Tag - corporate-governance

 
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July 16, 2024
 

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CORPORATE GOVERNANCE

The Veolia Southwark Integrated Waste Management Facility in London.
ENVIRONMENT / Sustainability
Jul 11, 2024
Nestle quietly shifted recycling goals as plastics problem grows
Nestle changing its plastics goal means 280,000 metric tons of additional nonrecyclable plastic waste a year, according to the latest available data for 2022.
When Microsoft took a non-voting, observer position on OpenAI's board in November, it triggered unease among antitrust watchdogs in the European Union, Britain and the United States over how much control it exerts over the artificial intelligence startup.
BUSINESS / Companies
Jul 11, 2024
Microsoft ditches OpenAI board observer seat to avert antitrust scrutiny
The move comes amid concerns among British and U.S. antitrust watchdogs over Microsoft's influence over OpenAI and the latter's independence.
The Tokyo District Court has ordered advertising agency Hakuhodo to pay ¥200 million in fines for violating the antimonopoly law in a bid-rigging case linked to the 2020 Tokyo Olympics and Paralympics.
JAPAN / Crime & Legal
Jul 11, 2024
Hakuhodo ordered to pay ¥200 million over Tokyo Games bid-rigging
The firm is the first to receive a court ruling over a high-profile series of cases linked to the Olympics and Paralympics.
Nintendo is among the big name companies in which Kyoto Financial Group has cross-held shares.
BUSINESS / Companies
Jul 9, 2024
Kyoto bank defies call to unwind holdings after $6-billion gain
Kyoto Financial Group has amassed unrealized profits of more than $6 billion on holdings in other firms.
Boeing 737 MAX aircraft are assembled at the company’s plant in Renton, Washington, on June 25.
BUSINESS / Companies
Jul 9, 2024
Boeing in talks with U.S. Defense Department on impact of guilty plea
The plea in relation to two fatal crashes involving its planes in 2018 and 2019 potentially threatens the company's ability to secure lucrative government contracts.
An MUFG Bank employee allegedly leaked insider information to relatives about a client company.
BUSINESS / Companies
Jul 9, 2024
MUFG bank worker suspected of leaking undisclosed client info
The securities market watchdog suspects the employee of violating financial laws by giving relatives undisclosed information about a client company.
Boeing 737 MAX aircraft are assembled at the company’s plant in Renton, Washington, on June 25.
BUSINESS / Companies
Jul 8, 2024
Boeing to plead guilty to fraud in U.S. probe of fatal 737 MAX crashes
Boeing will plead guilty to lying to the FAA about a software feature on the MAX, which saved money by reducing pilot training requirements.
Toyota Customizing & Development, a Toyota subsidiary, broke the subcontract payment law, the Fair Trade Commission said.
BUSINESS / Companies
Jul 5, 2024
Toyota unit violated subcontractor protection law: regulator
Yokohama-based Toyota Customizing & Development broke the law by having dozens of suppliers store metal die casts and other items without paying any storage fees.
Financial groups will sell Honda Motor shares worth ¥535 billion to unwind cross-shareholdings, according to a regulatory filing.
BUSINESS
Jul 4, 2024
Insurers and banks to sell Honda shares worth $3.3 billion, filing shows
The move offers a sign that the unwinding of cross-shareholdings is catching pace in Japan.
Shareholders enter a venue for an annual general meeting of Mitsubishi UFJ Financial Group held in Tokyo's Minato Ward on Thursday.
BUSINESS / Companies
Jul 3, 2024
Japan marks record high number of individual shareholders in fiscal 2023
The increase reflected stock price rises and a decrease in investment units due to stock splits, which made it easier for individuals to buy shares.
Mizuho Financial Group is seeking to develop its business in Europe, the Middle East and Africa.
BUSINESS / Companies
Jul 3, 2024
Mizuho hires ex-OTPP executive Karen Frank as senior adviser for EMEA business
Her appointment will likely be announced in the coming days, sources said, asking not to be identified discussing confidential information.
Renesas Electronics CEO Hidetoshi Shibata
BUSINESS / Companies
Jul 3, 2024
Ex-banker behind chipmaker Renesas targets $100 billion value
Renesas’ push coincides with an aggressive campaign by Japan to turn the world’s fourth-largest economy into a chip powerhouse.
Honda has already announced plans to buy back up to ¥300 billion of its shares during the current financial year, a move that could help absorb some of the impact from the sale.
BUSINESS / Companies
Jul 2, 2024
Major Japanese insurers to offload $3.1 billion of Honda shares, sources say
The sale of shares of a high-profile company is the latest sign that the unwinding of cross-shareholding is gaining pace in Japan.
Elliott Investment Management's sizable stake in Sumitomo reflects a growing shareholder activism in Japan.
BUSINESS / Companies
Jul 2, 2024
