1. Toshiba Needs 'prompt, appropriate' disclosure, Tokyo Stock Exchange Chief Says

    Toshiba Needs 'prompt, appropriate' disclosure, Tokyo Stock Exchange Chief Says

    The Tokyo Stock Exchange (TSE) wants Toshiba Corp to make "prompt and appropriate" disclosure about its widening governance scandal, including who was responsible, the head of the bourse said, adding transparency remained a problem. Hiromi Yamaji also told Reuters that activist investors - who have been in focus because of Toshiba - can be a force for better shareholder engagement at Japanese companies and help improve governance...

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    1. The lack of transparency is the biggest problem at Toshiba.
    2. The presence of such activists could be positive in a sense that they can foster dialogue between shareholders and companies, as encouraged by Japan's corporate governance code.
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