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Toshiba's then-President Hisao Tanaka bows at a news conference in 2015 after the release of a third-party commission's report pointing to problems with internal controls. (Photo by Keiichiro Asahara)
Business trends

How Toshiba's closed culture bred systematic cover-ups

The failure of internal controls to function properly has cost the company dearly

TAKAFUMI HOTTA and KAZUE YASUHARA, Nikkei staff writers | Japan

TOKYO -- Toshiba has proved an inspiration for oversight at listed companies, just not in the way the conglomerate might have hoped.

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