Oct. 26 (Bloomberg) -- The Tokyo Stock Exchange said recent allegations against listed companies, including unauthorized lending to a director and concerns about compensation paid to advisers on takeovers, are “questions of compliance and management ethics at their most basic level.”
Domestic and overseas investors have “expressed opinions that the management of such listed companies have unfairly damaged their corporate value,” the bourse said today in a statement on its website. Shareholders also showed concern about “underlying problems in the quality of Japanese corporate governance,” according to the statement, which didn’t identify any companies or investors.
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