Toshiba Nuclear Debacle Puts Governance in Spotlight - My Comments

posted by Nicholas Benes on April 3, 2017 - 9:50am

Do others agree? We should not gang up on Toshiba so much as ask the question, what are the commonalities?, - if any. "Nicholas Benes, head of the Board Director Training Institute of Japan and one of the architects of Japan’s 2015 corporate governance code that sought to make the country’s companies more investor friendly, says Toshiba’s governance failures encapsulate broader shortcomings in corporate Japan.
"Many of the issues that we identify as corporate governance shortcomings in Japan are reflected in Toshiba’s story,” he adds. “The generic commonality is that governance has a lower priority in many Japanese companies than hierarchy, human relations, and maintaining employment.”

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