Toshiba scandal exposes Japan Inc.’s governance flaws | Economy | GMA News Online

Toshiba’s billion-dollar accounting scandal has shone a light on a corporate culture in Japan still beset by collusion in its senior ranks, unquestioning employees and poor external controls, experts say.

The vast 140-year-old conglomerate was hammered this week by embarrassing revelations that top executives pressured underlings to inflate profits by about $1.2 billion since the 2008 global financial crisis.

via Toshiba scandal exposes Japan Inc.’s governance flaws | Economy | GMA News Online.

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