Hints and tips:
...JSR’s largest shareholder is the US activist fund ValueAct, which holds a stake of about 9 per cent and has previously held major positions in Olympus and Seven & i Holdings....
...Naver Webtoon, which offers services in French, Spanish and German, is launching its own European corporation, while Kakao Webtoon launched in Thailand and Taiwan last year....
...Stakeholders Incorporated: our guide to the ABCs of PBCs Do you know your B Corps from your public benefit corporations?...
...Last year’s Foreign Investment Risk Review Modernisation Act in the US grants sweeping powers to review and block foreign acquisitions, of real estate and corporations....
...“The influence of Japanese banks over corporations is waning,” says Haruo Nakamura, deputy president and head of investment banking at Mitsubishi UFJ Morgan Stanley Securities....
...Japanese corporations that have attempted to forestall trouble at their annual meetings by pledging to scrap their takeover defence strategies — more than twice the number that did so in 2018....
...Mitsubishi UFJ Trust and Banking Corporation, Japan’s largest finance company, has already started publishing the data....
...Japan’s governance issues are so profound — even high-profile companies such as Sony, Toshiba and Olympus have struggled to avoid them — that it prompted some people to ask, what else did you expect?...
...“However complicated a case is, prosecutors will pursue charges only on the assumption that it will definitely win the case,” said Tatsuo Uemura, professor in securities regulation and corporation law at...
...And Olympus might look like the right kind of prey....
...“Japan has an ability to look past the past, as we saw with Olympus, and you can argue that the parties responsible for the current problems are no longer around,” says Damian Thong, analyst at Macquarie...
...He lashed out at tax-dodging corporations and fat-cat bosses on million-dollar bonuses....
...Nacho Abia, chief executive of Olympus Corporation of the Americas, said the company acknowledged responsibility for its past conduct....
...Michael Woodford Former President and CEO, Olympus Corporation...
...Pettifogging human rights laws prevent the City Corporation from manacling bankers to the stonework. They are free to relocate to the ritzy purlieus of, um . . . Victoria....
...“This is a problem that occurred at a major and global corporation that represents Japan.”...
...Olympus Corporation and its subsidiary Gyrus Group have denied charges that they made statements to auditors that were “misleading, false or deceptive”....
...Gyrus Group Ltd, a UK subsidiary of Olympus Corporation, and Olympus are being prosecuted by the SFO, and company representatives appeared at Westminster magistrates’ court on Tuesday....
...While head of Olympus, the digital camera company, Mr Woodford exposed a $1.7bn fraud and was sacked for doing so. His lecture will be followed by a book signing reception....
...But he is one of the few foreign businessmen to have penetrated deep inside a Japanese corporation and to report back unflinchingly on what he saw. What he found was not pretty....
...Corporations know this and, crucially, so do their shareholders. I was president and chief executive of Olympus Corporation when a financial scandal broke at the Japanese company last year....
...Court proceedings leading to Olympus Corporation’s recent guilty plea provide a textbook example of bad governance, with complicity and poor oversight facilitating a $1.7bn accounting cover-up, one of Japan...
...“For one thing, the ability of the banks to support their borrowers has declined, so increasingly that role is being played by public financial institutions and other corporations.”...
...Recent examples include the BP explosion in the Gulf of Mexico, safety failings at Massey Energy, scandals at News Corp and Olympus, and mis-selling of mortgages and poor risk management at investment banks...
...“I believe it is not appropriate to judge that all the listed companies and financial markets in Japan are not well-disciplined, based on this incident regarding the Olympus Corporation.”...
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