Corporate governance failed at Toshiba due to pressure to show strong performance during downturns, leading directors to set illogical high targets and an overly authoritative culture where staff did not question senior management. This, combined with inadequate internal controls, caused the company to take wrong steps to meet targets.
Corporate governance failed at Toshiba due to pressure to show strong performance during downturns, leading directors to set illogical high targets and an overly authoritative culture where staff did not question senior management. This, combined with inadequate internal controls, caused the company to take wrong steps to meet targets.
Corporate governance failed at Toshiba due to pressure to show strong performance during downturns, leading directors to set illogical high targets and an overly authoritative culture where staff did not question senior management. This, combined with inadequate internal controls, caused the company to take wrong steps to meet targets.
Corporate governance failed at Toshiba due to pressure to show strong performance during downturns, leading directors to set illogical high targets and an overly authoritative culture where staff did not question senior management. This, combined with inadequate internal controls, caused the company to take wrong steps to meet targets.
downturns Want to show that the company in good condition as a public listed company The director set the target so high and illogical Performance-based evaluation system Took the wrong way to reach the target Toshibas strong top-down culture, which discouraged staff from questioning the authority of senior management Inadequacy of Toshibas internal control