A company with more than 100 years of history behind it would easily come across as an outfit where governance and accountability would be deeply ingrained as part of its corporate culture.
But that is not the case for Toshiba of Japan that is hit by an accounting scandal. An independent investigation committee has found that the 140-year-old company had inflated profits up to 152 billion yen (US$1.2bil) since 2008.
