Excerpt: “The Toshiba scandal further underlines the need for board training as well as a robust whistleblower protection system,” said Seth Fischer, chief investment officer at Hong Kong-based hedge fund Oasis Management and a corporate governance activist who successfully pushed for reforms at Nintendo Co Ltd.
“Whistleblowers are ultimately performing a service to the company, its executives and the company’s overall mission – which is integrity of financial statements. They need to be rewarded as such,” he said.
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