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need for strong corporate governance

By Occasional Contributors | 2 Minutes Read August 17, 2015

Toshiba scandal stresses need for strong corporate governance

The current CEO and one former CEO of Toshiba Corp. resigned this week in connection with the accounting scandal the company has been embroiled in since May. Senior executives are alleged to have pressured subordinates to meet unachievable financial targets, leading the company to overstate its earnings by more than USD $1.2-billion between 2008 and 2014.

Article by Occasional Contributors / Business, Finance and Accounting, Payroll / accounting scandal, board members, compliance practices, Corporate culture, corporate governance policies, corporate managers, electronics manufacturers, leading the company to overstate its earnings, market value, need for strong corporate governance, postponed losses or pushed forward sales on accounting, restatement of earnings, robust internal controls, shareholders, Toshiba scandal, unachievable financial targets

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