Transparency remains a problem at Toshiba

Putting pressure: The logo of Toshiba is seen at the company’s headquarters in Tokyo. An independent probe revealed last month that Toshiba had colluded with the government to put pressure on foreign shareholders. — AFP

TOKYO: The Tokyo Stock Exchange (TSE) wants Toshiba Corp to make “prompt and appropriate” disclosure about its widening governance scandal, including who was responsible, the head of the bourse said, adding transparency remained a problem.

Hiromi Yamaji also told Reuters that activist investors – who have been in focus because of Toshiba – can be a force for better shareholder engagement at Japanese companies and help improve governance.