking boom as mergers and acquisitions rise 43%
A strong stock market is giving companies more scope for acquisitions at a time when the government and investors are pressuring firms to bolster growth.
Teamshares, an American startup, is bringing its employee ownership succession model to Japan in its first overseas foray to offer employees path to buy small businesses.
BUSINESS / Companies
Feb 21, 2024
MUFJ-backed startup gives employees route to take over small firms
The Teamshares model could help 2.45 million small business owners who will be 70 or over by 2025, almost half of whom have yet to identify a successor.
Shoppers walk past an ID Hub, a Volkswagen showroom for electric cars, at a mall in Shanghai on Dec. 3, 2023.
BUSINESS / Companies
Feb 19, 2024
Firms with deep roots in China reconsider their Xinjiang ties
Volkswagen Group is reviewing the future of its joint venture in the Xinjiang region of northwestern China
The decisions by JPMorgan and State Street to quit a global investor coalition will collectively remove trillions of dollars from efforts to coordinate Wall Street action on climate change.
BUSINESS / Companies
Feb 16, 2024
JPMorgan and State Street quit climate group as BlackRock steps back
Financial firms have faced growing pressure from Republican politicians over their membership in such groups.
Volkswagen has long come under scrutiny over its factory in Urumqi in Xinjiang, which opened in 2013.
BUSINESS / Companies
Feb 15, 2024
Pressure mounts on Volkswagen to exit China's Xinjiang region
The carmaker said it was discussing the future of its activities in the region, following fresh allegations of human rights abuses.
Masahiro Inoue, incoming chief executive officer of Daihatsu Motor, during a news conference in Tokyo on Tuesday
BUSINESS / Companies
Feb 13, 2024
Toyota replaces Daihatsu chief after safety scandal
Masahiro Inoue, the CEO of Toyota Latin America, will replace Soichiro Okudaira effective March 1.
Daihatsu President Soichiro Okudaira submits a report to transport minister Tetsuo Saito on measures the automaker will take to prevent a recurrence of safety testing fraud, on Friday in Tokyo.
BUSINESS / Companies
Feb 10, 2024
Daihatsu reports measures to prevent recurrence of testing fraud
"We want to implement recurrence prevention measures firmly and make the company capable of doing its job properly," the firm's president said.
The “dogeza” position is used for the sincerest of apologies and it was deployed by the man who mistakenly ruined an attempt at a Guinness world record on live television.
Feb 9, 2024
The year so far has been marked by some good and bad apologies
A social norm seems to persist in Japan that one should apologize first and explain later. That goes for companies as well.
Women workers demand equal pay during a protest in Melbourne.
Feb 7, 2024
Asia is fighting off the diversity backlash
Gender equality is at a crossroads amid a corporate backlash that is threatening progress in in workplace diversity.
Samsung Electronics Chairman Jay Y. Lee arrives at a court in Seoul on Monday.
ASIA PACIFIC / Crime & Legal
Feb 5, 2024
Samsung chief Jay Y. Lee cleared of charges in 2015 merger case
The sentence prevents a return to jail for Lee who was convicted in 2017 of bribing a friend of former President Park Geun-hye.
After suffering a bruising loss this week in Delaware's Chancery Court that voided his $56 billion pay package, Musk said that Tesla would "move immediately to hold a shareholder vote to transfer state of incorporation to Texas."
Feb 2, 2024
Shifting Tesla incorporation to Texas may not give Musk what he wants
Musk is not the first corporate leader to suffer a loss in a Delaware court and question the state's position on companies.
Fujitsu apologized for its role in the wrongful conviction of more than 900 subpostmasters in the U.K. who used its accounting software.
BUSINESS / Companies
Feb 1, 2024
Fujitsu promises better quality control after U.K. scandal
The Tokyo-based technology company is the subject of an inquiry into a glitch in its Horizon accounting software used by the U.K. Post Office.
Mitsuko Tottori (right), incoming president of Japan Airlines, and Yuji Akasaka, outgoing president, during a news conference in Tokyo on Jan. 17
BUSINESS / Companies
Jan 31, 2024
Japan opens door to more women directors, but managers still rare
Women account for only 13.4% of directors and executive officers at the 1,836 firms listed on the TSE's Prime market, and of these 13% are internal hires.
Elon Musk
BUSINESS / Companies
Jan 31, 2024
Musk’s $55 billion Tesla pay package struck down, threatening status
Worth some $51.1 billion, Musk's Tesla options were one of his most valuable assets. Without them his net worth would drop to $154.3 billion.
Toyota Motor Chairman Akio Toyoda speaks during a news conference in Nagoya on Tuesday.
BUSINESS / Companies
Jan 30, 2024
World No. 1 but mired in scandal: Toyota sees mixed start to 2024
Despite the steady performance of its business, the carmaker has been shaken by wrongdoing at group firms, leading to an apology from the chairman.
Warren Buffett's Berkshire Hathaway is one of the largest shareholders in all five of Japan's biggest trading companies.
BUSINESS / Companies
Jan 30, 2024
Buffett reversal risk pushes Japan firms to diversify investors
Berkshire is one of the largest shareholders in all five of Japan’s biggest trading companies.
Mitsui & Co. employees hold a meeting at its headquarters in Tokyo. The company introduced a stock-based compensation system in 2020.
BUSINESS / Companies
Jan 29, 2024
Growing number of Japan firms adopt stock-based worker compensation
The practice underscores the belief that fostering growth can be achieved through effective human capital management.
A Kubota M96S tractor is shown at the 47th Annual World Ag Expo in Tulare, California, in February 2014.
BUSINESS / Companies
Jan 27, 2024
Kubota hit with $2 million penalty over false 'Made in USA' claims
In addition to the penalty, Kubota will be prohibited from making deceptive claims, according to a court order filed by the U.S. Justice Department.
Sompo Holdings' Kengo Sakurada is planning to step down as the company's CEO at the end of March.
BUSINESS / Companies
Jan 23, 2024
Sompo Holdings' CEO to resign over handling of Bigmotor wrongdoing
The Financial Services Agency has ended its on-site inspections of Sompo Holdings and Sompo Japan and is expected to issue business improvement orders.


Hideo Shimoju points to a possible site that his fellow neighbors may relocate to. Such relocations have happened before, but not preemptively.
In disaster-prone Japan, some communities consider major moves