Tag - corporate-governance

 
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December 05, 2024
 

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CORPORATE GOVERNANCE

Unattended picket signs are piled up outside a Boeing facility in Seattle on Monday, after unionized workers voted to end their strike.
BUSINESS / Companies
Nov 6, 2024
Boeing CEO in battle to mend rifts after bitter strike ends
The strike exposed divides that run right through the company.
Nomura Holdings said it paid the penalty on Thursday and apologized to clients and concerned parties.
BUSINESS / Companies
Oct 31, 2024
Nomura fined by Japan regulator for bond market manipulation
The fine, while small, may hurt Nomura’s reputation at a time when it is refocusing on Japan as a key growth area for its trading and investment banking operations.
Tsunehisa Katsumata was known for his quick decision-making, which earned him the nickname “Razor Katsumata.”
JAPAN
Oct 31, 2024
Former Tepco chairman Tsunehisa Katsumata dies at 84
Katsumata was the company's point man after the Fukushima No. 1 nuclear power plant went into meltdown in the wake of the 2011 Great East Japan Earthquake.
The number of female directors among firms in the Tokyo Stock Exchange’s prime market will need to more than double in the next six years to meet the government target of having women make up 30% of board members at major firms by 2030.
BUSINESS / Companies
Oct 31, 2024
Rush for female directors stumbles on weak pipeline in Japan
With almost no women rising to become internal directors, companies will have no choice but to recruit them from outside.
Nomura Holdings CEO Kentaro Okuda. In addition to the financial penalties for market manipulation, Nomura is suffering a fresh blow to its reputation following various scandals over recent years including several data leaks.
BUSINESS / Companies
Oct 30, 2024
Trader's $10,000 spoofing profit haunts Nomura as the fallout widens
The firm’s problems are deepening as Nomura's rivals double down on efforts to poach clients.
Traffic in the Yeouido financial district of Seoul
BUSINESS / Companies
Oct 30, 2024
Ex-Goldman banker-turned-billionaire takes on South Korea’s chaebol
While private equity’s involvement in South Korea's economy has grown over the last two decades, few have taken on the powerful, family-run conglomerates.
Olympus CEO Stefan Kaufmann has resigned over an allegation he bought illegal drugs, the company announced Monday.
BUSINESS
Oct 28, 2024
Olympus CEO exits after probe into drug-buying allegation
Stefan Kaufmann has resigned all positions effective immediately, the company said in a statement.
The number of female CEOs in Japan in 2024 rose 37,038 from the year before, or by 6%.
BUSINESS
Oct 25, 2024
Proportion of female CEOs in Japan breaks 15% for first time
Survey finds progress but notes that prejudice based on gender roles remains an issue.
Ryuichi Isaka, CEO of Seven & I Holdings, speaks during a news conference in Tokyo in April. Isaka is now assuring investors that the group's revenue will likely almost double by the 2030 fiscal year.
BUSINESS
Oct 24, 2024
Facing buyout bid, Seven & I tells investors sales will double by 2030
The retailer aims to reach ¥30 trillion in group sales by the 2030 fiscal year, with a greater contribution from convenience-store operations in markets abroad.
The headquarters of HSBC in the Canary Wharf financial district in London
BUSINESS / Companies
Oct 23, 2024
HSBC revamp by new CEO Elhedery stumps staffers and investors alike
The firm's new CEO just unveiled the biggest overhaul of the company in at least a decade, but it was missing some key details for employees and investors.
Honda CR-V sports utility vehicles bound for shipment at a port in Yokohama in May 2022. Honda is recalling more than 720,800 vehicles in the U.S. over concerns that a high-pressure fuel pump may crack and leak fuel, the National Highway Traffic Safety Administration has said.
BUSINESS
Oct 23, 2024
Honda recalling 780,000 vehicles in North America on fuel pump concern
The recall includes certain Accord, CR-V Hybrid and Honda Civic vehicles from model years 2023-25, the National Highway Traffic Safety Administration has said.
JR Central is believed to have been involved in a bid-rigging case as a coordinator.
JAPAN / Crime & Legal
Oct 22, 2024
JFTC inspects JR Central and others for suspected bid-rigging
They are suspected of conspiring to decide in advance which company would win contracts for land bridge inspection work on 10 of JR Central's lines.
Apple CEO Tim Cook
BUSINESS / Companies
Oct 22, 2024
Apple CEO Tim Cook’s other job: Helping Nike turn things around
Cook has carved out a role as one of Nike’s closest outside advisers over the last 19 years and is the company’s lead independent director.
James Gorman, who was named to the Disney board this year and later put in charge of succession planning, will become Disney’s chairman on Jan. 2, 2025, the company said.
BUSINESS / Companies
Oct 22, 2024
Disney taps Morgan Stanley's Gorman as chair and will name CEO Iger's replacement in 2026
Morgan Stanley veteran James Gorman will become chairman of Disney's board on Jan. 2, and will lend a helping hand in the decision-making process.
