In today’s briefing:
- Advisors’ Disclosure Is Inadequate and Other Companies May Have Similar Cases
Advisors’ Disclosure Is Inadequate and Other Companies May Have Similar Cases
- Corporate governance report and securities report were inadequate because it was not possible to get a complete picture of how many advisors other than ex-CEOs were involved in the company.
- Mitsubishi Electric, which has suffered scandals, has revealed that “senior advisors” have been involved in its management. However, it is possible that advisors influence management at other companies as well.
- The ex-CEO isn’t necessarily in charge of industry association activities, the compensation of the advisors is undisclosed, and Mitsubishi Electric still has a ways to go in improving management transparency.
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