A new paper by Seth Payne argues that:
Category: Investment
Letter from ACGA to TSE: “Refrain from Delisting Olympus”
From the ACGA website:” On November 17, 2011, ACGA submitted a letter to the Tokyo Stock Exchange (TSE) regarding the Olympus Corporation and its ongoing status as a listed company. Our main points were:
“Is Olympus a Company-Specific Problem, or a Systemic Problem?” – Neither, Really
We should keep in mind two things:
Japanese Corporate Governance as Seen in Terms of ESG Scores – Some Sompanies Have Issues, But Many are Also Top Rate
Mr. Kengo Nishiyama, analyst of Nomura Equity Research, has submitted the report below. Summary: