Tag - corporate-governance

 
Menu
Search
 
December 05, 2024
 

Today's print edition

Home Delivery
Subscribe for more access

CORPORATE GOVERNANCE

People walk past the booth of fashion retailer Shein during the first China International Supply Chain Expo (CISCE) in Beijing on Tuesday.
BUSINESS / Companies
Nov 29, 2023
Shein’s IPO plan to fuel scrutiny over cotton and China roots
In addition to fighting skeptics, Shein is also locked in a battle with rival Temu
Shareholders arrive to attend Toshiba's extraordinary shareholders meeting in Tokyo on Wednesday.
BUSINESS / Companies
Nov 22, 2023
Toshiba shareholders approve plan to go private next month
The decision will allow a consortium led by JIP to buy all of Toshiba's remaining shares, marking the end of its decadeslong history as a public firm.
By Monday, OpenAI's board were overseeing a company in name only, with virtually the whole staff committed to a pledge of seeing them go or quitting the firm for fired former CEO Sam Altman's project at Microsoft.
BUSINESS / Tech / FOCUS
Nov 21, 2023
AI doomsayers blamed in OpenAI's undoing
Harsh critics see a deeply troubled startup that fell victim to the pearl-clutching of an incompetent board that was divorced from reality.
OpenAI said it fired chairman Sam Altman after it concluded that he was not candid with the company's board, hindering its ability to exercise its responsibilities.
COMMENTARY / World
Nov 21, 2023
Profit, not progress, animates the tech world
Reliable sources said Altman's firing came amid difference in views about the speed at which OpenAI should push its artificial intelligence.
Sam Altman participates in an event at the Asia-Pacific Economic Cooperation leaders week in San Francisco on Nov. 16.
BUSINESS / Tech
Nov 20, 2023
OpenAI appoints ex-Twitch boss as CEO, while Altman joins Microsoft
The decision not to reinstate Altman as CEO has confounded efforts by investors and employees of the firm to steady the ship by bringing him back.
Female managers of Mitsui Sumitomo Insurance take part in a training session in Tokyo in October 2018.
BUSINESS
Nov 20, 2023
Listed firms in Japan work on fostering female managers
An increasing number of publicly traded Japanese companies are actively fostering female managers to assume leadership roles in the future.
A report by MSCI ESG Research showed that just one-tenth of MSCI Japan Index firms have reached the 30% female board member threshold that the government is seeking for top-listed businesses.
BUSINESS
Nov 20, 2023
Japan boards may struggle amid pressure for diversity, MSCI says
Just one-tenth of MSCI Japan Index firms have reached the 30% female board member threshold that the government is seeking for top-listed businesses.
Sam Altman, then CEO of OpenAI, at the company’s headquarters in San Francisco in March
BUSINESS / Tech
Nov 19, 2023
OpenAI board pressed by some investors to reinstate Sam Altman
Altman is open to returning. In one scenario under consideration, members of the current OpenAI board would step down as soon as this weekend.
Lukasz Krupski, a service technician for Tesla in Norway who says he was fired after expressing safety concerns, in Drammen, Norway, on Nov. 6
BUSINESS / Companies
Nov 15, 2023
Man vs. Musk: A whistleblower creates headaches for Tesla
An employee who was fired after expressing safety concerns leaked personnel records and sensitive data about driver-assistance software.
Bigmotor's registration as an insurance agent will be revoked later this month.
BUSINESS / Companies
Nov 14, 2023
FSA to revoke Bigmotor's registration as insurance agent
The planned penalty follows an investigation into widespread acts at Bigmotor of deliberately damaging customers' vehicles to pad insurance claims.
Germany, which likely plays a key role in determining Europe’s China strategy, unveiled its 64-page strategy on China on July 13.
COMMENTARY / World / Geoeconomic Briefing
Nov 14, 2023
Germany’s China strategy is epoch-making but ambiguous
While attempting to protect its interests, Berlin has had to deal with business circles attempting to avoid damaging ties with Beijing.
Cosmo Energy is calling another shareholder vote on Dec. 14 to seek approval to discourage an activist group, led by Yoshiaki Murakami, from increasing its stake to 24.56% from the current 20%.
BUSINESS
Nov 10, 2023
Japan's Cosmo braces for 'poison pill' anti-activist vote
The refiner is calling another shareholder vote on Dec. 14 to seek approval to discourage an activist group from increasing its stake.
The McKinsey & Company logo at the 54th International Paris Airshow on June 21
BUSINESS / Companies
Nov 8, 2023
Top consultancy undermining climate change fight: whistleblowers
Privately, the U.S.-based firm offers energy scenarios at odds with its public climate goals to the summit's decision-makers.
Steam rises from the cooling towers of the coal power plant of RWE, one of Europe's biggest electricity and gas companies, in Niederaussem, Germany.
BUSINESS / Companies
Nov 6, 2023
Just 4% of top firms meet U.N. climate target guidelines, study says
The pace of change among governments and corporations is set to form a central part of the COP28 climate talks starting later this month.
A Tasaki jewelry store in Ginza, Tokyo
BUSINESS / Companies
Nov 2, 2023
MBK Partners to sell jewelry brand Tasaki for over $500 million
Alleged trade with Myanmar has limited the scope of potential bidders, sources said.
Cosmo Energy Holdings has said it will call another shareholder vote in December to seek approval for a "poison pill" takeover defense against a group of activist investors.
BUSINESS / Companies
Oct 25, 2023
Cosmo calls another shareholder vote in activist defense
Japan's third-biggest oil refiner said it will not prevent the group a group of activist investors from voting this time.
Sawai Pharmaceutical president Motohiko Kimura (left) and chair Mitsuo Sawai apologize at a news conference in the city of Osaka on Monday.
JAPAN / Science & Health
Oct 24, 2023
Sawai joins list of drugmakers known for manufacturing misconduct
The company had been fraudulently using capsules with new, replaced outer shells for post-approval quality testing, in place of ones it should have used.
The transport ministry holds a hearing session for Bigmotor on Friday in Nagoya. Bigmotor officials did not show up.
BUSINESS / Companies
Oct 20, 2023
Transport ministry moves to punish Bigmotor outlets over fraud
Violations by the used car chain have included overcharging customers for inspection and maintenance fees.
Thanks to a rally in Japanese stocks, even some "bad governance” companies have been unfairly benefiting from the wave, a fund manager has said.
BUSINESS / Markets
Oct 16, 2023
Time to short Japan’s ‘bad governance’ stocks, hedge fund says
A rally in Japanese stocks has unfairly benefited companies that are flouting the bourse’s campaign to boost valuations, according to a fund manager.
Pump jacks in an oil field in Midland, Texas. Big Oil is responsible for the bulk of human-induced greenhouse gas emissions and pressure for action is building.
BUSINESS
Oct 7, 2023
Exxon Mobil's megadeal to test climate-aware shareholders
Negotiations between Exxon and Pioneer are advanced but have not yet led to an agreement over the acquisition.
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

The celebrated artist ‘updating’ the kimono
The celebrated artist ‘updating’ the kimono

SPECIAL SUPPLEMENTS note

Read more

SUPPLEMENTS BINDER