Toshiba needs 'prompt, appropriate' disclosure, TSE chief says
By Makiko Yamazaki, Hideyuki Sano and Noriyuki Hirata
Reuters
TOKYO (Reuters) -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.
His comments reflect both a shift in attitude toward activist investors in Japan, and the extent the Toshiba scandal has raised concern within corporate Japan about governance, something shareholders have said is long overdue.