The case study that Professor Shigeru Asaba uses to introduce its MBA programme is the governance failures at Toshiba, which almost brought down one of the most famous industrial names in Japan.
“It raises a whole series of questions from who is at fault and what the failure was to the fundamental issue of whom a company should be managed for,” says Prof Asaba, dean of Waseda Business School, Tokyo.
Toshiba, once a poster child of Japan’s efforts to police corporate behaviour, suffered a $1.3bn accounting scandal in 2015 and later overhauled its board.
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