Parent-subsidiary listings under closer scrutiny of Japanese investors

Business Sep 29, 2018

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

Business / Corporate Jun 20, 2017

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 ...