Since the Abu Dhabi takeover in 2008, Manchester City has gone from a middling team to winning six of the last seven Premier League titles, an unprecedented success in over 130 years of English soccer.
COMMENTARY / World
Oct 21, 2024
Soccer needs to avoid a tyranny of the rich
A dispute between the Premier League and Manchester City has both sides claiming victory.
At least 10 firms have temporarily suspended some business activities with Nomura because of its market manipulation scandal.
BUSINESS / Companies
Oct 18, 2024
Big clients halt trades with Nomura over market manipulation scandal
At least 10 firms have temporarily suspended some business activities with Japan's biggest brokerage because of the breach.
Alimentation Couche-Tard and Seven & I Holdings directly compete in thousands of locations across the United States, with more than 45% of Circle Ks within two miles of a 7-Eleven or related store.
BUSINESS / Companies
Oct 18, 2024
Couche-Tard’s 7-Eleven overlaps to face skeptical U.S. FTC review
More than 45% of Circle Ks are within two miles of a 7-Eleven or related store.
The success of Seven & I's major restructuring plan depends on the retailer's ability to roll out a new store format in Japan, and improve profit margins overseas, analysts say.
BUSINESS / Companies / ANALYSIS
Oct 15, 2024
7-Eleven's turnaround plan requires heavy lifting to stop takeover bid
Much depends on the retailer's ability to roll out a new store format in Japan and improve profit margins overseas.
The Tokyo Stock Exchange's push to get companies to outline capital allocation plans has spurred investors to question management teams seen falling short, said Georgeson CEO Cas Sydorowitz.
BUSINESS / Companies
Oct 15, 2024
Japanese company shareholders increasingly challenge management
Shareholder resistance is now routinely a feature of Japan's annual general meeting season.
Toshinori Yashiki, a senior official at the Financial Services Agency, says the regulator will examine Japanese megabanks’ lending to private equity and other funds in the U.S. for risk management.
BUSINESS / Companies
Oct 15, 2024
Japan regulator to scrutinize megabanks’ lending to U.S. funds
The nation's largest banks are increasing what is known as subscription finance and lending to funds that provide equity or credit to private companies.
South Korea's Yoon backs down after parliament rejects martial law
Soldiers try to enter the National Assembly building in Seoul, after South Korea President Yoon Suk Yeol declared martial law late Tuesday evening.
BOJ weighs case for first triple hike since Japan’s bubble burst
Bank of Japan Gov. Kazuo Ueda reiterated in an interview published Saturday that authorities will raise rates if the economy performs in line with projections.
Australian says romance scam tricked her into smuggling drugs into Japan
Donna Nelson says her life was turned upside down when she learned that the man she was falling for had tricked her into smuggling 2 kilograms of methamphetamine into Japan.
Jetstar Japan loses lawsuit over disciplinary action against cabin crew
Jetstar Japan has been ordered to pay back wages to two cabin crew members for the periods they were suspended.
Nomura CEO takes pay cut after former employee charged with attempted murder
Kentaro Okuda, CEO of Nomura Holdings, speaks during a news conference in Tokyo on Tuesday.
U.S. Space Force launches first unit in Japan
Activated on Wednesday, U.S. Space Forces Japan — a component similar to the one established at South Korea’s Osan Air Base in 2022 — will operate out of Yokota Air Base in the city of Fussa, western Tokyo, with a staff of about 10.
Can Japan's scientific community rebound from a Nobel nosedive?
The National Museum of Emerging Science and Innovation in Tokyo is a popular place to foster curiosity in the natural sciences.
Europe eyes 'boots on the ground' in Ukraine as possible peace deal option
A serviceman with the Ukrainian Army's 24th mechanized brigade fires a machine gun during an exercise, amid Russia's attack on Ukraine, in the country's Donetsk region on Friday.
Seven strangers and an algorithm: Can this new dinner app help you make friends?
Timeleft uses an algorithm to match its users with five or six strangers in an effort to prompt “human connection” over dinner at a restaurant. It determines the attendees with the help of a simple personality quiz available when you sign up for the service.
Don’t worry, you can still use your Japan health insurance card — for now
A My Number card reader at a pediatric clinic in Tokyo. While the government will stop issuing new health insurance cards on Monday, most people will remain unaffected by the move in the short term as existing health insurance cards can still be used for another year.

Podcast

One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
Kabukicho: Tokyo’s ‘stadium of desire’

Longform

The National Museum of Emerging Science and Innovation in Tokyo is a popular place to foster curiosity in the natural sciences.
Can Japan's scientific community rebound from a Nobel nosedive?
By Tomoko Otake

SUSTAINABLE JAPAN

Azabudai Hills, Tokyo’s green new downtown ‘village’
Azabudai Hills, Tokyo’s green new downtown ‘village’

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