Corporate Governance at Toshiba Corporation

內容大綱
In early June 2021, an independent investigation team released its report into the way Japan-based Toshiba Corporation (Toshiba) had conducted its 2020 annual shareholder meeting, finding that the company had mishandled the annual general meeting with respect to shareholder rights. As a result, Toshiba had to deal with the immediate problem of putting up a new slate of nominee board directors to be put to a vote at the next annual shareholder meeting to be held on June 25, 2021. Toshiba also had to deal with the long-term problem of improving the company’s corporate governance and re-establish trust in the way the company was run. The board had one week in which to prepare a plan to present at the annual general meeting that would restore trust in the company.
學習目標
The case can be used as a stand-alone corporate governance case in a senior-level undergraduate or graduate class on strategy. Corporate governance is usually covered toward the end of the course in a strategy class, hence the suggested placement is in the second half of the course. After working through the case and assignment questions students should be able to,<ul><li> understand the distinction between the two contrasting governance models;</li><li>explain the purpose of corporate governance;</li><li>identify the role of activist shareholders;</li><li>understand the practical application of agency theory by identifying the role of principals and agents; and</li><li>examine the fiduciary role played by a public company's board of directors.</li></ul>
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