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Too much scrutiny? Consensus lacking on Japanese corporate governance

After it was revealed camera-maker Olympus had covered up a $1.7 billion hole in its accounts, the whistleblower was sacked while the board kept their job. While some see this as an important call to action on the lack of strong checks and balances in Japanese companies, Japan’s big business lobby has drawn the opposite […]
Myriam Robin
Myriam Robin

After it was revealed camera-maker Olympus had covered up a $1.7 billion hole in its accounts, the whistleblower was sacked while the board kept their job. While some see this as an important call to action on the lack of strong checks and balances in Japanese companies, Japan’s big business lobby has drawn the opposite conclusion. Read The Economists’ take