Activist investor campaigns hit record high, driven by Japan
The number of new activists campaigns totaled 147, up 7% from 138 in the same period in 2023 and 29% above the five-year average.
Toyota Customizing & Development, founded in April 2018 and 90.5% owned by Toyota, develops vehicles on behalf of the parent firm.
BUSINESS / Companies
Jun 30, 2024
Toyota unit violates subcontract law
The Fair Trade Commission will shortly recommend that TCD take steps to prevent a recurrence of similar misconduct, sources said.
In a recently released report, a U.N. group has urged Japanese companies to draw up policies vowing to fulfill their responsibility in protecting human rights.
BUSINESS
Jun 29, 2024
U.N. voices concern over rights violations in Japan workplaces
While noting "important advancements" on the issue, a report expressed concerns about difficulties in addressing deeply embedded harmful gender and social norms.
Tsuyoshi Maruki, president of Strategic Capital, speaks online on Thursday after three of six candidates proposed by the firm for Daidoh's board positions secured a seat.
BUSINESS / Companies
Jun 28, 2024
Activist fund in Japan wins Daidoh board seats in rare victory
Daidoh's stock has more than tripled since activist fund Strategic Capital built a stake in the firm in November 2022.
Toyota has been looking to cash in on stakes in affiliates as it steps up development and production of battery-powered vehicles.
BUSINESS
Jun 27, 2024
Toyota and affiliates to offload some $1 billion in Aisin shares
Toyota Motor and two affiliates will divest at least 12.5% of supplier Aisin
Aichi Gov. Hideaki Omura explains irregularities found at welfare service provider Megumi during a news conference in Nagoya on Wednesday.
JAPAN
Jun 27, 2024
Japanese government punishes operator of group homes for overcharging
About 100 group homes for people with disabilities run by the Tokyo-based firm will be banned from having their service-provider designations renewed.
Shareholders at Toyota's annual general meeting, held in Toyota, Aichi Prefecture, on June 18
BUSINESS / Companies
Jun 26, 2024
Toyota chair's pay raised to $10 million despite safety probe
The total made Akio Toyoda the highest paid Japanese executive for a third straight year.
Who needs AI when you have Hatsune Miku?
Over the first six months of 2024, a handful of songs using Vocaloid singer Hatsune Miku’s voice have enjoyed widespread attention, underlining a global interest in the character and the technology she represents.
Bloodied Trump survives assassination attempt at political rally
Former U.S. President Donald Trump is surrounded and evacuated by Secret Service agents at a campaign rally in Butler, Pennsylvania, on Saturday. Trump was rushed off stage at the rally after shots rang out.
Shooter came within inches of killing Trump, but left few clues as to why
An aerial view shows the stage where Republican presidential candidate and former U.S. President Donald Trump had been standing during an assassination attempt the day before, and the roof of a nearby building where a gunman was shot dead by law enforcement, in Butler, Pennsylvania, on Sunday.
Yen’s woes seem too big for even a BOJ hike this month to solve
The Bank of Japan headquarters in Tokyo
How to beat Japan’s summer heat in ways better for the planet
Tenugui towels hang up to dry at a dyeing company in Sakai, Osaka Prefecture, on May 8. The durable and versatile tenugui, which many people have in their homes, can be used in many ways to cool one’s body.
How to beat Japan’s summer heat in ways better for the planet
Tenugui towels hang up to dry at a dyeing company in Sakai, Osaka Prefecture, on May 8. The durable and versatile tenugui, which many people have in their homes, can be used in many ways to cool one’s body.
After Trump shooting, U.S. presidential race might take a violent turn
United States Secret Service Counter Snipers stand guard on a rooftop during a campaign rally for U.S. President Donald Trump in Avoca, Pennsylvania, in 2020.
No AC this summer? No problem (for me).
Think air conditioning is a requirement for a Tokyo summer? Think again.
She’s paying ¥1 million to help behind the scenes at the Paris Olympics
Mai Tarumi, who previously volunteered at the postponed Tokyo Olympics in 2021, has a travel budget of ¥1 million for her trip to volunteer at the Paris Games.
How to tweak your diet when temperatures spike
Most people think of hydration as a strictly liquid-based concept, but eating foods with high water content is an essential part of making it through a Japanese summer unscathed.

Podcast

You can often see generations of families enjoying performances together at Fuji Rock Festival.
Japan’s summer music festivals are feeling the heat in more ways than one

Longform

Akiko Trush says her experience with the neurological disorder dystonia left her feeling like she wanted to chop her own hand off.
The neurological disorder that 'kills culture'
By Tomoko Otake

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