Probe finds Toshiba colluded with Japan ministry
Japan's trade ministry effectively colluded with Toshiba's management. That's according to an independent probe. It found that the ministry sought to influence shareholder votes on director nominees at last year's annual general meeting.Now the findings could discredit government efforts to improve corporate governance in Japan.The investigators' report lays out how the Ministry of Economy, Trade and Industry leaned on Harvard University's endowment fund and other foreign investors in Toshiba.It says the firm actively sought official help in countering activist in...