Japan's Hoya to launch $1.4 billion counterbid for Toshiba unit NuFlare
Hoya Corp. said Friday it would make a $1.4 billion counterbid for NuFlare Technology Inc. in what could become a hostile offer for the Toshiba Corp. unit the electronics conglomerate plans to buy out. Hoya's interest in the manufacturer of chipmaking equipment further complicates a ...
Toshiba's board discusses taking full control of some listed subsidiaries
Major machinery and electronics maker Toshiba Corp. is considering taking full control of some of its four listed subsidiaries, it has been learned. With Toshiba's board already discussing the matter, the company may reach a conclusion within this week at the earliest, informed sources said. The ...
SoftBank to tighten governance standards for firms it invests in: report
Following related issues at WeWork, SoftBank Group Corp. will introduce new standards to tighten corporate governance at companies in which it invests, the Financial Times reported Monday. SoftBank is expected to outline the new standards Wednesday, the British newspaper said, citing people briefed on the ...
Hiroto Saikawa's departure only adds to Nissan's uncertainty
Nissan Motor Co. has announced that CEO Hiroto Saikawa will step down next Monday, which will likely add another layer of dark clouds over the viability of the Yokohama-based automaker already mired in low profits, waning trust in corporate governance and a shaky alliance ...
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 ...
