Toshiba board, CEO blasted by Glass Lewis for poor governance
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Tokyo
PROXY adviser Glass Lewis & Co has blasted Toshiba Corp's board for poor governance amid repeated scandals and recommended that investors vote against all directors at the company's shareholders meeting later this month.
In a 25-page report, the US firm detailed years of accounting troubles at the Japanese icon, clashes with accountants over financial statements, weak internal controls and management missteps that have put investors at risk of seeing their shares delisted from the Tokyo Stock Exchange.
Share with us your feedback on BT's products and services
TRENDING NOW
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Beijing’s calculated silence on the Iran war
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Vietnam formalises new state leadership, redefining ‘four pillars’ power balance
